EKORNES ASA 1 st half-year kvartal nd Quarter

2 Ekornes H1 - Headlines: Ekornes performing well in H1 – but seeing H2 as more challenging Customer confidence and macroeconomics negative in all major markets Order book – NOK 317 mill end of July (NOK 275 mill in 2007). USA, Japan and Svane® short visibility Foreign exchange and raw material prices still challenging. Some signs of easing? Stressless® - Capacity at 1,750 seats per day end Q2, no further increase in 2008 currently planned Ekornes® Collection – Model range taken down to four models – supplementary to Stressless® sofa - Implication sliding revenues Mattresses Q2 somewhat more uplifting than Q1 – July was good 2. kvartal nd Quarter

3 Development in Operating Revenue: 2. kvartal nd Quarter

4 Development in Operating Revenue: 2. kvartal nd Quarter

5 Distribution of turnover by product area (mill.NOK): 2. kvartal nd Quarter

66 Distribution of turnover product area Stressless®: (Mill. NOK) 2. kvartal nd Quarter

7 Distribution of turnover product area Stressless®: (Mill. NOK) 2. kvartal nd Quarter

88 Distribution of turnover product area Stressless®: (Mill. NOK) 2. kvartal nd Quarter

9 Contribution margin by product areas: 2. kvartal nd Quarter

10 Development in relative factors: 2. kvartal nd Quarter

11 Development in direct salaries at the factories: (Based on factory price, year-end bonus not included) 2. kvartal nd Quarter

12 Total contribution and operating margin : 2. kvartal nd Quarter

13 Development in Pre-tax margin (EBT) and Operating result (EBIT): 2. kvartal nd Quarter

14 Development in Pre-tax margin (EBT): 2. kvartal nd Quarter

15 Development EPS fully diluted (Figures in NOK) : 2. kvartal nd Quarter

16 Income Statement (mill. NOK) : H1/08H1/07Changes Operating revenues1, %1, %2.7% Materials % %11.1% Salaries and social costs % %4.5% Other operating expenses % %0.0% Depreciation % %7.3% Total operating costs1, %1, %5.0% Operating result % %-8.2% Net financial income/expenses Profit/loss currency exchange % -0.5% % -0.3% Ordinary result before taxes % %-10.3% Calculated taxes ordinary result % %-13.1% Ordinary result after taxes % %-9.0% EPS kvartal nd Quarter

17 Income Statement (mill. NOK) : 2. kvartal nd Quarter Q2/08Q2/07Changes Operating revenues % %4.5% Materials % %11.0% Salaries and social costs % %3.9% Other operating expenses % %-0.2% Depreciation % %6.6% Total operating costs % %4.7% Operating result % %3.7% Net financial income/expenses Profit/loss currency exchange % -0.9% % -0.7% Ordinary result before taxes % %-0.2% Calculated taxes ordinary result % %-2.8% Ordinary result after taxes % %1.0% EPS

18 Income Statement – 1 July/ 30 June (mill. NOK) : Changes Operating revenues2, % %3.6% Materials % %16.9% Salaries and social costs % %1.4% Other operating expenses % %3.6% Depreciation % %6.0% Total operating costs2, %2, %6.8% Operating result % %-9.7% Net financial income/expenses Profit/loss currency exchange % -1.0% % -0.5% Ordinary result before taxes % %-13.6% Calculated taxes ordinary result % %-18.4% Ordinary result after taxes % %-11.2% EPS kvartal nd Quarter

19 H1/08Q1/08CHANGES Total Long Term Assets Inventories Trade Debtors Other Current Assets Value of forward contracts Cash and Bank Deposits Total Current Assets TOTAL ASSETS1,727.31, Total Equity1,118.61, Provisions and Commitments Long Term Liabilities (interest) Bank131.9 Trade Creditors Taxes, VAT and national insurance Other current liabilities Total Liabilities TOTAL EQUITY AND LIABILITIES1,727.31, Balance Sheet (mill. NOK) : 2. kvartal nd Quarter

20 Balance Sheet (mill. NOK) : 2. kvartal nd Quarter H1/08H1/07CHANGES Total Long Term Assets % Inventories % Trade Debtors % Other Current Assets % Value of forward contracts % Cash and Bank Deposits-6.6 Total Current Assets % TOTAL ASSETS1,727.31, % Total Equity1,118.61, % Provisions and Commitments % Long Term Liabilities (interest) % Bank Trade Creditors % Taxes, VAT and national insurance % Other current liabilities % Total Liabilities % TOTAL EQUITY AND LIABILITIES1,727.31, %

21 EQUITY H1/08H1/ EQUITY AT START OF PERIOD1,265.41,159.5 Profit of the year Dividend Purchase of own shares-7.9 Sale of own shares Translation differences and other Change value of forward contracts EQUITY AT END OF PERIOD1,118.61,101.41, kvartal nd Quarter

22 Development in cash-flow and bank deposits (Mill.NOK) : 2. kvartal nd Quarter

23 Development in Total Capital, Net-working Capital and Equity (mill. NOK) 2. kvartal nd Quarter

24 Cash Reserve (million NOK) : 2. kvartal nd Quarter

25 Development in Operating Revenue per market (million NOK) 2. kvartal nd Quarter

26 Development in Operating Revenue per market (million NOK) 2. kvartal nd Quarter

27 Development in Operating Revenue per market (million NOK) 2. kvartal nd Quarter

28 Coming events: 06 November 2008: Announcement of Q3/08 result 07 November 2008: Presentation of Q3/08 result 2. kvartal nd Quarter

29 Questions? 2. kvartal nd Quarter

30 Largest shareholders ( ) 1.Nordstjernan AB, SWE10.16% 2.State Street Bank, USA 10.06% 3.Folketrygdfondet, NOR 9.72% 4.JP Morgan Chase Bank, GBR 6.76% 5.Skandinaviska Enskilda, SWE 5.30% 6.Pareto Aksje, NOR 4.31% 7.Handelsbanken Helsinki, FIN 3.37% 8.Berit Ekornes Unhjem, NOR 2.89% 9.Oslo Pensjonsforsikring, NOR 2.88% 10. JP Morgan Chase Bank, GBR 2.72% Other shareholders approx. 2, % Proportion:Norwegian shareholders60.2% Foreign shareholders39.8% 2. kvartal nd Quarter

31 Board of DirectorsGroup Management Olav Kjell Holtan Gry Hege Sølsnes Stian Ekornes Kjersti Kleven Torger Reve Nora Förisdal Larssen Employee Representatives: Arnstein Johannesen Tone Helen Hanken Atle Berntzen CEO: Nils-Fredrik Drabløs Phone: Mobile: COO:Øyvind Tørlen Phone: Mobile: CFO: Robert Svendsen Phone: Mobile: Marketing Director: Runar Haugen International Marketing Director: Svein Lunde 2. kvartal nd Quarter