Trade with shareholdings in a number of partly owned companies and conclusion of franchise agreements

November 21, 2008 at 9:25 AM CET
As announced in the quarterly report for Q3 2007, Columbus IT operates with a
three-headed investment strategy: 
•	Companies in central countries are owned 100%
•	Companies in countries with considerable potential are owned with a minimum
of 51% 
•	Remaining countries are covered by franchise agreements with the possibility
of subsequent ownership 
As part of the planned strategy, Columbus IT now takes the next step towards a
focused breakdown of the Group's geographical distribution. The status of group
companies which do not have critical mass - and are estimated not to obtain
critical mass in the near future - is changed from partnership to franchise. 
In this relation an agreement has been made with the founder of Columbus IT,
Michael Gaardboe, that as of December 1st 2008 his holding company will take
over Columbus IT's shareholdings in the following partly owned companies;
Columbus IT Partner Andino S.A (Columbia), Desarollos Digitales Dedisa S.A.
(Costa Rica), Columbus IT Mexico S.A., Columbus IT Brasilien S.A., Columbus IT
Partner Schweiz AG and Columbus IT Partner Germany GmbH. 
These companies will continue the cooperation with Columbus IT on a franchise
basis. Thus, Columbus IT will maintain the geographical coverage in servicing
our customers, but minimize the risks following from an ownership. The
concluded franchise agreements do not prevent Columbus IT from establishing
larger organizations in these countries at a later time. 
As a result of this agreement with Michael Gaardboe, it has been agreed that
Michael Gaardboe will resign as CEO in Columbus IT as at 1 December 2008.
Thereby, Claus E. Hansen will take up his position as CEO 1 month earlier than
initially planned. 
Furthermore, Columbus IT has concluded negotiations about the purchase of 49%
of the shares in the French subsidiary, and consequently Columbus IT Partner
A/S now owns 100% of the shares in the company. 
These transactions will only have a marginal impact on the result of the
company for 2008, and the previously announced expectations for 2008 are
therefore being maintained, with total revenues in the level of DKK 1,000M and
an EBITDA of DKK 60-65M. As announced previously, the general uncertainty about
the global economy has increased the risks for Q4. 

Ib Kunøe 				
Chairman of the Board		
Columbus IT Partner A/S		


Contact for further details:
Ib Kunøe, T: (+45) 70 20 50 00.

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