May 12th 2006, 08:30 Slide 1 1 st Quarter 2006 Presentation of Results May 12 th, 2006 Kåre Løchsen, CEO Alex Gundersen, CFO

May 12th 2006, 08:30 Slide 2 Agenda Q1 Highlights Financial Results first quarter Products and Markets Q’s & A’s

May 12th 2006, 08:30 Slide 3 Quarterly Highlights - Operation 37% growth in operating revenues  For regular customers (excluding bulk orders) better than the best quarter of 2005 EBITDA of 2.3 m, up from -0.2 m in Q Net profit at 1.6 m as compared to -0.3 m in Q1 2005

May 12th 2006, 08:30 Slide 4 Quarterly Highlights - Market and Technology Solid development of sales to core customers for embedded solutions First installation of Dolphin SuperSockets in the UK  Collaboration with Capgemini and MySQL brought a major ticketing system on line  Significant performance gain using Dolphin with MySQL New cabling system in stock  Improvement for certain usage areas  Second Source Completed RoHS compliancy program a head of time All Open Source SW suite for large HPC clusters in operation  Partners, University of Zürich, Nicevt

May 12th 2006, 08:30 Slide 5 Quarterly Highlights - Stock Market Successful IPO and listing on OSE April 20 Expanded shareholder base  IPO from 220 to 337 shareholders  First weeks of trading, from 337 to 418 shareholders

May 12th 2006, 08:30 Slide 6 Going Forward Quarterly revenue reflects a solid base business Take advantage of the positive reception of SuperSockets in the MySQL community  Aggressive marketing into the database server market NumaChip project startup  Establishing partnerships  Recruiting

May 12th 2006, 08:30 Slide 7 Agenda Q1 Highlights Financial Results first quarter Q’s & A’s

May 12th 2006, 08:30 Slide 8 P & L – Key Figures

May 12th 2006, 08:30 Slide 9 P & L – Historic Development

May 12th 2006, 08:30 Slide 10 Quarterly Revenue

May 12th 2006, 08:30 Slide 11 Balance Sheet – Key Figures

May 12th 2006, 08:30 Slide 12 Cash Flow – Key Figures

May 12th 2006, 08:30 Slide 13 Cash Flow from Operations

May 12th 2006, 08:30 Slide Largest Shareholders

May 12th 2006, 08:30 Slide 15 Agenda Q1 Highlights Financial Results first quarter Q’s & A’s