1. Third Quarter 2006 interim report Petri Markkanen CEO Birdstep Technology

2. Agenda 1.Third quarter 2006 Highlights Financial figures 2.Market outlook

3. Financial Highlights Third quarter consolidated revenue is NOK 11.5 million, an increase with 35% compared to third quarter 2005 Third quarter wireless revenue is NOK 7.8 million, an increase with 136% compared to third quarter 2005. Cash flow from operations improved with 68% to NOK (3.4) million. Net group cash flow at NOK (1.5) million Operating results now positive for both the Laptop portfolio and the embedded database segment.

4. Business Highlights Birdstep Technology and TeleVentures Private Equity establish a 55% - 45% owned joint venture, VoiceRoaming AS for the development, marketing and sales of Mobile VoIP products. Quarterly laptop license activation increased with 14% for third quarter 2006, representing year-on-year growth of close to 100% from the same period 2005 TMN Portugal makes successful nationwide launch with new Birdstep client solution.

5. Income Statement

6. Balance Sheet

7. Cash Flow Statement

8. Consolidated quarterly Performance

9. Wireless quarterly performance

10. Wireless Revenue Performance

11. Quarterly license activation report

12. Agenda 1.Second quarter 2006 Highlights Financial figures 2.Market outlook

13. Laptop Market The laptop connectivity market is expected to grow with at least 450% by 2011 The number of embedded modems will exceed the number of PC-cards by 2009

14. Smartphone Market The Smartphone market with built-in Wi-Fi capabilities is in an early proof-of- concept phase The Smartphone market will grow from 1.9 million phones 2006 to 328 million phones by 2011

15. VoiceRoaming Technology AS The new Birdstep subsidiary for the development, marketing and sales of Mobile VoIP products. Birdstep own 55% and provides technology and competence TeleVenture Private Equity KS own 45% and provide all funds and as well as the first customer, Mobyson. Birdstep will get complete mobile data portfolio with mobile Voice over IP for market deliveries in 2007

16. Mobile VoIP market

17. In conclusion Quarterly laptop client license activations increased with 14% compared to second quarter 2006 with year on year quarterly growth continuously close to 100% The Smartphone market with built-in WiFi capabilities will grow from 1.9 million phones shipped 2006 to 328 million phones by 2011 The Mobile VoIP market for WiFi capable phones will grow from 7.8 million phones shipped in 2007 to 100 million phones by 2011 Birdstep believes in solid revenue growth on a full year basis and in substantial revenue growth 2007 when adding commercial deployments from Smartphone portfolio

18. Safe Harbor Statement This news release contains forward-looking statements, including statements that are subject to certain risks and uncertainties, including, but not limited to, those associated with unpredictability and volatility of the price of the Company's Common Stock, the performance of and conditions in the Norwegian and world financial markets, the policies and actions of the Norwegian and other governments, and the general political, economic and business conditions in Norway and elsewhere. Actual results could differ materially, as a result of such factors, from those set forth in forward-looking statements

19. Thank you for your attention! Birdstep Technology www.birdstep.com Email:petri.markkanen@birdstep.com