Oslo IT merger press conference

Press conference Oslo 07.06.2010

Disclaimer ,[object Object],[object Object],[object Object],[object Object],[object Object]

Introduction ,[object Object],[object Object],Arve Johansen Chairman, EDB Business Partner ASA

A landmark transaction creating a Nordic IT champion ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: Latest IDC report (Jan 2010) Total market size is approx NOK 130bn

Bringing 50 years of IT innovation together EDB ErgoGroup Nordic leadership 1961: Established as Elektronisk Databehandling AS 2000: Acquistion of Fellesdata 2002-2008: Acquisitions to strengthen customer and service portfolio 2007: Global sourcing through acquisitions in Ukraine and India 1972: Established as Statens Driftssentral 2001-2005: Acquisitions to strengthen customer and service portfolio 1995: Posten aquires Statens Datasentral SDS 2006: Establishing regional Nordic presence through Allianse and SYSteam 2007: Acquisition of Bekk Consulting 2001: Established in Sweden 1999: Merger of AS EDB and Telenor Programvare 2008: Global sourcing through acquisition of ION

Transaction structure ,[object Object],[object Object],[object Object],[object Object],[object Object]

Corporate governance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Presentation of the combined company Terje Mjøs Proposed CEO, EDB ErgoGroup ASA John-Arne Haugerud Proposed deputy CEO, EDB ErgoGroup ASA

Overview of the combined company Revenue of NOK 12.7 bn and approx 10,000 employees 3 58% 17% 25% Revenue by segment (’09) Revenue by country (’09) Employees by country ('09) 53% Consulting IT Operations Solutions 71% 29% 53% 17% 2% 27% International Norway Norway Ukraine and India Other Sweden SME will represent approx 17% of EDB ErgoGroup

Long term partnership with Nordic customers enables growth

Contribution from EDB and ErgoGroup EDB Contribution ErgoGroup Contribution ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Strategic benefits of the merger ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

From Norwegian outsider to significant service provider in Sweden L Largest IT company in Norway Top 5 IT service provider in Sweden ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Focus on Nordic and international growth opportunities

Expected synergies of NOK 250-350m ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Planning and integration ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Preparation phase Execution Q2 2010 Q4 2010

Financials and timeline Kristian Kuvaas Johansen CFO, EDB Business Partner ASA

Financial overview EDB ErgoGroup Goodwill Other assets Cash Int. bearing debt Other liabilities Equity Goodwill Other assets Cash Int. bearing debt Other liabilities Equity NOKm NOKm Note: Balance sheet figures as per Q1 2010

Financial strength with platform for further expansion ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Share issue will increase free float and strengthen capital structure ) + = NOKm Net debt (NOKm) Equity Net Debt Equity Net Debt EDB Ergo Group Posten 47% Net Debt Telenor 27% Other 26% % Illustrative transaction overview pre share issue Illustrative capital structure post share issue NOKm Share issue (NOKm)

Timeline to closing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Q&A with presenting team ,[object Object],[object Object]

Oslo IT merger press conference

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