NDS Opens NASDAQ Stock Market, Celebrating Five Years of Growth on U.S. Exchange

Business Wire, Nov 23, 2004

NEW YORK -- Close to 50 Million Active Pay-TV Subscribers Now Using NDS Conditional Access Technology

NDS (NASDAQ/Euronext Brussels: NNDS), a News Corporation company and leading provider of technology solutions for digital pay-TV, opened the NASDAQ stock market today, marking its five-year anniversary on the exchange. With 47.8 million pay-TV subscribers using its conditional access technology, NDS continues to retain its leading role in providing secure solutions for the delivery of valuable content for digital TV. NDS technology now protects over $20 billion in customer service revenues.

In the five years that NDS has been listed on the NASDAQ exchange, it has grown its subscriber base from 15.5 million to 47.8 million, and its revenues have grown from approximately $200 million to over $400 million. Today's event follows on a very positive earnings report - NDS recently issued its Q1'05 earnings statement which showed its highest quarterly earnings to date, reporting revenue of $154 million, and $33 million EBITA for the quarter.

NDS has achieved its growth by expanding their offerings and developing leading edge technologies, namely:

--NDS has extended its commitment to providing solutions to digital pay-TV operators by investing in middleware, with over 20 million copies of its MediaHighway middleware shipped to date.

--NDS has developed a number of key new products, including NDS XTV(R), a Digital Video Recorder (DVR) solution, which is now offered by four NDS customers, with close to 500,000 XTV DVRs now in use.

--The NDS interactive games and gaming solutions are also widely deployed, helping NDS customers attract and retain subscribers.

"We have seen consistent and profitable growth since we listed on the NASDAQ five years ago," noted Dr. Abe Peled, President and CEO of NDS. "We have steadily grown our portfolio of products and services for digital pay-TV, and have been fortunate to serve many of the leading companies in our industry. We remain committed to the development of leading edge solutions for the secure distribution of content in the digital era. I would like to take this opportunity to thank our employees, our customers, and our investors for their support."

About NDS

NDS Group plc (NASDAQ/Euronext Brussels: NNDS) is a leading supplier of open end-to-end digital pay TV solutions for the secure delivery of entertainment and information to television set-top boxes and IP devices. See www.nds.com for more information about NDS.