1. 23 April 2008, page 1 Company confidential Results 1Q08 Results 1Q08 Martin De Prycker, CEO 23 April 2008

2. 23 April 2008, page 2 Company confidential Highlights 1Q08  Strong sales growth 6% (14% at constant FX)  EBIT flat0% (57% at constant FX)

3. 23 April 2008, page 3 Company confidential Operational results In € million1Q081Q07Growth 08/07 At real FXAt constant FX Orders198.4221.3(10%)(3%) Orderbook324.5336.7-- Sales165.7156.56%14% EBIT6.5 0%57% EBIT %3.9%4.2%--

4. 23 April 2008, page 4 Company confidential Results per quarter Results per quarter In € million

5. 23 April 2008, page 5 Company confidential Overall comments  Solid order intake –Lower than last year due to a large order for DC in China in 1Q07, but higher than 4Q07 –High order intake in most of our markets, especially Medical Imaging and Security & Monitoring  Sales growth of 6% vs 1Q07 All divisions growing at constant FX, with strong contribution of Security & Monitoring and Medical  Gross profit at € 63.4 million vs € 61.5 million last year  EBIT at € 6.5 million, flat vs 1Q07, after a negative currency impact of € 3.7 million

6. 23 April 2008, page 6 Company confidential Evolution of results per division In € million1Q081Q07Sales growth 08/07 Sales% EBITSales% EBITAt real FXAt constant FX Media & Entertainment56.51.6%57.85.0%(2%)4% Security & Monitoring53.14.6%46.32.1%15%23% Medical Imaging34.915.1%31.910.4%9%19% Other Markets26.9(8.2%)26.6(2.5%) 1%9% Total165.73.9%156.54.2%6%14%

7. 23 April 2008, page 7 Company confidential Media & Entertainment Division (1) In € million

8. 23 April 2008, page 8 Company confidential Media & Entertainment Division Media & Entertainment Division (2)  Orders –Orders in Events lower, but improving towards end of quarter –Orders in Media lower, but favorable prospects –Orders in Digital Cinema lower than last year, when a strong China order was booked  Sales –Sales growing 4% at constant FX, and improving towards end of quarter –Sales in Events lower –Media sales flat and growing at constant FX –Digital Cinema strongly improved vs last year  Margins EBIT weaker due to lower sales and increased investment in sales & marketing Sales increased 4% at constant FX Orders increasing again on a consecutive basis Profit lower than 1Q07

9. 23 April 2008, page 9 Company confidential Security & Monitoring Division (1) In € million

10. 23 April 2008, page 10 Company confidential Security & Monitoring Division (2)  Orders –Growth in orders at constant FX, with orderbook further increasing in most of our markets –Good order growth in Broadcast & Telecom segment with orders for broadcast master control rooms and IPTV monitoring –Order growth for Utilities with contribution of Eastern Europe, Middle East and Asia  Sales –Sales growth 15% –Stronger growth in Defense and Traffic & Surveillance  Margins EBIT margin at 4.6% vs 2.1% in 1Q07, thanks to higher gross profit, partially offset by increased sales & marketing Strong growth in orders and sales improve profitability

11. 23 April 2008, page 11 Company confidential Medical Imaging Division (1) In € million

12. 23 April 2008, page 12 Company confidential Medical Imaging Division (2)  Orders / Sales –Orders growing in all regions –Stronger sales in PACS vs 1Q07, thanks to large shipment of mammo displays in US –Modality orders and sales strongly higher  Margins Very good EBIT margin at 15.1%, better than 10.4% in 1Q07, thanks to higher gross profit and favorable profit mix Strong performance in orders and sales and profitability

13. 23 April 2008, page 13 Company confidential Other Markets (1) In € million

14. 23 April 2008, page 14 Company confidential Other Markets (2)  Orders / Sales –Higher orders but lower sales in simulation market –Lower orders but higher sales in presentation market –Orders and sales in Avionics higher  Margins EBIT margin negative at (8.2%) vs (2.5%) in 1Q07, as gross profit was unable to offset the high investments in product development for simulation and avionics Small increase in sales Continued R&D investments result in negative EBIT

15. 23 April 2008, page 15 Company confidential Geographical breakdown of sales US +12%* Apac +20%* Emea - 3%* * in €

16. 23 April 2008, page 16 Company confidential Key figures Income Statement In € million1Q08%1Q07% Sales Cost of goods sold 165.7 (102.3) 100.0 (61.7) 156.5 (94.9) 100.0 (60.7) Gross Profit Research & Development Sales & Marketing General & Administration Other operating result 63.4 (17.5) (29.8) (12.4) 2.8 38.3 (10.6) (18.0) (7.5) 1.6 61.5 (15.4) (27.6) (11.9) - 39.3 (9.9) (17.7) (7.6) - EBIT Goodwill Impairment 6.5 - 3.9 - 6.5 - 4.2 - Operating Result6.53.96.54.2 Non-operating result(0.8)(0.5)(0.4)(0.3) Income Taxes(1.2)(0.7)(1.0)(0.6) Net Income from continuing operations 4.52.75.13.3 Net Income from discontinued operations2.11.32.41.5 Net Income6.64.07.54.8 EBITDA20.812.618.912.1 Net Earnings per Share (in €)0.550.62

17. 23 April 2008, page 17 Company confidential Key figures Balance Sheet In € million 31/03/0831/12/0731/03/07 Accounts Receivable169.4202.4188.5 Inventory218.1204.0172.6 Trade Payables71.587.384.3 Cash61.873.381.1 Financial Debt110.1126.769.8

18. 23 April 2008, page 18 Company confidential Expectations full year 2008  Ongoing positive evolution in sales and growing order intake in 1Q08 confirm confidence in sustained sales growth for 2008. On this basis profit growth for the full year is expected.  Reduction of Working Capital targeted at € 40 million  The divestiture of BarcoVision has been postponed as the European antitrust commission is asking Itema for further clarifications