Interim Report January 1 - December 31, 2003

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Interim Report January 1 - December 31, 2003 Strong focus on profitability and cash flow gives results FOURTH QUARTER 2003 · Revenues, SEK 554 million (SEK 595 million the corresponding period the previous year) · A strong improvement in gross margin before depreciation, 51.3%(42.3) · A further improvement of EBITDA, SEK 59 million (14) · The company reports for the first time a positive EBIT, SEK 13 million (-149) · Cash flow, SEK -5 million (-90) JANUARY - DECEMBER 2003 · Revenues were SEK 2,261 million (SEK 2,325 million the corresponding period the previous year) · Gross margin before depreciation improved significantly, 46.1% (41.3) · EBITDA, improved considerably to SEK 133 million (-83) · EBIT, improved to SEK -58 million (-918) · A strong cash flow was recorded, SEK 412 million (-232) · Net result for the year was positive, SEK 35 million (-2,284) · Result per share, SEK 0.66 (-1,376.85) · Liquid assets increased substantially during the period, SEK 672 million (266) at the end of the period, including restricted cash. Financial net cash, SEK 531 million (194) Corporate information Principal executive office: Song Networks Holding AB Box 712 SE-169 27 Solna Sweden Visiting address: Gustav III:s Boulevard 18 Phone: +46 8 5631 00 00 Telefax: +46 8 5631 01 01 www.songnetworks.net Enquiries: Tomas Franzén, CEO Phone: +46 8 5631 01 11 Mobile: +46 701 810 111 E-mail: tomas.franzen@songnetworks.net Joachim Jaginder, CFO Phone: +46 8 5631 01 99 Mobile : +46 701 810 199 E-mail: joachim.jaginder@songnetworks.net Jenny Moquist, Investor Relation Manager Phone : +46 8 5631 0219 Mobile : +46 701 810 219 E-mail : jenny.moquist@songnetworks.net ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/18/20040218BIT00020/wkr0001.doc The full report http://www.waymaker.net/bitonline/2004/02/18/20040218BIT00020/wkr0002.pdf The full report

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