Conax demonstrates robust annual grow in 0

Conax demonstrates robust annual growth in 2013

Celebrating key milestone in 2014

Oslo, February 13th, 2014: Conax, a leading global specialist in total service protection for digital TV services over all types of networks and devices, today announced continued strong annual growth in 2013. In fiercely competitive global markets, the Scandinavian-based security provider reported customer contracts with 26 new pay-TV operators and telcos in 2013 with Latin America, Africa and India securing the most new business. Conax technology has a global reach of 85 countries. The security provider closed 2013 with a strong year-on-year revenue growth of 10%, year-on-year EBITDA growth of 5% and a robust cash flow margin of 32%. Q4 revenues grew by 14% from the same quarter in 2012 and the company enjoyed a 33% Q4 EBDITA growth versus Q4 2012.

In 2013 Conax deployed advanced multiscreen platforms and launched key new initiatives and solutions including security-hardened MS PlayReady DRM, Conax Cardless and a new strategic partner program further strengthening the technology company's unique position in the digital TV services value chain for providing total service protection.

- We have received a tremendous amount of positive feedback on our 2013 initiatives and are quickly seeing the fruits of our labor materialize into new business, confirms President and CEO, Morten Solbakken. The market is very positive about our direction.

- Capitalizing on our momentum and the Conax strong security brand, in 2014 Conax will continue to cultivate its broad solutions portfolio by leveraging complementary technologies and strategic partnerships. We will continue to offer new solutions for advanced operators keen to tap new market segments and developing markets looking to position for the future, continues Solbakken.

Key 2014 Milestone: In 2014, Conax is celebrating 10 years of strategic partnership with Star Times, China one of China's Top 100 Innovation-Oriented Enterprises . In addition to establishing key customers in China, Conax content protection technology is also deployed in Star's Pan-Africa operation and satellite service in 11 countries and growing; including Nigeria Africa's largest DTT operation. Star Times' tremendous success has been led by Chinese entrepreneur, Mr. Pang Xinxing, Star Times President.

- We are very pleased with our strong partnership and relations with Star Times and Star Times President, Mr. Pang Xinxing, says Morten Solbakken. We look forward to further developing our partnership together in in the coming years through new secure technologies and forward-thinking solutions for capturing growth in these rapidly evolving markets.

- Close cooperation, flexibility and focus on the best record in platform protection are key factors in the Star Times alliance with our long term security partner Conax, confirms Mr. Pang Xinxing, Star Times President. I am very happy with our strategic partnership with Conax and aim to continue to strengthen our collaboration for enabling future-oriented solutions for tapping diverse new market segments.

For more information about Chinese innovation leader, Star Times, please visit: http://en.startimes.com.cn/

Conax press contact

Leslie Johnsen, Head-Public Relations

Email: leslie.johnsen@conax.com

Phone: 47 41 45 80 43

About Conax (www.conax.com)

Conax is a leading global specialist around the total service protection for digital TV services over broadcast, broadband and connected devices. Through the future-proof Conax Contego security hub, Conax provides telcos, cable, satellite, IP, mobile and terrestrial operators with the innovative, flexible and cost-efficient solutions to deliver premium content securely and positioning to capture new market segments. Bundling 25 years of pioneering experience, its benchmark policy for security-evaluated client devices and strategic partner network, Conax technology enables secure content revenues for operators representing 140 million pay-TV consumers in 85 countries globally.

ISO 9001 & 27001 certified, Conax is headquartered in Oslo, Norway, and represented in Russia, Germany, Brazil, USA, Canada, Mexico, Indonesia, Philippines, Thailand, China, Singapore, with 24/7 Global Support operations in India. Conax is part of Telenor Group who has operations in 13 markets, 32.000 employees, 160 million mobile subscriptions and is among the world's largest mobile operators. Corporate responsibility. Follow Conax www.twitter.com/ConaxAS and LinkedIn

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