Second quarter summary The financial results of both GN Netcom and GN ReSound were in line with expectations. Second quarter 2008 highlights • Total GN revenue was DKK 1,363 million. Exchange rate fluctuations impacted revenue by (8)% compared to Q2 2007 and organic growth was positive by 1%. • Total EBITA was DKK 38 million. • GN Netcom revenue was DKK 584 million, equivalent to 3% organic growth. • GN Netcom EBITA was DKK (28) million, or DKK (3) million exclusive of nonrecurring costs of DKK 25 million. • In June, GN Netcom launched a comprehensive restructuring program to turn around the Mobile division's unsatisfactory earnings and to strengthen profitability in CC&O Headsets. • GN ReSound revenue was DKK 776 million, equal to organic growth of (1)%. • GN ReSound EBITA was DKK 72 million. • GN ReSound is continuing the turnaround in order to improve growth and earnings. • After the second quarter has been concluded, Peter U. Scheel has been appointed new head of Global R&D in GN ReSound. Full-year guidance • GN's forecast for EBITA is in line with the previous guidance. • EBITA for GN Netcom: DKK 125-175 million excluding non-recurring items of approximately DKK 150 million. • EBITA for GN ReSound: DKK 250-300 million. For further information, please contact: Jens Bille Bergholdt VP, Finance, IR & Communications GN Store Nord A/S Tel: +45 45 75 00 00