Acquisition of minority shares in Russia

Stock Exchange Release no. 9 - Acquisition of minority holding in
Russian
subsidiary 
28th February 2005

Columbus IT Partner A/S -
Banemarksvej 50C - DK-2605 Brøndby
T: (+45) 70 20 50 00 - F: (+45) 70 25 07
01
CVR no.: 13228345

Stock Exchange Release no. 9/2005

Columbus IT
Partner A/S buys 49% minority holding in Russian
subsidiary. Consideration
payable in shares

Columbus IT Partner is acquiring a 49% holding in the
Cypriot subsidiary, a
transaction that will give itfull ownership of the
Russian activities. The
subsidiaryholds all the shares of the Russian
subsidiary, including its
business in Kazakhstan and Ukraine. A total of
1,110,637 shares are involved,
corresponding to a capital increase of 2.8%.
The capital increase is being made
under the Board's authorisation and without
prior rights for the Company's
existing shareholders. This will have a
positive effect on equity of approx.
DKK 17.4m. 

The capital increase is
being made by the Board's exercising its authorization
in Art. 5.1 of the
Articles of Association, according to which the Board is
empowered until 22nd
December 2009 to increase the Company's share capital in
one of more tranches
by up to DKK 36,097,498 ( nom.). Following the directed
issue, DKK 34,709,201
(nom.) of the Board's authorization will remain. In
increasing the share
capital at market rates, including as consideration for
the Company's
acquisition of an existing company or other assets, the Board may
decide that
the capital increase shall be without pre-emptive rights for the
Company's
existing shareholders. Similarly, the Board can decide that the
increase
should be made wholly or partially other than by cash payment. The new
shares
will have the same rights as existing shares. Immediately after
registration
of the capital increase at  the Danish Commerce & Companies
Agency, the new
shares will be listed under the same funds code as hitherto.