Re 1.

Deputy Chairman Jørgen Cadovius accounted for the Company's acquisition of the
shares in Guideix A/S in an effort to ensure Columbus IT Partner A/S a new
industry solution and expert knowledge within the segment wholesale and steel
industry. The acquisition took place as part of the Company's expressed
strategic focus on building unique industry specific solutions within carefully
selected industries. 

The agreement was, as also announced, entered into between related parties as
Consolidated Holdings A/S which is the major shareholder of Columbus IT Partner
A/S owned more than 85% of the shares in Guideix A/S. 

The transaction was completed as a non-capital contribution and a valuation
report was completed by an impartial expert valuer who determined that the
value of the deposited shares in Guideix A/S corresponded to the consideration
agreed, including the nominal amount of the shares (plus premium) which were
issued in Columbus IT Partner A/S. 

The valuation report which was made public in connection with the stock
exchange release of September 30th 2009 was completed by the valuer on the
basis of an appraisal of Guideix A/S made by Ernst & Young Transaction Advisory
Services which estimated that the enterprise value of Guideix A/S was within
the span of DKK 25 - 30M. 

Based on the interest bearing debt in Guideix A/S, which at the time amounted
to DKK 15M, the value of the non-capital contribution shares was conservatively
fixed at DKK 6M. 

Chairman of the board Ib Kunøe did not participate in the decision of Columbus
IT Partner A/S' acquisition of the shares in Guideix A/S. The decision was
unanimously made by the remaining board members. 

It is the board's opinion that all other board members were competent when the
decision was made. 

Re 2.

The proposal of examination, cf. the Danish Companies Act, sec. 150, of the
Company's acquisition of Guideix A/S which was announced on September 30th 2009
was not passed as none of the participants voted for the motion. 

Re 3.

Chairman of the board Ib Kunøe accounted for the circumstances in connection
with the Company's agreement with Microsoft concerning a sale of the Company's
retail industry solution RCM to Microsoft which in all is as was announced on
September 22nd 2009 where the final agreement was concluded and the duty of
disclosure thus occurred. 



On December 1st 2008 Microsoft and Columbus IT Partner A/S entered into an
agreement regarding phase 2 of the Industry Builder agreement. The duration of
the agreement was 3 years. On December 2nd 2008 an amendment to this agreement
was made wherein Microsoft was given an option to acquire the RCM solution
which would be developed within 10 months under the agreement. The terms of the
option were that the Company received USD 400,000 for further development and
that the software could not be sold to another party within the agreed period.
If Microsoft was to utilize the option they would have to pay the Company USD
8,000,000 for the solution and Columbus IT Partner A/S was to deliver 7,000
additional developing hours. 

The utilization of this option thus solely depended on Microsoft's decision and
the management of the Company considered it very uncertain if Microsoft would
utilize the option on the agreed conditions. From the management's point of
view the utilization of the option was linked with such great uncertainty that
an announcement of the option agreement would be misleading and would risk
creating unjustified expectations. The management would not be able to announce
this uncertainty without materially damaging the Company's negotiation position
with Microsoft. 

On July 20th 2009 Microsoft informed the Company that Microsoft had acquired
Landsteiner's Retail software solution and thus did not need to buy the RCM
solution from the Company. Nevertheless Microsoft offered USD 1,000,000 for the
Company's RCM solution. After 2 months of negotiation the parties managed to
agree on an agreement where Microsoft purchased the RCM solution at a price of
USD 5,000,000. This agreement was announced on September 22nd 2009 immediately
after it had been concluded. 

Re 4.

The proposal of an initiation of an examination, cf. the Danish Companies Act,
sec. 150, of the Company's sale of the retail industry solution RCM which was
announced on September 22nd 2009 was not passed as none of the participants
voted for the motion. 

Re 5.

No proposals were made regarding additional board members, thus the existing
Board of Directors will continue. 





Jørgen Cadovius			Claus True Hougesen
Deputy Chairman			Board Member
Columbus IT Partner A/S		Columbus IT Partner A/S









Translation: In the event of any inconsistency between this document and the
Danish language version, the Danish language version shall be the governing
version.