Stock Exchange Release no. 1 - Statement by the Board of Directors
12 January 2005

Columbus IT Partner A/S - Banemarksvej 50C - DK-2605 Brøndby
Tel.: +45 70 20 50 00 - Fax: +45 70 25 07 01
CVR no.: 13 22 83 45

Stock Exchange Release no. 1/2005

Statement by the Board of Directors in Columbus IT Partner A/S on the mandatory
tender offer from Consolidated Holdings A/S to the other shareholders in
Columbus IT Partner A/S 

The Board of Directors in Columbus IT Partner A/S ("Columbus") hereby submits
its statement on the mandatory tender offer made by Consolidated Holdings A/S
("Consolidated") on 5 January 2005 to Columbus' other shareholders in
compliance with s. 7 of Executive Order no. 827 of 10 November 1999 issued by
the Danish Securities Council. The Chairman of the Board of Directors, Mr. Ib
Kunøe, who is the majority shareholder in Consolidated, did not take part in
the discussion of this statement due to legal incapacity.

As stated in Columbus' Stock Exchange Release no. 17/2004 of 9 December 2004,
Consolidated concluded an agreement with Gaardboe Holding ApS in liquidation
("Gaardboe") and Nordea Bank Danmark A/S ("Nordea") on 9 December 2004
regarding the acquisition of parts of Gaardboe's and Nordea's shareholdings in
Columbus equivalent to 33.18% of the share capital and the voting rights in
Columbus. As part of the agreement, Gaardboe and Nordea transferred the voting
rights on all their shares to Consolidated which now controls 76% of the voting
rights in Columbus. 

As a consequence thereof, Consolidated submitted a mandatory tender offer to
the other shareholders in Columbus on 5 January 2005 in compliance with s. 31
of the Danish Securities Trading Act. The tender offer states the terms of
Consolidated's acquisition of shares from Gaardboe and Nordea, including that
Consolidated acquired the shares from Nordea at the price of DKK 1.50 per share
of DKK 1.25 nominal value and from Gaardboe at the price of DKK 1.00 for
Gaardboe's total shareholding. 

In the mandatory tender offer, the shareholders are offered a cash price of DKK
1.50 per share of DKK 1.25 nominal value with settlement expected on 9 February
2005 for shareholders who accept the offer. It is further set out that any
acceptances submitted are binding and irrevocable. For further details,
reference is made to the specific terms of the mandatory tender offer published
via the Copenhagen Stock Exchange and forwarded to all registered shareholders
in Columbus. In the light of the Board of Directors' preliminary expectations
as described in Columbus' Stock Exchange Release no. 19/2004 dated 22 December
2004 stating that, in 2005, the Columbus Group will achieve revenues in the
order of DKK 615-625 million with an operating profit before depreciation and
amortization (EBITDA) in the order of DKK 35-40 million and pre-tax earnings of
DKK 20-30 million, it is the Board of Directors' view that the mandatory tender
offer from Consolidated does not 
reflect Columbus' value. 

In the opinion of the Board of Directors, Consolidated's entry as the new
financially strong largest shareholder in Columbus will be of benefit to
Columbus in the long term. However, this does notchange the Board of Directors'
expectations with respect to the Columbus Group's revenues or profits as stated
above. 

Consolidated has informed the Board of Directors that the company does not wish
the shareholders to accept the mandatory tender offer which was submitted for
the sole reason that Consolidated was obliged to do so under s. 31 of the
Danish Securities Trading Act. 

On the basis and in the light of the fact that the price of Columbus' shares on
the Copenhagen Stock Exchange has not been lower than DKK 9.5 per share of DKK
1.25 nominal value since the submission of the mandatory tender offer on 5
January 2005, the Board of Directors hereby recommend that the shareholders in
Columbus do not accept the tender offer from Consolidated. 

The Board of Directors of Columbus IT Partner A/S

For further information, please contact: Jan U. T. Bitterhoff, Business
Development Executive, Tel.: +45 70 20 50 00.