Fast Signs Multi-Million Dollar Extended Agreement with Major Global Publisher of Science and Health Information

Business Wire, Jan 4, 2008

40 Million Dollar Deal is the Latest in String of High Profile Wins

OSLO, Norway & NEEDHAM, Mass. -- Fast Search & Transfer ASA (FAST) today announced that a major global science and health information publisher has signed a five year contract extension. The value for 2008 is $8.1 million with an estimated five year value expected to exceed $40 million.

The agreement includes license and maintenance fees, as well as application management and professional services fees.

OTHER RECENT WINS

In the last week, FAST has announced several significant wins including:

Jan. 2nd - RealNetworks, Inc., a leading creator of digital media services and software, such as Rhapsody, RealArcade and RealPlayer signed an agreement to deploy FAST ESP. Consumers use RealNetworks's services and software to find, play, purchase and manage free and premium digital content, including music, games and video. Broadcasters, network operators, media companies and enterprises use RealNetworks's products and services to create and deliver digital media to PCs, mobile phones and other consumer electronics devices.

Dec. 28th - Microsoft signed an agreement to deploy FAST ImPulse, FAST's eCommerce product, for its Windows Marketplace.

Dec. 27th - Comcast, the largest provider of cable services in the US - and one of the world's leading communications companies, signed an agreement to deploy FAST Personalization Framework (FPF).

Dec. 27th - Ricoh, a global leader in digital office solutions, signed an agreement to deploy FAST ESP.

"We are seeing a user revolution in the IT industry that requires forward-thinking global companies to understand the strategic and innovative value of user-centric search," said Dr. John Markus Lervik, CEO and co-founder of FAST. "Companies continue to embrace FAST as an innovative business partner because we provide customers with the flexibility they need to fine-tune their search systems, ensuring the highest level of user productivity through relevancy, speed and scalability."

About FAST

FAST is the leading global provider of enterprise search technologies and solutions that are behind the scenes at the world's best known companies. FAST's flexible and scalable enterprise search platform (FAST ESP) elevates the search capabilities of enterprise customers and connects people to the relevant information they seek regardless of medium. This drives revenues and reduces total cost of ownership by effectively leveraging IT infrastructure. FAST's solutions are used by more than 2,600 global customers and partners, including America Online (AOL), Cardinal Health, CareerBuilder.com, CIGNA, CNET, Dell, Factiva, Fidelity Investments, Findexa, IBM, Knight Ridder, LexisNexis, Overture, Rakuten, Reed Elsevier, Reuters, Sensis, Stellent, Tenet Healthcare, Thomas Industrial Networks, Thomson Scientific, T-Online, US Army, Virgilio (Telecom Italia), Vodafone, and Wanadoo.

FAST is headquartered in Norway and is publicly traded under the ticker symbol 'FAST' on the Oslo Stock Exchange. The FAST Group operates globally with presence in Europe, the United States, Asia Pacific, Australia, South America, and the Middle East. For further information about FAST, please visit www.fastsearch.com.

FASTforward '08 - The Industry's Largest Business & Technology Conference Dedicated to Search-Driven Innovation - February 18th - 20th, Orlando, FL USA. For more information visit www.fastforward08.com