1. 1 EKORNES ASA 1 st Quarter 2009 1. kvartal 2009 1 st Quarter

2. 22 Ekornes Q1 - Headlines: 1. kvartal 2009 1 st Quarter Ekornes presenting solid figures EBIT MNOK 108.0 (Q1/08: MNOK 101.0) EBT MNOK 87.3 (Q1/08: MNOK 101.1). Down due to currency effects (MNOK -20.5 compared to MNOK -1.0 in Q1/08) Operating revenue slightly increased (+2.8%) due to currency effects and reduced inventory. Down 4% using fixed exchange rates In general, market still challenging and uncertain. No sign of improvement Order income slightly up, however down 4.3% using fixed exchange rates Strong growth in Central Europe (+12.6%) – despite a weak market Decline in order income in most other markets Production capacity – Stressless® down 13% - also in Q2 (1,500 seats/1,700 seats) Svane® – improved distribution in Norway as from June Good order income April 2009. Order book building up. Full capacity utilisation expected in Q2 (However at a lower level than 2008). Better development in Stressless® chair than Stressless® sofa Foreign exchange position good. Raw material prices continuing down

3. 3 Development in Operating Revenue 1. kvartal 2009 1 st Quarter

4. 44 Development in Operating Revenue 1. kvartal 2009 1 st Quarter

5. 55 Operating revenue by product area ( Mill.NOK) 1. kvartal 2009 1 st Quarter

6. 66 Operating revenue: Product area Stressless® (Mill. NOK) 1. kvartal 2009 1 st Quarter

7. 77 Contribution margin by product area 1. kvartal 2009 1 st Quarter

8. 88 Development in direct costs 1. kvartal 2009 1 st Quarter

9. 99 Development in direct salaries at the factories (Based on factory revenues, year-end bonus not included) 1. kvartal 2009 1 st Quarter

10. 10 Contribution and operating margin (EBIT) 1. kvartal 2009 1 st Quarter

11. 11 Development in Operating result (EBIT) and Pre-tax margin (EBT): 1. kvartal 2009 1 st Quarter

12. 12 1. kvartal 2009 1 st Quarter Development in Operating result (EBIT) and Pre-tax margin (EBT):

13. 13 Development EPS fully diluted (Figures in NOK) 1. kvartal 2009 1 st Quarter

14. 14 Income Statement (mill. NOK) 1. kvartal 2009 1 st Quarter Q1/09Q1/08Changes Operating revenues695.3100.0%676.5100.0%2.8% Materials187.426.9%175.826.0%6.6% Salaries and social costs176.625.4%196.129.0%-9.9% Other operating expenses196.028.2%177.826.3%10.3% Depreciation27.33.9%25.83.8%5.6% Total operating costs587.384.5%575.585.1%2.0% Operating result108.015.5%101.014.9%6.9% Net financial income/expenses Profit/loss currency exchange -0.2 -20.5 -0.0% -3.0% 1.1 0.2% -0.2% Ordinary result before taxes87.312.5%101.114.9%-13.7% Calculated taxes ordinary result-26.7-3.8%-30.8-4.5%-13.3% Ordinary result after taxes60.68.7%70.310.4%-13.8% EPS1.651.91

15. 15 Income Statement 1 April- 31 March (mill. NOK) 1. kvartal 2009 1 st Quarter 08/0907/08Changes Operating revenues2,691.9100.0%2,580.5100.0%4.3% Materials688.025.6%664.525.7%3.5% Salaries and social costs657.424.4%710.227.5%-7.4% Other operating expenses755.428.1%665.325.8%13.5% Depreciation121.44.5%97.83.8%24.2% Total operating costs2,222.182.5%2,137.782.8%4.0% Operating result469.717.5%442.817.2%6.1% Net financial income/expenses Profit/loss currency exchange -4.6 18.0 -0.2% 0.6% 3.0 -24.6 0.1% -1.0% Ordinary result before taxes483.117.9%421.216.3%14.7% Calculated taxes ordinary result-145.2-5.3%-125.7-4.9%13.9% Ordinary result after taxes337.912.6%295.511.4%14.4% EPS9.188.02

