Song Networks Holding AB Interim Report January 1 - June 30, 2003

Song Networks Holding AB Interim Report January 1 - June 30, 2003 Positive cash flow in the second quarter and continued improvements of profitability in operations · Revenues were SEK 1,160 million (1,149 the corresponding period the previous year). Revenues from high margin services as data and Internet increased with approximately 15% compared with the first six months of 2002 while low margin services as voice and other decreased. Revenues for the second quarter of 2003 were SEK 581 million (559). · Gross margin before depreciation was 43.1% (40.4). Gross margin before depreciation for the second quarter of 2003 was 43.5% (40.7). · EBITDA improved the first six months of 2003 to SEK 40 million (-80). EBITDA for the second quarter of 2003 was SEK 26 million (-33). · EBIT for the period improved to SEK -61 million (-585). EBIT for the second quarter of 2003 was SEK -17 million (-286). · Cash flow for the period was SEK 296 million (-155). Cash flow for the second quarter of 2003 was positive with SEK 9 million (-236). · Net result for the period was SEK 20 million (-2,209). · Result per share for the period was SEK 0.40 (-1,332). · Liquid assets amounted to SEK 560 million at the end of the period (344), including restricted cash. Financial net cash amounted to SEK 423 million (-4,914). Corporate information Principal executive office: Song Networks Holding AB Box 712 SE-169 27 Solna Sweden Visiting address: Enquiries: Tomas Franzén, CEO Tel: +46 8 5631 01 11 E-mail: tomas.franzen@songnetworks.net Joachim Jaginder, CFO Tel: +46 8 5631 01 99 E-mail: joachim.jaginder@songnetworks.net Gustav III:s Boulevard 18 Phone: +46 8 5631 00 00 Telefax: +46 8 5631 01 01 www.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/2003/08/12/20030812BIT00080/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/08/12/20030812BIT00080/wkr0002.pdf The full report

About Us

Song network is a fast growing Nordic data and telecommunications operator. The business concept is as a leading supplier to offer broadband-solutions for data, telephony and Internet to large and medium-sized business and organisations in the Nordic coun