PRESS RELEASE
Wednesday, 24 May 2006

DISCLAIMER

An article regarding Zapera’s acquisition-led growth in Scandinavia has today been published and circulated by “mergermarket services”.

In the article Zapera’s CEO, Lars Lund-Nielsen, is being wrongly quoted several times. We would like to correct some of the worst mistakes.

1. Zapera has not been looking to buy Swedish Detector Market Research and Consulting prior to the acquisition of Swedish QuickWise earlier this month.

In the article Lars Lund-Nielsen is quoted:

- “Detector was mentioned when we went looking to buy in Sweden during the spring. Nothing came out of it but we may have a closer look at some later time.”

The above mentioned has never been said by Lars Lund-Nielsen, and we do not know how the journalist came up with the quotation. We have contacted Detector directly to apologize for any inconveniences this rumour might create.

In the article the rumour is also backed by an anonymous Stockholm based analyst. Zapera has no knowledge of the identity of this analyst.

2. Zapera is not projecting revenues of EUR 15m in 2006 and EUR 50m by 2008

According to the article Zapera is projecting revenues of EUR 15m in 2006 following the acquisition of QuickWise.

However this is not correct. In our press release regarding the QuickWise acquisition we clearly stated, that the combined revenue on a yearly basis is expected to reach SEK 60m or EUR 7m.

In this connection Lars Lund-Nielsen is being quoted for saying, that Zapera is expecting an increase in revenues to EUR 50m by 2008. This figure is taken totally out of the blue and has never been expressed by Mr. Lund-Nielsen.

Facts:

You can read Zapera’s press release by clicking here.

mergermarket, part of The Mergermarket Group, presents itself as a mergers & acquisitions (M&A) intelligence and research service that tracks all M&A deals over EUR/USD 5m globally. You can find their website by clicking here.