LYSAKER, Norway -- TANDBERG Television delivered revenues of MNOK 476.1 in 3Q05, up 21% compared to MNOK 392.6 in 3Q04 and up 4% sequentially. The gross margin was 56.3%, up from 51.4% in the same quarter in 2004, and up from 55.0% in 2Q05, due to improvements in product mix and solid margins in our traditional technologies. The company delivered operating profits of MNOK 94.7, up 71% from MNOK 55.6 in 3Q04 and up 26% sequentially. Pre-tax profit was MNOK 102.7, up from MNOK 55.5 in the same period in the previous year.

The cash balance at the end of the quarter was MNOK 914.2 and included net cash income from operations of MNOK 28.1 up from MNOK 17.8 in the same period in 2004. The company raised a net MNOK 573.6 from a share issue in the quarter. Total assets for the group were MNOK 2,513.3, with an equity ratio of 83% at 30 September 2005. Total shares outstanding at the end of the quarter were 74,267,926.

All comparable numbers above are adjusted for implementation of IFRS and include the results of N2 Broadband from 1 January 2004. Reconciliation to previously disclosed financials is provided in the appendix to this report.

Tandberg Television