Stock Exchange Release no. 11 - Conclusion of transaction on Russian activities
14 March 2005

Columbus IT Partner A/S - Banemarksvej 50C - DK- 605 Brøndby
Tel.: +45 70 20 50 00 - Fax: +45 70 25 07 01
CVR-no,: 13228345

Stock Exchange Release no. 11/2005
Conclusion of transaction on Russian activities

On 28 February 2005 Columbus IT Partner concluded an agreement on acquiring the
Russian activities. The agreement was concluded today, and the activities are
now 100% owned via a Cypriot subsidiary, cf. Stock Exchange Release no. 9/2005
(28 February 2005). 

A total of 1,110,637 shares are involved, corresponding to a capital increase
of 2.8%. The capital increase is being made under the Board's authorisation and
without prior rights for the Company's existing shareholders. This will have am
positive effect on Columbus IT Partner's equity of approx. DKK 17.4m. 

The capital increase is being made by the Board exercising its authorization in
Art. 5.1 of the Articles of Association, according to which the Board is
empowered until 22 December 2009 to increase the Company's share capital in one
of more tranches by up to DKK 36,097,498 ( nom.). Following the directed issue,
DKK 34,709,201 (nom.) of the Board's authorization will remain. In increasing
the share capital at market rates, including as consideration for the Company's
acquisition of an existing company or other assets, the Board may decide that
the capital increase shall be without pre-emptive rights for the Company's
existing shareholders. The new shares will have the same rights as existing
shares. Immediately after registration of the capital increase at the Danish
Commerce & Companies Agency, the new shares will be listed under the same funds
code as hitherto.