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TOMRA Systems Earnings Release 2009

Feb 19, 2010

3775_rns_2010-02-19_c4c29bab-1006-4224-9750-05671620f009.html

Earnings Release

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Fourth Quarter 2009 Results

Solid performance in Collection Technology.

Continued improved performance and order inflow in Industrial Processing

Technology.

California adversely affected by reduced handling fees.

Non Deposit break even by end of 2009.

Restructuring charges and other one-time costs of 95 MNOK.

Revenues of 893 MNOK (1076 MNOK in fourth quarter 2008). Down 8% after

adjustment for currency change.

Operating expenses of 196 MNOK before restructuring and one-time charges (244

MNOK in fourth quarter 2008). Down 15% after adjustment for currency.

Operating profit of 124 MNOK before restructuring and one-time charges (136 MNOK

in fourth quarter 2008), flat after adjustment for currency.

Strong cashflow from operations of 235 MNOK (255 MNOK in fourth quarter 2008).

Collection Technology - Deposit Solutions

Revenues in the segment were 508 MNOK in the fourth quarter, down from 553 MNOK

in fourth quarter 2008. After adjustment for currency change, revenues were

flat. Gross margin decreased from 42% in fourth quarter 2008 to 38% in fourth

quarter 2009.

Excluding the 19 MNOK write-down of machine parts in US, margins were stable.

Past restructuring efforts continued to pay off, with 18% reduction in operating

expenses compared to fourth quarter 2008.

Materials Handling

Revenues in the business area were 177 MNOK in fourth quarter 2009, down from

310 MNOK last year. In USD, revenues were down 32%. Gross margin was 3%, down

from 13% in fourth quarter 2008. The decrease was a result of lower volumes in

both regions, and lower handling fees in California.

Industrial Processing Technology

Revenues in the quarter decreased to 199 MNOK from 213 MNOK last year. Revenues

were slightly down in all three units within the segment. But compared to the

first three quarters of 2009, fourth quarter 2009 was strong, with revenues 69%

above the average of the previous three quarters.

Order intake improved during the quarter and the order book was 130 MNOK at the

end of fourth quarter 2009, up from 102 MNOK at the end of fourth quarter 2008.

Asker, 19 February 2010

Tomra Systems ASA

Attached please find the report and presentation for 4(th) quarter 2009. A live

broadcast of the presentation is available on www.tomra.com

(investor relation page). A record of the broadcast will

be available as soon as the live broadcast has ended.

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

(Norwegian Securities Trading Act)

[HUG#1386373]