16. 16 Balance Sheet (mill. NOK) 1. kvartal 2009 1 st Quarter Q1/09Q1/08CHANGES Total Long Term Assets978.0914.86.9% Inventories246.9232.86.1% Trade Debtors431.5359.520.0% Other Current Assets35.229.718.5% Value of forward contracts-71.0 Cash and Bank Deposits183.6202.2-9.2% Total Current Assets897.2895.20.2% TOTAL ASSETS1,875.21,810.03.6% Total Equity1,323.81,322.10.1% Provisions, commitments, deferred tax28.633.8-15.4% Trade Creditors116.3120.6-3.6% Taxes, VAT and national insurance Value of forward contracts 105.4 63.4 90.0 - 17.1% Bank loans26.938.1-29.4% Other current liabilities210.8205.42.6% Total Liabilities551.4487.913.0% TOTAL EQUITY AND LIABILITIES1,875.21,810.03.6%

17. 17 Q1/09Q4/08CHANGES Total Long Term Assets978.01,047.3-69.3 Inventories246.9285.2-38.3 Trade Debtors431.5402.329.2 Other Current Assets35.235.8-0.6 Cash and Bank Deposits183.6149.234.4 Total Current Assets897.2872.524.7 TOTAL ASSETS1,875.21,919.8-44.6 Total Equity1,323.81,103.5220.3 Provisions, commitments, deferred tax28.628.40.2 Trade Creditors116.3106.49.9 Taxes, VAT and national insurance Value of forward contracts 105.4 63.4 155.3 297.0 -49.9 -233.6 Bank loans26.952.3-25.4 Other current liabilities210.8176.933.9 Total Liabilities551.4816.3-264.9 TOTAL EQUITY AND LIABILITIES1,875.21,919.8-44.6 Balance Sheet (mill. NOK) 1. kvartal 2009 1 st Quarter

18. 18 EQUITY Q1/09Q1/082008 Result after taxes and before other comprehensive income 60.670.3347.6 Other comprehensiv income: Actuarial gains on defined benefit plans---4.8 Change in deferred tax – pensions--1.3 Change in value cash-flow hedging233.6-16.0-384.0 Change in deferred tax – cash flow hedging-65.44.5107.5 Translation differences2.4-2.111.5 Translation differences – net financing subsidiaries-15.2-48.9 Change in deferred tax – net financing subsidiaries4.3--13.7 Total other comprehensive income159.7-13.6-233.3 Total comprehensive income220.356.7114.3 Equity at the beginning of the period1,103.51,265.4 Total comprehensive income220.356.7114.3 Dividend paid out---276.2 Equity at the end og the period1,323.81,322.11,103.5 1. kvartal 2009 1 st Quarter

19. 19 Development in cash-flow and bank deposits (Mill.NOK) 1. kvartal 2009 1 st Quarter

20. 20 Development in Total Capital, Net-working Capital and Equity (mill. NOK) 1. kvartal 2009 1 st Quarter

21. 21 Operating revenue per market (Mill. NOK) 1. kvartal 2009 1 st Quarter

22. 22 Operating revenue per market (Mill. NOK) 1. kvartal 2009 1 st Quarter

23. 23 Coming events: 17 August 2009: Announcement of Q2/09 result 18 August 2009: Presentation of Q2/09 result 10 November 2009: Announcement of Q3/09 result 11 November 2009: Presentation of Q3/09 result 1. kvartal 2009 1 st Quarter

24. 24 Questions? 1. kvartal 2009 1 st Quarter

25. 25 Largest shareholders (31.03.2009) 1.Nordstjernan ABSWE11.73% 2.State Street BankUSA9.83% 3.FolketrygdfondetNOR9.72% 4.JP Morgan Chase BankGBR6.79% 5.Orkla ASANOR5.14% 6.Skandinaviska EnskildaSWE4.65% 7.Pareto Aksje NorgeNOR4.32% 8.Handelsbanken HelsinkiFIN3.37% 9.Berit Ekornes UnhjemNOR2.89% 10.Oslo PensjonsforsikringNOR2.88% Other shareholders approx. 2,742 38.68% Proportion:Norwegian shareholders47.1% Foreign shareholders52.9% 1. kvartal 2009 1 st Quarter

26. 26 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 nils.fredrik.drablos@ekornes.no Phone: +47 70 25 52 28 Mobile: +47 90 01 78 92 COO:Øyvind Tørlen oyvind.torlen@ekornes.no Phone: +47 70 25 52 22oyvind.torlen@ekornes.no Mobile: +47 97 11 19 79 CFO: Robert Svendsen robert.svendsen@ekornes.no Phone: +47 70 25 52 13 Mobile: +47 91 89 50 24 Marketing Director: Runar Haugen International Marketing Director: Svein Lunde 1. kvartal 2009 1 st Quarter