Stock Exchange Release no. 13 - Results of capital increase at Columbus IT
Partner A/S 
4th July 2003

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

Stock Exchange Release no. 13/2003

Results of capital increase at Columbus IT Partner A/S

In the period 19th June - 2nd July 2003, Columbus IT Partner A/S made an
offering of up to 32,143,980 new shares at a face value of DKK 1.25. 24,107,985
shares were subscribed, equivalent to 75% of the offering, underwritten by
Nordea Bank Danmark A/S and Gaardboe Holding ApS. 

On the basis of prior rights, 12,240,882 shares were taken up, including
9,500,000 shares subscribed by Gaardboe Holding ApS under an undertaking as per
the Prospectus dated 3rd June 2003. In accordance with its underwriting
guarantee, Nordea Bank Danmark A/S took up 14,607,985 shares, bringing the
total subscription to 26,848,867 shares, corresponding to 84% of the entire
offering. The capital increase takes Columbus IT Partner A/S' share capital to
DKK 43,606,077.50, allocated as 34,884,862 shares of DKK 1.25. 

As a result of Nordea Bank Danmark A/S's having subscribed for shares under its
underwriting guarantee, following the rights issue Nordea Bank Danmark A/S
holds more than 5% of Columbus IT Partner A/S' share capital. Following the
rights issue, Opin Kerfi hf. holds less than 5% of the share capital. 

The Board of Directors and Management have together subscribed for 9,505,920
shares (with respect to Michael Gaardboe, via Gaardboe Holding ApS). 
As described in the Prospectus, the total proceeds of DKK 80.5m will be applied
as follows: DKK 23.5m for conversion of debt to Gaardboe Holding ApS, DKK 43.8m
for conversion of debt to Nordea Bank Danmark A/S, DKK 6.6m for the cost of the
rights issue and DKK 6.6m for strengthening Columbus IT Partner's capital
resources. 

As at 30th June 2003, Columbus IT Partner has been able to fully exercise its
DKK 35m factoring facility with Nordea Bank and has therefore not as expected
had to make use of the option described in the Prospectus of transferring up to
DKK 9.6m from its factoring facility for normal operating purposes. Columbus IT
Partner has also not needed to utilize temporary overdraft facilities of up to
DKK 4.4m. As a result of the rights issue, Columbus IT Partner's cash funds
improved by DKK 8.2m compared to the underwritten guaranteed subscription. 

The result of the rights issue means that Columbus IT Partner's equity at
year-end 2003 will, on the basis of the most recently expressed forecasts (net
sales of the order of DKK 550m, EBITDA at Stock Exchange Release no. 13 -
Results of capital increase at Columbus IT Partner A/S 4th July 2003 

DKK 20 - 25m and earnings before tax and minority interests of the order of DKK
-20m), be approximately DKK 26m which is more than half the post rights issue
share capital of DKK 43.6m. Current expectations for 2003 thus reduce the risk
of losing more than half the Company's share capital by year-end 2003 or
earlier as mentioned in the Prospectus. 

The new shares will be listed by Copenhagen Stock Exchange on 8th July 2003
under securities identification codes DK001029878-5. When the capital increase
has been registered with the Danish Commerce and Companies Agency, the
securities codes will be amalgamated. 

Niels Heering           Carsten Dilling
Chairman of the Board   Chief Executive Officer
Columbus IT Partner A/S Columbus IT Partner A/S

For further details, please contact:
CEO Carsten Dilling or Business Development Executive Jan Bitterhoff. Tel.: (+
45) 70 20 50 00.