NOVACAST TECHNOLOGIES LTD. PRESS RELEASE OF UNAUDITED EARNINGS, JANUARY-DECEMBER 2008 SE556211079001

January - December 2008


• Net sales for the period increased by 60 % to 105 MSEK (65,8)
• Result after tax was -22,4 MSEK (-5,5)
• Operating loss for the period was -23,4 MSEK (-6,2)
• Operating loss charged with one-off items with a net effect of -6,1 MSEK
• Earnings per share were -1,65 SEK (-0,44)
• Order intake was 151,6 MSEK (56,7) and backlog of orders was 58,2 MSEK (9,4) 
• Acquisition of SwePart Verktyg AB strengthens Camito concept
• Camito Technology Center (CTC) opened - high start-up costs during the year
• Entry onto wind power industry for CTC - first order worth approx. 30 MSEK
goes into production in 2009 
• Camito patent approved in China
• Excellent machining data for Graphyte 350
• New shares issue 20 MSEK conducted in July
• 26 employees were given notice of dismissal in December as a result of the
crisis in the automotive industry 


October - December 2008


• Net sales for period increased by 113 % to 39,1 MSEK (18,3) 
• Result after tax was -26,8 MSEK (-2,1) 
• Operating loss during period was -28,8 MSEK (-2,1) 
• Operating loss charged with one-off items -14,9 MSEK
• Earnings per share were -1,97 SEK (-0,17)
• Volvo order for Camito castings

Important events after report period

• Camito order from Läpple - leading European manufacturer of car body parts
• Application for state rescue loan withdrawn - Board counts on securing
company's financing with traditional loans 

Tables and analyses in attached pdf-file.