Stock Exchange Release no. 2 - Preliminary Financial Statement 2002
4 February 2003

Columbus IT Partner A/S - Quintus Bastion - Krudtløbsvej - 1439 Copenhagen K
Telephone: +45 70 20 50 00 - Facsimile: +45 70 25 07 01
CVR-no.: 13 22 83 45

1/1
Stock Exchange Release No. 2/2003

Preliminary Financial Statements for 2002
- small but positive operating profit

Revenues for the year are forecast at more than DKK 600 million, in line with
previously reported 
expectations.

In the process of preparing year-end accounts and determining the final
revenues from sales of distribution and communications activities and
provisions for outstanding accounts, it has proved necessary to correct
earnings figures for 2002, with EBITDA for 2002 falling from DKK 20 million to
about DKK 10 million. 

Columbus IT Partner disposed of its entire holdings in its loss-making
subsidiary in Singapore to local management which had a negative impact on
EBITDA. However, a franchise operation has also been agreed so that in
deference to its international client commitment, Columbus IT Partner will
still have a presence in Asia. 

The impact of these changes on Group liquidity is marginal. Although the above
factors have had a negative impact, they are mainly non-recurring and will have
no future consequences. Accordingly, on the basis of positive trends for sales
in such important markets as Denmark, Norway and Russia over the past three
months, turnover in 2003 is expected to be in line with 2002. Changes to the
structure of ownership in Germany and Sweden, with local managements becoming
joint owners, are also expected to have a favorable impact on EBITDA in future. 

2003 is expected to see significant improvements in the level of EBITDA.
The final annual financial statements and forecasts for 2003 will be reviewed
by the Board of Directors as planned and released on 12 March 2003. 

Carsten Dilling
CEO
Columbus IT Partner A/S
For further details, please contact:

Carsten Dilling, CEO, on (+45) 7020 5000
Jan Bitterhoff, Business Development Executive (+45) 7020 5000