24SevenOffice ASA Quarterly report 2Q 2010

Record quarterly revenue in 2Q 2010

24Seven Technology Group ASA had record revenue of MNOK 24.9 for 2Q10, up 38%

compared to 2Q09 and an operating profit before depreciation (EBITDA) of MNOK

-12.9 for 2Q10, due to accruals made in connection with the law suit from Active

In 1H10 operating revenue was MNOK 49.4. This represents growth in sales of 33%

compared to 1H09.

Highlights 2Q 2010

- Record revenue of MNOK 24.9 in 2Q10, up 38% compared to 2Q09

- Operating revenue in Sweden up 23% from 2Q09

- Software revenue up 34%, compared to 1H09

- Changed Group name to 24Seven Technology Group ASA and focused company

strategy purely towards technology and innovation.

- Acquired Propartner Holding AS and sold the daughter company Propartner

Defence AS, containing the manual production activities to the Propartner

Defence management.

- Sold AccountOnIt for MNOK 25, received MNOK 12 bid on Phonzo's private

customer portfolio and received an offer for a credit line of MNOK 17.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1441433]

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