First quarter summary The financial results of both GN Netcom and GN ReSound were in line with expectations. First quarter 2008 highlights • Total GN revenue was DKK 1,411 million. Exchange rate fluctuations impacted revenue by (6)% compared to Q1 2007. • Total EBITA was DKK 27 million. • GN Netcom revenue was DKK 636 million, equivalent to (8)% organic growth. • GN Netcom EBITA was DKK 3 million, or DKK 8 million exclusive of non-recurring costs of DKK 5 million. • GN ReSound revenue was DKK 772 million, equal to positive organic growth of 1% driven by “dot by ReSound™”. • GN ReSound EBITA was DKK 31 million. • Henrik Juuel appointed new CFO of GN ReSound. Full-year guidance • GN's forecasts for revenue and earnings are in line with the guidance provided on February 21. • EBITA for GN Netcom: DKK 125-175 million excluding non-recurring items of approximately DKK 75 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