Quarterly Report first quarter 2014

Highlights

• Group revenues in the first quarter increased by 2% to NOK 299 million
• Circulation revenue was stable, while advertising revenue fell by 3% and service revenue rose by 15%
• EBITDA was negative NOK 7 million, compared with a surplus of NOK 2 million in the first quarter of 2013
• There was an operating loss of NOK 18 million, compared with a loss of NOK 7 million in 2013
• Global increased revenue by 10 % in the first quarter and advertising revenue increased 19 %, however the operating result remained negative
• Several new digital products were launched during the first quarter