2007-04-24 Interim Report No.1 for the financial year 2007 referring to the period January 1 – March 31, 2007

NTERIM REPORT NO. 1 FOR THE FINANCIAL YEAR 2007 REFERRING TO THE PERIOD JANUARY 1 – MARCH 31,2007

STRONG MARKET CONDITIONS AND LARGE INTEREST FOR THE PORTFOLIO COMPANIES

• The Group’s net income amounted to MSEK 14.8 (32.0), corresponding to SEK 0.40 (0.86) per share. Equity amounted to MSEK 618.7 (824.5), amounting to SEK 16.64 (22.17) per share. Cash and cash equivalents, including the remaining proceeds from Nove Capital Fund, amounted to MSEK 266.4 (325.3).

• The four largest private holdings showed continued growth in revenues of between 15% and 50%.

• During the period Novestra received an additional dividend from Continuum of Akamai shares to the value of MSEK 8.4

• The entire holding in Nove Capital Fund has been redeemed for MSEK 300.8, of which a third was paid out in February and and the remaining balance in April. The investment gave a return amounting to MSEK 111.6, or, an appreciation in value of 59% since inception in May 2005.

• The Board of Directors are to propose to the Annual Shareholders Meeting to be held on April 24, 2007, a distribution of SEK 5.00 per share to the shareholders through a redemption procedure whereby each share will be split into two shares, and one share will be redeemed for SEK 5.00.

• A decision regarding Diino has been made due to the positive development in the company. Novestra intends to either distribute the ownership to the shareholders in connection with a listing of the company, or to increase its ownership and consolidate Diino.

“The strong economy is noticeable through strong market conditions for the portfolio companies at the same time the interest for the companies from external investors has increased. We have held discussions in a couple of the portfolio companies regarding strategic opportunities since the beginning of the year, and we have also held discussions with investors who are interested in the entire portfolio” says Novestra’s Managing Director Johan Heijbel.

About AB Novestra
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Bytek Systems AB, Explorica, Inc., MyPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Holdings, Inc.

The Novestra shares are listed on the OMX Nordic Exchange Stockholm. For further information regarding AB Novestra, reference is made to www.novestra.com

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