Orc Software AB – Year-End Financial Report January 1– December 31, 2004

• Revenue for 2004 decreased by 1 percent and amounted to SEK 247 (249) million. • Operating income for 2004 decreased by 61 percent to SEK 29 (74) million, giving an operating margin of 11.9 (29.9) percent. Income after taxes amounted to SEK 23 (56) million. • Revenue for October December 2004 amounted to SEK 62 (62) million with an operating income of SEK 0.8 (16) million, giving an operating margin of 1.3 (24.9) percent. Income after taxes amounted to SEK 0.5 (12) million. • Increased new sales during the fourth quarter, including Orc Liquidator. • Earnings per share amounted to SEK 1.60 (3.78). • The Board of Directors recommends a dividend of SEK 1.50 (3.40) per share for 2004.

For further information please contact: Jonas Lindström, CEO, tel: +46 8 407 38 00 Lars Johansson, EVP and COO, tel: +46 8 407 38 24 Susanne Holmlund, Investor Relations, tel: +46 8 407 38 50 www.orcsoftware.com