Year-End-Report Aspiro AB,
1 January - 31 December 1999

The year in brief
- As expected, net sales during the financial year amounted to SEK 7,540
thousand (SEK 292 thousand).
- The net loss for the year was, as expected, SEK -25,459 thousand (SEK -
4,844 thousand).
- Earnings per share (excluding outstanding options) were SEK - 4.81 (SEK
-1.08). The average number of shares during the year, adjusted for bonus
issues and splits, was 5,291,667 (4,500,000). With the dilution effect of
issued warrants taken into account, earnings per share were SEK - 4.55
(SEK -1.06).
- Investment in tangible fixed assets during the year amounted to SEK 85
thousand (SEK 96 thousand).
- The board of directors shall recommend to the annual general meeting
that no dividend be distributed for the financial year.
- As part of Aspiro's stated growth strategy, Midab was acquired with
possession to take effect on 1 January 2000, and a letter of intent was
signed for the acquisition of Telesta.
- Aspiro established the company in four new cities during the year. In
addition to existing offices in Malmö and Karlskrona, the company opened
offices in Oslo and Stockholm. Through the acquisition of Telesta, Aspiro
is also represented in Boston and Hong Kong.