Interim report, January 1 – June 30, 2005

Continued strong growth for Pointsec SECOND QUARTER • Sales rose to SEK 67.7 M (44.4) for the quarter. Excluding divested operations the sales growth was 71%, SEK 67.7 M compared to 39.6. • Sales of Pointsec-products rose for the fourth quarter in row to SEK 51.0 M (28.2). • Operating result amounted to SEK 9.8 M (-0.8). REPORT PERIOD FROM JANUARY TO JUNE • Sales amounted to SEK 131.4 M (102.5). • Profit after tax amounted to SEK 15.1 M (9.5). • Profit per share amounted to SEK 1:43 (0.90). CEO Thomas Bill’s comments: ”I am very pleased to once again be able to present strong figures for the quarter. Pointsec sales rose to SEK 51 M for the second quarter, an increase of 81%, compared with the corresponding quarter in the preceding year. In terms of sales, this was the best-ever quarter for Pointsec. The gross margin increased by 4 percentage points to 85%, while operating profit rose to SEK 9.8 M from a loss of SEK 0.8 M last year. Interest for security for mobile devices is great and increasing around the world, not least in the financial sector in the US and in Japan. Sales were also favorable in the new markets in the Middle East and India. In Europe, a very important order was received during the quarter from an international auditing firm. Once again, the analysis company Gartner Group ranked Pointsec as the market leader in mobile data protection. This is an achievement of which we are very proud and view as confirmation that we offer customers the strongest and most easily managed security solution for information on mobile devices. An important partnership was initiated during the quarter with the US company Extended Systems. Extended Systems develops solutions for professional mobile users that complement Pointsec’s solutions, allowing us together to offer mobile security solutions of high quality. Our opinion remains unchanged that Pointsec sales will continue to show a favorable trend and that Group earnings will improve, compared with the preceding year.”