Interim report 1 January – 31 March 2006

Tilgin AB (publ), Corp. ID no. 556537-5812

FIRST QUARTER 2006 COMPARED WITH FIRST QUARTER 2005
• Net sales SEK 94.2 million (18.7), a 402 % increase compared with the first quarter 2005.
• Net result SEK -11.4 million (-16.3).
• Loss per share SEK -0.94 (-10.32).
• New customers include Multimedia Polska (IP-TV, Poland) and Megaphone/Order Hemelektronik (IP Residential Gateway, Sweden).
• 72.901 (17.246) units of customer placed equipment (CPE) shipped in the first quarter.
• Gross margin 21 % (19 %), continued positive trend in the first quarter.
• Operating result SEK –10.8 million (-16.0).
• Cash flow from operating activities SEK -2.6 million (-20.1).
• Cash and bank SEK 50.3 million (2.8) as of 31 March 2006.

OTHER ISSUES
• Change of company name to Tilgin AB (publ) as part of a new trademark strategy.
• In January 2006 SEK 1.2 million of the 2005 convertible bond issue (SEK 50 million in total)
was converted into new shares, leaving the convertible debt at SEK 1.7 million.
• A March 2006 extraordinary general meeting decided on a SEK 109.1 million reduction of
share capital for covering of losses.
• The board has decided to apply for a listing at the Stockholm Stock Exchange.

For further information, please contact:

Jan Werne, CEO, Tilgin AB (publ)
Phone: +46 708 48 25 40
E-mail: jan.werne@tilgin.com

Mikael Sköld, CFO, Tilgin AB (publ)
Phone: +46 708 48 30 11
E-mail: mikael.skold@tilgin.com