Torp Computing Group ASA

There were three main reasons for the MNOK 5.7 increase in 'other expenses':
• Marketing efforts were stepped up during the period, especially in Sweden and Norway. The
situation will return to normal in 2Q 2007.
• Planned further development, upgrading and expansion of IT and warehouse systems, including
the automation of the Nordic warehouse, the upgrading of the ERP system (SAP) and the
company's proprietary web shop solution. These changes were required to accommodate further
growth and to improve long-term efficiency.
• A growing percentage of Komplett’s customers are charging their purchases to credit cards,
leading to higher costs for the company. This trend is expected to continue, but the growth is
expected to be slower than before.
Cost-cutting measures have been implemented. The most notable measure involves investments in
further automation at the Nordic warehouse in Norway. The first part of the warehouse project is
scheduled for completion in 3Q 2007.
On 27 March 2007, Komplett tendered a bid for all the shares in InWarehouse AB, setting a deadline for
responses of 23 April 2007. Upon expiry of the deadline, shareholders accounting for a total of 97 per
cent of the share capital had accepted the bid. Komplett decided to acquire these shares and extend the
deadline for the remaining shareholders until 7 May 2007. Komplett will then institute a forced buyout to
acquire all the shares in InWarehouse. The acquired company will then be crossed off the First North list
in Sweden as soon as possible. InWarehouse traded for MSEK 744 in 2006 and had an EBIT of MSEK
4.1. The acquisition of InWarehouse is an important strategic tactic to strengthen the company's position
as the Nordic countries' leading e-trading company.
On 5 December 2006, Komplett opened a web shop in Denmark and, on 26 January 2007, it launched
the web shop in France as a link in the Group's European growth strategy.
Equity and shareholder affairs
At 31 March 2007, there were 12 058 400 shares in the company divided among 507 shareholders, and
21 per cent of the Group was in foreign hands. The equity ratio was 55 per cent.
On 27 March 2007, the ordinary Annual General Meeting decided to pay an ordinary dividend of NOK
1.60 per share. Dividends totalling MNOK 19.3 were paid on 12 April 2007.
Komplett's share price was NOK 116.00 at end quarter, compared with NOK 118.00 at the beginning of
the quarter.
All figures in this report comply with the International Financial Reporting Standard (IFRS) that Komplett
implemented on 1 January 2005. Unless otherwise specified, the comparative figures are also IFRScompliant.
Komplett presents its monthly sales figures on the third trading day of the following month. The next
monthly sales report will be for April 2007; it will be published prior to the opening of the Oslo Stock
Exchange on Friday, 4 May 2007. The 2Q 2007 results will be presented at 4.30 p.m. on 18 July 2007 at
Vika Atrium in Oslo.
Sandefjord, 26 April 2007
The Board of Directors of Komplett ASA
About Komplett
Komplett is one of Europe's leading players in e-commerce with the web shops Komplett.no, Komplett.se, Komplett.co.uk,
Komplett.ie, Komplett.nl, Komplett.be, Komplett.de, Komplett.at, Komplett.dk, Komplett.fr and Norek.no. Komplett sells computer
equipment, home electronics, appliances and peripheral equipment to end-users and dealers.
Komplett traded for MNOK 2 249 in 2006 and has more than 1 600 000 registered customers in Norway, Sweden, Great Britain,
Ireland, the Netherlands, Belgium, Germany, Austria, Denmark and France.
See also www.komplett.com for company information or shop at www.komplett.no.
For further information, please contact: Managing Director Eric Sandtrø, telephone: (+47) 918 22 424 or es@komplett.no
253