TeleComputing. Results 1.quarter 2008

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• Total group revenue for 1st quarter 2008 was MNOK 217,1 (MNOK 172,4), representing a growth rate of 25,9 %

• The organic growth rate was 13,6 %, after adjusting for the prior 12 months’ acquisitions and divestitures.

• Excluding the effect of SEK/NOK currency fluctuations, the organic growth rate was 15,9 %.

• Order inflow in the IT Operations segment during the 1st quarter was MNOK 138 (MNOK 118). New contracts represented MNOK 104 (MNOK 85) of the order inflow.

• Operating profit before amortization (EBITA) was MNOK 16,7 (MNOK 10,1), representing an EBITA margin of 7,7 %.

• After amortization expenses of MNOK 1,8 (MNOK 1,3), operating profit (EBIT) was MNOK 14,9 (MNOK 8,8).

• Net income after tax was MNOK 8,7 (MNOK 6,9). The company’s effective tax rate in Q1 2008 was 28% compared to an tax rate of 8% in Q1 2007.

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