Orc Software AB – Year-end financial report January 1– December 31, 2005

Full year 2005 • Revenue SEK 278 (247) million • Operating income SEK 28 (30) million • Operating margin 9.9 (12.0) percent • Income after taxes SEK 20 (21) million • Earnings per share SEK 1.40 (1.61) October-December 2005 • Revenue SEK 79 (61) million • Operating income SEK 13 (1) million • Operating margin 17.0 (1.4) percent • Income after taxes SEK 8 (0) million • Earnings per share SEK 0.54 (0.04) Significant events • Orc Software acquires Cameron Systems • The Board anticipates that the company will exceed a revenue growth rate of 15 percent and an operating margin of 15 percent in 2006 also on a pro forma basis • The Board of Directors proposes a dividend for 2005 of SEK 50 (22) million For further information please contact: Jonas Lindström, CEO, tel: +46 8 407 38 35 Lars Johansson, EVP and COO, tel: +46 8 407 38 24 Susanne Holmlund, Investor Relations, tel: +46 8 407 38 50