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I. Table of Contents - ISS

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tatiana\Bank Book\Public Bank Book\FINAL <strong>ISS</strong> PUBLIC Bank IM - Press Release to EMTN_1.doc 9 Nov 2005 10:32 51/91<br />

<strong>Table</strong> 23: Unaudited Breakdown <strong>of</strong> Operations by Country (2004)<br />

51<br />

Company Overview<br />

Country (1) Revenue (DKK million) Margin (%) (2) Employees (3)<br />

Northern Europe:<br />

The United Kingdom 5,537 6.6 37,890<br />

Denmark (4) 3,349 6.6 12,064<br />

Norway 3,084 6.8 7,343<br />

Sweden (5) 3,009 3.5 10,146<br />

Finland 2,441 8.0 13,303<br />

Ireland 300 7.9 1,998<br />

Greenland 123 1.4 407<br />

Iceland 106 7.3 591<br />

Total Northern Europe 17,949 6.2 83,742<br />

Continental Europe<br />

France 7,799 6.8 37,973<br />

The Netherlands 3,094 6.2 21,904<br />

Belgium & Luxembourg 2,072 5.9 9,990<br />

Spain 1,791 5.7 18,091<br />

Germany 1,568 1.7 16,462<br />

Switzerland 1,153 6.2 7,156<br />

Austria 1,150 7.9 7,063<br />

Central & Eastern Europe (6) 466 6.4 8,216<br />

Portugal 226 6.9 2,746<br />

Greece 193 5.8 1,602<br />

Italy 192 6.6 616<br />

Poland 67 4.3 1,924<br />

Total Continental Europe 19,771 6.0 133,743<br />

Overseas<br />

Israel 373 5.0 5,821<br />

China & Hong Kong 354 5.1 5,033<br />

Brazil 341 5.4 12,381<br />

Singapore 307 6.6 3,818<br />

Australia 242 11.7 487<br />

Thailand 93 6.9 7,726<br />

Japan (7) 78 2.2 488<br />

Indonesia 69 9.4 6,977<br />

Malaysia 69 7.6 2,392<br />

Argentina 39 (2.8) 2,304<br />

Chile 19 5.2 1,582<br />

Sri Lanka 17 0.0 5,650<br />

Brunei 13 24.5 161<br />

Uruguay 2 10.0 260<br />

Total Overseas 2,016 6.0 55,080<br />

Total Operations (8) 39,736 6.1 272,565<br />

Corporate - (0.5) 77<br />

Health Care operations (9) (divested) 619 10.3 892<br />

Total 40,355 5.6 273,534<br />

Note:<br />

(1) <strong>ISS</strong>’s operations in India, New Zealand, Russia, and Turkey were established in 2005.<br />

(2) Operating pr<strong>of</strong>it before other items divided by revenue based on <strong>ISS</strong>’s consolidated preliminary financials prepared in accordance with IFRS.<br />

(3) At end <strong>of</strong> year.<br />

(4) Including the Greenland and Faroe Islands.<br />

(5) Excluding the Swedish Health Care operations business (which had 892 employees).<br />

(6) Including the Czech Republic, Slovenia, Slovakia, Romania, Hungary and Croatia.<br />

(7) Japan was divested on September 1, 2005.<br />

(8) Excluding Health Care operations prior to January 1, 2005.<br />

(9) In 2005 the Health Care operations business was sold to funds advised by EQT Partners in two separate transactions.<br />

Source: <strong>ISS</strong><br />

As indicated in the table above, among <strong>ISS</strong>’s more established operations, margins tend to be higher<br />

where <strong>ISS</strong> <strong>of</strong>fers a broader range <strong>of</strong> services and has higher customer density.

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