Conax reports strong global grow in 0

Conax reports strong global growth in 2012

Delivering on demands for pay-TV operators and Telcos positioning for future growth through secure content revenues and delivery

Oslo, February 21st, 2013: Conax,globalprovider offuture-orientedsolutionsfor securing multi-device and digital content for broadcasters, content providers and Telcos, today reported strong growth in 2012. In a highly competitive global market, Conax won contracts with 26 new pay-TV operators and Telcos and entered 4 new countries, extending the content security provider's global reach to 85 countries. Norway-based Conax also enjoyed its highest shipped volume on record, closing 2012 with a 20% increase on volume over 2011. Q4 revenues also grew substantially, up by 9% from the same quarter in 2011.

In 2012, Conax launchedanewcorporatestrategy andbrand,newproducts, newsolutionsanda newpartnering strategy for securing our position in the value chain, confirmed President and CEO, Morten Solbakken. We are very pleased these efforts have also materialized in an increased customer base and record volume.

I am also pleased to introduce Tor Eirik Knutsen, new CFO, to the Conax executive team from February 1st. Tor Eirik has extensive experience within the challenges and opportunities of a global marketplace. His immediate focus will be capitalizing on the new Conax brand and organization for further driving growth and Conax' future market position.

Conax CFO, Tor Eirik Knutsen

A technology specialist, Conax core development is focused on content security solutions, flexibility and smooth integration with complementary technologies. Concentrated R&D is a cost benefit for Conax customers. Leveraging its global network of strategic partners enables Conax to deliver best-of-breed total solutions for securing pay-content revenues over broadcast and broadband.

With a continual commitment to product and development, over 35% of Conax' human capital is dedicated to R & D. During 2013 and 2014, Conax global strategy includes additional R&D staff,sales and technical resources to support advanced solutions in mature markets and continued growth and expansion in Asia and the Americas.

Conax press contact

Leslie Johnsen, Head-Public Relations

Email: leslie.johnsen@conax.com

Phone: 47 41 45 80 43

Telenor Broadcast press contact

Jrgen Thaule, Communications Director

Email. Jorgen.thaule@telenor.com

Phone: 47 91 55 96 07

About Conax (www.conax.com)

Conax provides the future-oriented security solutions and expertise that empower multi-screen digital TV content providers around the globe to deliver premium content over the combined Over-The-Top scenario of broadcast, broadband and connected devices securely and eliminate potential revenue threats. Conax Contego portfolio of solutions furnish content providers, cable, satellite, IP, mobile and terrestrial operators with solutions that offer a competitive advantage reduced hardware costs, easy deployment and upgrade, including the new Conax Xtend Multiscreen together with partners. Conax flagship, Conax Contego, bundles 25 years of pioneering experience into one unique solution to guide operators in navigating and realizing new business models. Through its benchmark policy for security-evaluated client devices and strategic partner network, Conax technology secures content for operators representing 125 million pay TV consumers in 85 countries around the globe.

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 11 markets, 33.000 employees, 150 million mobile subscriptions and is among the world's largest mobile operators. Corporate responsibility. Follow Conax on Twitter

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