1. Q3 2001 Presentation 1 st November, 2001

2. Overall Performance 3 rd Quarter 2001 l Revenues of MNOK134 - up 24% from Q300. l Gross profit margins maintained l Accelerated R&D spending l Restructuring cost of MNOK 6,6 l Earnings before tax of MNOK - 8,1

3. Overall Performance as of 30th Sep 01 l Revenue growth of 32% to MNOK 388 l 10% organic revenue growth l EBITDA of MNOK 25, ex. merger- & restructuring costs. l Profitability remains too low

4. Consolidated Income Statement

5. Consolidated Balance Sheet

6. Consolidated Cash Flow Statement

7. Production Management (DIACS & IRPM) l 49 vs. 40 PDMS inst. in 01 vs. 00 l iRPm pilot installed at Huldra. Implementation ongoing. l Norne dispute settled. No profit element. l Accelerated R&D spending in Q3 l YTD incremental costs of MNOK 4 on international efforts l Largest single PDMS contract award this year in Asia Pacific l Successful PROMAC re-installation with Caltex Indonesia

8. Software & Services l Slow July and August for SW l Incremental revenues of MNOK 3 in Sep. from NHY contract l Turned Services profitable l Strong Q300 both SW & Services l EBIT margin YTD 10,3% vs 6,5% in 2000

9. Flow Measurement l 27 % revenue growth YTD on 2000 restated l Gross margin gradually improving. l Penalty cost provision of MNOK 2 in Q3 l Q3 order intake of 13 MPM meters. l Breakthrough on deepwater in GoM with 3 Sub Sea meters to Nakika field

10. Quarterly Consolidated Revenues (MNOK)

11. Quarterly Consolidated EBITDA (MNOK)

12. Software & Services - Quarterly Revenues (MNOK)

13. Software & Services - Quarterly EBITDA (MNOK)

14. Production Management - Quarterly Revenues (MNOK)

15. Production Management - Quarterly EBITDA (MNOK)

16. Flow Measurement - Quarterly Revenues (MNOK)

17. Flow Measurement - Quarterly EBITDA (MNOK)

18. Outlook l Software & Services: l Efforts focused on 2D to 3D transition l Large Accounts international potential l SW based Services increasing l Production Management: l Backlog of MNOK 97 l PDMS activity increasing world wide l Increasing PROMAC prospects l Flow Measurement: l Backlog of MNOK 36 l Strong sales pipeline. Market remains buoyant. l Technology acceptance leading to larger contracts