BELTTON-GROUP PLC INTERIM REPORT 1 JANUARY ? 30 JUNE 2006

Beltton-Group Plc STOCK EXCHANGE RELEASE 10 August 2006, at 9:00 a.m. BELTTON-GROUP PLC INTERIM REPORT 1 JANUARY – 30 JUNE 2006 Beltton Group’s net sales remained nearly unchanged, while operating profit dropped from the corresponding period in 2005. The Group’s net sales amounted to EUR 29.9 million (EUR 30.3 million) and operating profit to EUR 0.72 million (EUR 0.88 million). Net profit decreased to EUR 0.32 million (EUR 0.39 million) and earnings per share (EPS) to EUR 0.05 (EUR 0.06). NET SALES AND PROFIT DEVELOPMENT Beltton-Group Plc’s net sales remained nearly unchanged compared to the same period in the previous year, amounting to EUR 29.9 million (EUR 30.3 million). The Group’s operating profit was EUR 0.72 million (EUR 0.88 million), representing 2.4% (2.9%) of net sales. Profit before extraordinary items amounted to EUR 0.57 million (EUR 0.65 million), while net profit for the period stood at EUR 0.32 million (EUR 0.39 million). Earnings per share (EPS) dropped to EUR 0.05 from EUR 0.06 the year before. Beltton-Group’s net sales and profit were nearly the same as the previous year. The company sees an opportunity to increase profit by enhancing recruitment through Vendiili Oy. Says Managing Director Heikki Vienola: “Beltton enhanced its recruitment activities in the review period. We are now involved in a new kind of recruitment company, Vendiili Oy, which focuses solely on recruiting sales personnel. Launched in the review period, Vendiili Oy brings together employers in the sales sector, all of whom face the same challenge: finding top- notch employees for sales work. The results of the recruitment campaign that Vendiili launched this summer look promising. All in all, the campaign brought us closer to 200 applications from people interested in sales work. I believe this will result in increased sales in the latter part of the year.” Positive business development was seen at Wulff Oy Ab, which accounts for some 45 per cent of Beltton-Group’s net sales. Wulff has continued to expand its customer base with the addition of big and medium-sized companies. Wulff sells office supplies and computer accessories to major corporations and to the Finnish Government in line with its contract customer concept. The company has sold more than 1,000 MiniBar shelving systems to various Finnish companies. KB-tuote Oy, a company that sells and markets business and promotional gifts, has also acquired new service package customers. Owing to the cyclical nature of demand for business and promotional gifts, a significant share of the company’s net sales and profit is generated in the second and fourth quarters. KB-Tuote provides major corporations with an outsourced business gift service whereby the customer can order products designed in line with the company brand through an electronic order system. Beltton’s direct sales business consists of eight direct sales companies in Finland, all of which sell computer accessories, office supplies, corporate promotional products and ergonomic products. Beltton believes that the growing emphasis on sales personnel recruitment will have a positive impact on net sales in the latter part of the year. Beltton’s direct sales in Sweden had recruiting needs similar to those in Finland. As a result of recruitment measures carried out in the review period, several new sales representatives will start work in August. Beltton’s latest acquisition, Nordisk Profil A/S from Norway, included in the consolidated financial statements as of 1 April 2006, has developed as planned. The deferred tax asset included in the consolidated balance sheet will be realised in 2006–2011. This will have a negative impact of EUR 348,000 a year on profit. Realisation will be distributed evenly over each quarter and will have no impact on cash flow. FINANCING AND INVESTMENTS Operating cash flow amounted to EUR 1.37 million (EUR 1.42 million). The consolidated balance sheet total at the end of the period amounted to EUR 37.8 million (EUR 35.7 million) and the equity ratio was 45.3% (47.4%). The Group’s liquid assets amounted to EUR 4.64 million (EUR 3.10 million). The investments in fixed assets entered in the balance sheet amounted to EUR 0.43 million, or 1.4% (EUR 0.36 million, 1.2%) of net sales in the review period, and mainly involved machinery and equipment. PERSONNEL Beltton-Group Plc had 429 (474) employees at the end of the review period and an average of 432 (480) employees over the