Report 4Q 2009 and preliminary accounts 2009

Record revenue and positive net results for 2009

24SevenOffice ASA had a record revenue of MNOK 20.2 for 4Q09, and record yearly
revenue of MNOK 74.7 for 2009, up 47% compared to 2008. Positive operating
profit before depreciation (EBITDA) of MNOK 1.3 for 4Q09, the third consecutive
quarter with positive EBITDA. Positive net results of MNOK 11.1 for the year
2009.


Highlights 4Q 2009:

 · Record revenue of MNOK 20.2 in 4Q09 and record revenue of MNOK 74.7 for
2009, up 47% compared to 2008.
· Positive net results of MNOK 19.2 for 4Q09 and positive net results of MNOK
11.1 in 2009.
· Positive EBITDA of MNOK 1.3 in 4Q09, the third consecutive quarter with
positive EBITDA.
· Cash from operations improved with MNOK 1.7 in 4Q09.
· Operating revenue in Sweden up 120% from 4Q08.
· Software revenue up 57%, compared to 4Q08.
· Industrial research and development funding from Innovation Norway of MNOK
1.5 in 1Q10 for developing an advanced project management system for project-
and knowledge-intensive organizations.
· Agreed to acquire the ip-telephone company Phonzo AS and critical technology
and customer contracts from the demerged outsourcing company NetClient AS in
1Q10 with total yearly revenue of approximately MNOK 19. Both companies are
profitable.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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