euro909.com Sells its Remaining Telecommunications Operations and Customers

Business Wire, Nov 29, 2001

Business Editors/High-Tech Writers

COPENHAGEN, Denmark--(BUSINESS WIRE)--Nov. 29, 2001

euro909.com A/S (Nasdaq ADS: ENON) Thursday announced it has sold its remaining telecommunications operations and customers to two companies as a part of its ongoing efforts to focus on developing and exploiting opportunities in the European IT security sector.

euro909 began operations in 1986 as a company primarily focused on delivering telecommunications services to Danish and Scandinavian customers, and the firm was known at the time as Telepartner A/S. Today's announcement includes the sale of all of euro909's remaining customers of mobile/cellular phone services, land-based (or wired) telecommunications services, and its Internet access customers.

In total, the sale represents approximately 2,000 businesses in Denmark, and marks the company's complete exit from the telecommunications market.

euro909's mobile phone customers have been sold to TDC Mobile International A/S (www.tdc.com), the former state-owned company previously known as Tele Danmark. TDC is the largest Danish telecommunications company and has more than 3 million customers in Denmark.

TDC also has activities in several European countries and is listed on both the New York Stock Exchange (NYSE: TLD) and the Copenhagen Stock Exchange. euro909's Internet and land-based telecommunications services customers have been sold to Dicotel Communications A/S (www.dicotel.com), a Danish telecommunications operator focused on business customers.

According to euro909, the sale of its remaining telecommunications operations underlines the determined and targeted focus of the company to grow its share of the European IT security market and its efforts to create a cash flow positive company.

"Although euro909 traces its roots back to the telecommunications sector, the future of our firm lies in the IT security marketplace," said Aldo Petersen, chief executive officer of euro909. "I am confident that today's announcement marks another important step for our firm as we move towards a profitable future for euro909 and a dominant role in Europe's IT security sector."

During the past year, euro909 has taken many steps to restructure its business by eliminating expenses, selling and acquiring assets, and redirecting its efforts as part of a positioning strategy to actively participate in the international e-security market.

"Through its wholly owned subsidiary EuroTrust A/S, euro909 now offers a full circle of e-security products that serve the European business community," said Brian Mertz Pedersen, chief operating officer of euro909 and managing director of EuroTrust.

"Following today's announcement, euro909 intends to continue to focus on developing and exploiting opportunities in the IT security sector. The company also plans to aggressively comb Europe for additional acquisition candidates and strategic alliances to strengthen competencies, technologies and revenue streams in the e-security marketplace."

About euro909.com

Formed in 1986, euro909.com is the world's largest affiliate of VeriSign Inc. (VRSN) and the leading provider of trusted PKI-infrastructure services to Web sites, enterprises, electronic commerce service providers and individuals throughout Europe.

euro909's digital security offerings are managed by its wholly owned subsidiary EuroTrust A/S. EuroTrust's services are available through its Web site (www.eurotrust.dk), direct sales force, and reseller partners in Europe.

euro909.com operates in Denmark, Sweden, Norway, Finland, Austria, Switzerland, and Italy, and also owns several broadcast, print and online media properties in Scandinavia. More information about euro909.com and its subsidiaries is available at http://www.euro909.com/about.html.> Except for historical information contained herein, this news release contains forward-looking statements that are dependent on risks and uncertainties including such factors, among others, as the pace at which new markets develop, the impact of competition and the company's ability to implement timely responses to market conditions.

Further information on euro909.com is contained in publicly filed disclosures available through the SEC's Public Reference Branch or from the company's Investor Relations Department.

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