period. A total of 86 (91) employees worked in Sweden, Norway and Estonia. OUTLOOK FOR THE REST OF 2006 The Group believes that its strong customer base and the new customers it has attained will put net sales back on a growth track in the latter part of 2006. Owing to the cyclical nature of demand for business and promotional gifts, much of the company’s net sales and profit is generated in the fourth quarter, in addition to the recently ended second quarter. Company management believes that the Group has good prospects of improving its results over the previous year. The Group is also prepared to pursue its growth strategy through acquisitions. Beltton-Group PLC (1000 euro) Consolidated income statement 4-6/06 4-6/05 1-6/06 1-6/05 1-12/05 TURNOVER 15 020 15 400 29 852 30 251 60 101 Other operating income 98 45 158 100 271 Materials and services 7 787 7 570 15 749 15 123 31 807 Personnel expenses 3 989 4 167 7 725 7 974 15 016 Depreciation 306 296 589 603 1 219 Other operating expenses 2 558 2 928 5 228 5 776 10 606 OPERATING PROFIT 478 484 719 875 1 724 Financial items -58 -165 -145 -228 -171 PROFIT BEFORE EXTRAORDINARY ITEMS AND TAXES 420 319 574 647 1 554 Extraordinary items 0 0 0 0 0 PROFIT BEFORE TAXES 420 319 574 647 1 554 Income taxes 135 105 261 241 287 Minority interest 42 16 -12 19 142 0 Net profit 243 198 324 387 1 126 Consolidated balance sheet (1000 euro) Assets 6/2006 6/2005 12/2005 FIXED ASSETS Intangible assets 413 323 332 Consolidation goodwill 4 697 4 542 4 542 Tangible assets 5 046 5 520 5 127 Investments held for sale 251 255 265 Investments 144 162 149 TOTAL FIXED ASSETS 10 551 10 802 10 416 CURRENT ASSETS Inventories 10 001 9 844 10 507 Sales receivables 8 028 6 686 7 255 Other receivables 3 464 4 159 4 142 Deferred tax assets 1 102 1 102 1 330 Cash and bank receivables 4 639 3 097 4 471 TOTAL CURRENT ASSETS 27 234 24 888 27 705 Total assets 37 785 35 690 38 121 Equity and liabilities 6/2006 6/2005 12/2005 EQUITY Share capital 2 603 2 603 2 603 Share issue 0 0 0 Share premium fund 7 662 7 662 7 662 Retained earnings 5 722 5 385 5 386 Net profit 324 387 1 126 TOTAL EQUITY 16 311 16 037 16 777 Minority interest 814 898 1 021 LIABILITIES Long-term liabilities 7 149 8 664 8 173 Short-term liabilities 13 511 10 091 12 151 TOTAL LIABILITIES 20 660 18 755 20 324 Total equity and liabilities 37 785 35 690 38 121 KEY RATIOS (1000 euro) 4-6/06 4-6/05 1-6/06 1-6/05 1-12/05 Turnover 15 020 15 400 29 852 30 251 60 101 Increase in turnover % -2,5 % 7,6 % -1,3 % -1,1 % -0,5 % Operating profit 478 484 719 875 1 724 % of turnover 3,2 % 3,1 % 2,4 % 2,9 % 2,9 % Profit before tax 420 319 574 647 1 554 % of turnover 2,8 % 2,1 % 1,9 % 2,1 % 2,6 % Net profit 243 198 324 387 1 126 % of turnover 1,6 % 1,3 % 1,1 % 1,3 % 1,9 % Equity ratio % 45,3 % 47,4 % 46,7 % Investments in fixed assets 269 90 425 356 957 % of turnover 1,8 % 0,6 % 1,4 % 1,2 % 1,6 % Average number of employees 432 487 460 Number of employees at end of period 429 474 434 Earnings per share 0,04 0,03 0,05 0,06 0,17 Equity per share 2,51 2,47 2,58 Consolidated cash flow (1000 euro) 1-6/06 1-6/05 1-12/05 Cash flow from operations: Payments received from sales 29 807 30 195 59 526 Payments received from other operating 125 80 251 income Amounts paid for operating expenses -28 353 -28 622 -57 767 Cash flow from business operations 1 579 1 653 2 011 before financial items and taxes Financial costs paid -220 -235 -325 Interests received from operations 28 29 79 Direct taxes paid -17 -23 -49 Cash flow from operations 1 370 1 424 1 716 Cash flow from investment activities: Investments in tangible and intangible -425 -356 -957 assets Sale of tangible and intangible assets 0 0 56 Acquisition of shares in subsidiaries -5 0 0 Sale of shares in subsidiaries 0 0 0 Sale of other investments 0 0 518 Cash flow from investment activities -430 -356 -383 Cash flow from financing activities: Share issue 0 0 0 Paid dividends -651 -1 041 -1 041 Received dividends 191 65 57 Short-term investments -171 536 0 Loss from the sale of short-term -143 -99 0 investments Loan withdrawals 0 0 1 715 Loan repayments -168 -168 -336 Cash flow from financing activities -942 -707 395 Change in liquid assets -3 361 1 728 BELTTON-GROUP PLC Further information: Heikki Vienola, Managing Director tel. +358 9 5259 0050 or +358 50 65 110 e-mail: heikki.vienola@beltton.fi Sirpa Väisänen, IR Officer Tel. +358 9 5259 0050 or +358 400 943 243 e-mail: sirpa.vaisanen@beltton.fi DISTRIBUTION The Helsinki Stock Exchange www.beltton.fi Key media