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

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

23 April 2008, page 3 Company confidential Operational results In € million1Q081Q07Growth 08/07 At real FXAt constant FX Orders (10%)(3%) Orderbook Sales %14% EBIT6.5 0%57% EBIT %3.9%4.2%--

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

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

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 & Entertainment % %(2%)4% Security & Monitoring % %15%23% Medical Imaging % %9%19% Other Markets26.9(8.2%)26.6(2.5%) 1%9% Total % %6%14%

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

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

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

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

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

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

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

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

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

23 April 2008, page 16 Company confidential Key figures Income Statement In € million1Q08%1Q07% Sales Cost of goods sold (102.3) (61.7) (94.9) (60.7) Gross Profit Research & Development Sales & Marketing General & Administration Other operating result 63.4 (17.5) (29.8) (12.4) (10.6) (18.0) (7.5) (15.4) (27.6) (11.9) (9.9) (17.7) (7.6) - EBIT Goodwill Impairment Operating Result 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 Net Income from discontinued operations Net Income EBITDA Net Earnings per Share (in €)

23 April 2008, page 17 Company confidential Key figures Balance Sheet In € million 31/03/0831/12/0731/03/07 Accounts Receivable Inventory Trade Payables Cash Financial Debt

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 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