Result and Financial Position 1 July - 31 December 1999

NOVESTRA REPORTS A PROFIT FOR THE SECOND QUARTER OF ITS FINANCIAL YEAR OF 65,585 KSEK; AN INCREASE OF 290 % COMPARED TO THE PREVIOUS QUARTER. BOOK VALUE OF FINANCIAL ASSETS INCREASED TO 157,478 COMPARED TO 56,901 IN THE PREVIOUS QUARTER; AN INCREASE OF 177 %. Result and Financial Position 1 July - 31 December 1999 (KSEK) Group The Group's result after tax amounts to 82,420. The result includes capital gains of 81,209 and the result from the Group's cash management (trading) amounts to 4,588. Period end book value of financial assets increased to 157,478. The Group's total assets now amount to 168,521 of which 140,272 is equity. (Solidity 83%). Significant events Of Novestra's holdings at the beginning of the fiscal year, three companies have been acquired by external firms against payment in shares of the acquiring firm. These are E*Trade Nordic, Boxman AB and Intelligence SE AB. During the period Novestra has made several new investments, inter alia in NetTime AB, Mobilestop.com Inc., NetSurvey AB and Börstipset AB. Novestra has also participated in a share issue in Svenska Bredbandsbolaget. As an initial step towards a listing on the Stockholm Stock Exchange "O- List" later this year, unofficial trading in the Novestra share started in November 1999 through Hagströmer & Qviberg Fondkommission AB. Future developments We believe that we are well positioned to continue to take advantage of the increasing number of investment opportunities in our field. We plan to continue to build on our excellent network of advisors and we are committed to a focus on extraordinary growth with continuing increase in value for our shareholders. The development of Novestra's portfolio will largely depend on the interest in the financial market for young companies in an expansion/ development phase. We are optimistic with regard to our long-term prospects and, provided that market conditions remain favourable over the next quarters, we expect a continued positive development of Novestra's results. Novestra's deal flow is maintained at a high level and Novestra's opportunities to participate in interesting investments have increased over the recent period. In the future, the company will further increase its focus towards the information, media and enabling services. Novestra intends to increase its collaboration with international investment companies in order to further strengthen its support to portfolio companies in their expansion. We also believe that a greater international focus will provide Novestra with an increased number of investment opportunities abroad. A step in this direction is a recently established collaboration with San Francisco based Broadview Capital Partners. Contrary to many players in the venture capital industry, we have been reluctant to draw quick conclusions from the first phase of the network economy. We believe that a great majority of the e-commerce ventures will be long-term disappointments. However, the entrepreneurs and companies which realise the challenges ahead of them and focus on performance rather than media attention will prevail and become the leaders of the network economy. For Novestra, it is going to become increasingly important to develop the investment strategies that have helped us deliver extraordinary results in the first round of investments made. With the ongoing efforts and contributions of our employees, advisors, shareholders and directors we will continue to work towards further bolstering our position and delivering long-term results. Other information Comparative figures from the preceding year are not available due to a change of periodicity. This report has not been audited by the company's auditors. For further information on Novestra's investment strategy, management, directors and advisors, please see www.novestra.com, for further questions please contact Theodor Dalenson, CEO, phone No. +46 8 545 017 50. Stockholm in January 2000 Theodor Dalenson CEO ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/01/17/20000117BIT00620/bit0001.doc http://www.bit.se/bitonline/2000/01/17/20000117BIT00620/bit0002.pdf