Orc Software AB – Interim report January 1 – March 31, 2006

January-March 2006 • Revenue SEK 93 (66) million • Operating income SEK 4 (8) million • Operating income SEK 14 million following adjustments for items affecting comparability and foreign exchange effects • Operating margin 3.8 (11.7) percent • Operating margin 16.1 percent following adjustments for items affecting comparability and foreign exchange effects • Income after taxes SEK 3 (6) million • Earnings per share SEK 0.20 (0.40) Significant events • Strong sales growth in all regions. • The acquisition of Cameron Systems is going according to plan and the business was consolidated as of February 1. • Lars Johansson has taken up the position as acting Chief Executive Officer. • After the end of the period, on April 12, a declaration of intent was announced between OMX and Singapore Exchange Limited (SGX), which implies that OMX will provide the MarketOn product to SGX's members and their clients. MarketOn is based on the cooperation agreement that Orc Software and OMX entered into in the autumn of 2005.