Preliminary Accounts Report for 1999

Preliminary Accounts Report for 1999 Resco streamlines towards the Internet * Sales rose by 8 per cent to SEK 282.9M (261.3). Following structural changes, pro forma sales amounted to SEK 295.5M. * Operating result amounted to SEK -11.4M (11.5), including a capital gain of SEK 10.0M from sale of operations at the offices in Södertälje and Västerås. After financial items, the result amounted to SEK -11.2M (12.4). * Operating margin was -4.0 per cent (4.4) * In January 2000, an agreement was made to acquire Internetbyrån Intra Kommunikation AB with 27 employees. * In January 2000, a letter of intent was issued regarding a merger of the subsidiary, Resco Learning AB, and the Norwegian company, in2win A/S. The new company with 85 employees will have a leading position within interactive training in Scandinavia and the target is a stockmarket introduction within a year. Sales for 1999 were SEK 43M pro forma. * Number of employees was 358 (347) at the period-end. In mid-February, the number of employees was 423 including associated companies. * The Board of Directors proposes that no dividend be paid. In the previous year, a dividend of SEK 1.0 per share was paid. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/21/20000221BIT00200/bit0001.pdf http://www.bit.se/bitonline/2000/02/21/20000221BIT00200/bit0002.doc