PRESS RELEASE REGARDING INTERIM REPORT NO. 5 (2001/2002) JULY 1, 2001 – SEPTEMBER 30, 2002 FOR AB NOVESTRA (PUBL.)

SUMMARY AND FINANCIAL HIGHLIGHTS

Shareholders’ equity as of September 30, 2002 amounted to MSEK 240.5 (426.5) corresponding to SEK 10.3 (18.2) per share. The result for the current fifteen-month period amounted to MSEK –203.8. During the period, the result and shareholders’ equity have been debited by non-realised write-downs totalling MSEK 114.0 corresponding to SEK 4.9 per share. Solidity amounted to 96.1% (95.3).

Cash and cash equivalents, including investments made within liquidity management, increased during the quarter to MSEK 77.4 corresponding to SEK 3.3 per share. This does not include non-realised surplus values.

During 2002, the development in earnings in most portfolio companies has been positive. For several portfolio companies, the increase in sales has been substantial and both myPublisher and Explorica have developed better than expected in the current market situation.
The majority of the strategic portfolio companies show positive cash flows or are fully financed with present business plans. These companies have all the requirements enabling them to emerge strengthened from the current recession.

For further information please contact Mr Nils Bengtsson, Managing Director, phone No. +46 8 545 017 50.

About AB Novestra

Novestra is an independent venture capital investment company with focus on investments in growth companies providing enabling network technologies and services for the communications industry. Novestra’s portfolio of companies includes B2 Bredband AB, Continuum Group Ltd, Explorica, Inc., myPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Holdings, Inc. Novestra’s shares are listed on the O-List of Stockholmsbörsen.
For information regarding AB Novestra, please see www.novestra.com

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