Announcement No. 9 2008 29. April 2008 Profit announcement for the first quarter of 2008 After being appointed CEO of Danware in February 2008, Kurt Groth Bager has launched a number of initiatives aiming to create a streamlined and focused sales organisation and a value-creating and profitable platform for existing and future products rooted in customer needs and general technology developments. Q1 revenue fell short of expectations, but the performance improved towards the end of the quarter. The new initiatives are expected to have a visible effect on revenue and profits over the next three quarterly periods. We retain our guidance for 2008. Danware launched two now products in the first quarter, NetOp® School 5.5 and NetOp® Instruct 5.5. The new products were launched in support of recent initiatives to drive Education business area revenues to a substantially higher level. Q1 revenue was DKK 16.5m, a 30% drop from DKK 23.4m in Q1 2007. EMEA revenue fell by 34% relative to the year-earlier period, and revenue in the Americas declined by 18%. Q1 Desktop Management revenue was DKK 13.5m, as compared with DKK 18.0m in Q1 2007. Q1 Education revenue was DKK 2.9m, as compared with DKK 4.9m in Q1 2007. EBITDA was a loss of DKK 12.3m in Q1 2008 against a profit of DKK 0.1m in the same period of last year. EBIT was a loss of DKK 13.8m in Q1 2008 compared with a loss of DKK 1.7m in Q1 of last year. The decline was mainly due to the drop in sales as well as higher staff and marketing costs as well as an increase in external consultants' fees. Danware incurred a net loss of DKK 8.9m in Q1 2008 against a DKK 0.7m loss in the year-earlier period. We retain the full-year forecast of revenue of DKK 100-110m and an EBITDA loss of about DKK 10m for 2008. Contact Kurt Bager, CEO, tel. +45 4590 2525, e-mail kgb@danware.dk Danware's core business is to develop and market software products based on the NetOp® core technology - a technology enabling swift, secure and seamless transfer of screens, sound and data between two or more computers. The company's two product areas are Desktop Management and Education. The core product in Desktop Management, NetOp® Remote Control, enables remote control of one or more distant computers. NetOp® School, the core product in Education, is a software application for computer-based classroom teaching. All are plug ‘n play products offering extensive functionality, flexibility and user-friendliness. Danware's products are sold in more than 80 countries. In 2007, the company generated revenue of DKK 85.3m. Danware's shares are listed on the Copenhagen Stock Exchange and are a component of the Small Cap+ index. Danware operates wholly owned subsidiaries in the United States, the UK and Germany. For more information, go to www.danware.com. Translation In the event of any inconsistency between this document and the Danish language version, the Danish language version shall be the governing version.