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Hitt og þetta 27. apríl 2006

VME - PRE-TAX PROFIT OF NOK 6.9 MILLION FOR VMETRO

VMETRO`s revenues, EBIT and pre-tax profit in Q1 2006 were NOK 83.8 million (+38%), NOK 4.0 million (+14%) and NOK 6.9 million (+116%) respectively. A one-time expense of NOK 3.7 million was incurred for the quarter in connection with the CEO`s departure in March 2006.

Order bookings for the first quarter 2006 at NOK 94.8 million (+8%) were the highest for VMETRO in more than 5 years.

Please see enclosed interim report and presentations on www.vmetro.com/q106

For further information contact Acting CEO Paal Tonsberg, +47 22 10 60 90

1st Quarter 2006: http://hugin.info/64721/R/1047345/172202.pdf

Presentation 1Q06 (eng): http://hugin.info/64721/R/1047340/172199.pdf