Trolltech Successfully Completes IPO

First Open Source, Dual-License Company Goes Public

Oslo, Norway, 05 July - 2006 - Trolltech ® , the company that makes software faster to build and easier to use, announced today it has successfully completed an offering of new shares in connection with the company’s listing on the Oslo Stock Exchange (OSE). Trolltech will be listed on the OSE today with the ticker symbol TROLL.

A total of 7.5 million shares were subscribed and the price has been set at NOK 16 per share.  

Approximately 65% of the demand in the institutional offering came from national investors. The offering increased the number of shareholders to more than 300.

The underwriters of the IPO were ABG Sundal Collier and SEB Enskilda. ABG Sundal Collier has, in light of the demand, exercised an over-allotment option of 1,125,000 additional shares.  

Of the total number of shares offered, 94 % have been allocated to the institutional offering and 6% to the retail offering. After completion of the transaction the company has a total of 51,104,028 outstanding shares.  

“This is an important milestone in Trolltech’s history and strengthens our position as a leading provider of software development infrastructure for cross platform applications, embedded Linux mobile phones and embedded computing devices. The feedback from both national and international investors has been very encouraging and it shows a very high level of confidence in the company,” commented Haavard Nord, co-CEO, Trolltech.   

“We feel the investment community has received us very favorably and the quality of the shareholder roster is very high. We look forward to starting this new phase of Trolltech’s development, together with the new investors and our highly motivated team,” added Eirik Chambe-Eng, co-CEO, Trolltech.

For further information please contact:

Europe

Andrea Willige / Six Degrees Public Relations
+ 44 1628 480280
andrea.willige@sixdegreespr.com

Knut Stålen

Trolltech ASA
+47 21 60 48 00

U.S

Candace Locklear / Spark PR
+1.415.321.1876
candace@sparkpr.com