In Nordicom's announcement of March 5th 2010, the company announced that a conditional agreement had been reached between Nordicom and the company's most significant creditors regarding improving the company's financing conditions. According to the agreement, the banks will, over a period of 3 years, beginning January 1st 2010, freeze and lower interest rates on the bank debt covered by the agreement and lower margins on the mortgage debt. Furthermore, the maturity of the bank debt covered by the agreement has been extended to December 31st 2012. The maturity of the group's mortgage debt is already more than 3 years. In addition, the agreement features a flexible right to accumulate interest payments on the bank loans within an agreed framework. According to the bank agreement, Nordicom A/S is committed to carrying out an increase in the company's share capital of a minimum of DKK 100 m in net proceeds by September 30th 2010 at the latest, and conditional pledges to subscribe of at least DKK 50 m must exist before June 30th 2010. Today, conditional pledges to subscribe of more than DKK 50 m have been received. Thus, the bank agreement is now only conditional on a capital increase of a minimum of DKK 100 m in net proceeds by September 30th at the latest. The company expects that the capital increase will be carried out in Q3 2010. Kind regards, Nordicom A/S Board of directors, For further information/ comments please contact Managing Director of Nordicom A/S, Niels Troen, tel. +45 33339303, mobile: +45 51512342