Expectations for H1 2011


Nordicom has in connection with the planned capital increase prepared a budget
for the period 1 January - 30 June 2011 in addition to the regular budget for
2010. 

For the period 1 January - 30 June 2011 is thus expected a profit of DKK 0 to
DKK 10 mill. before value adjustments and tax (EBVAT), assuming a capital
increase with a net profit of at least DKK 100 mill. In addition to this
adjustments on both investments properties and financial obligations - positive
or negative - can occur as a result of developments in prices on the real
estate market and in the financial markets. 

As for the financial year 2010 the company still expects a profit of DKK -20
mill. to -5 mill. before value adjustments and tax in line with previously
announced expectations. 

The equity is expected to be around DKK 580 mill. per 30th June 2011,
representing an equity ratio of approx. 12%. 

Kind regards,

Nordicom A/S
Board of directors

For further information/ comments please contact Managing Director of Nordicom
A/S, Niels Troen, tel. +45 33 33 93 03, mobile: +45 51 51 23 42