From: marketing@trustix.com To: presslist@trustix.com Subject: Trustix Press Release Date: Thu, 30 Aug 2001 18:14:07 +0200 (CEST) Trustix and Reitan Invest Announce Completion of Trustix Round C Reitan Invest is lead investor in Trustix round C of financing London, August 30, 2001 - Trustix and Reitan Invest announced today the completion of Trustix Series C round of financing, with Reitan Invest as the lead investor. Trustix has raised a total of NOK 30 million in its Series C round of financing from four investors who participated in the round. Lead investor in Trustix round C is Reitan Invest. Another new investor in Trustix round C is Gjensidige NOR. Delphi and Convexa Capital both made follow up investments in this round. Convexa Capital was lead investor in Trustix round B and Delphi has earlier participated in Trustix A and B rounds. Convexa Capital remains the largest shareholder in Trustix after the completion of Trustix round C. "We are extremely pleased with the strong interest Trustix has received from the investment community during this funding cycle," said Håvard Wollan, Trustix President and CEO. "As their financial commitment demonstrates, our investment partners have enthusiastically embraced Trustix as an emerging leader in the high-growth Linux systems management space." "Trustix offers a unique solution and a compelling value proposition," said Kjell Magnus Reitan, Chief Executive of Reitan Invest. "We believe that Trustix has very good software technologies, a very strong team and a scalable business model with global reach. The company is well positioned to become the leader in the fast growing space of Linux systems management." "The recognition from leading industry players like IBM, Bull and others clearly shows that Trustix has a leading edge in the Linux systems management space," Wollan replied. "The financing that we have now secured will enable us to maintain Trustix' leading edge by establishing the brand, rolling out integrated Linux solutions with partners and rapidly expanding our customer base across international markets." In an earlier separate announcement from IBM, Trustix was announced as the winner of the 2001 IBM Solution Excellence Award in the category "Hot Linux Business Solution" for its XPloy systems management solution. Trustix XPloy is a systems management solution for Linux, providing a complete solution for scalable, secure and remote Linux systems administration and software provisioning. Trustix is partnering with IBM and other leading industry players in order to create integrated Linux solutions based on Trustix XPloy and partners' hardware and software solutions. About Trustix (www.trustix.com) Trustix is a leading provider of Internet infrastructure software and services, providing next generation solutions for software and contents provisioning and systems administration. Trustix XPloy is the award winning and leading systems management solution for Linux. Other products from Trustix include leading edge software provisioning technology TrIP, the XSentry firewall and security administrator and Trustix Secure Linux, the high performance, secure and stable Linux operating system developed by Trustix and used by customers worldwide. Trustix AS is a privately owned corporation with headquarters in Trondheim, Norway. For more information about Trustix, please visit the Trustix web site at www.trustix.com . About Reitan Invest (www.reitaninvest.com) Reitan Invest, with offices in London, New York and Trondheim, focuses on venture investments within information and communication technology. The company targets companies independent of their geographic location but maintains a focus on the Nordic region. Reitan Invest emphasises strict investment criteria, closely monitors portfolio growth and implements effective value realisation strategies to achieve a strong portfolio and a proven record in value creation and realisation. About Convexa Capital (www.convexa.com) Convexa Capital, with offices in Oslo and Fort Lauderdale, USA, is a venture capital company focusing on accelerating technology companies with international potential. Convexa focus on companies with unique technology in the areas of IT/telecommunication infrastructure technologies, software rental, wireless, access technologies and security. The company focus on active and top level support in the fields of strategic processes, private and public funding, partnering and recruiting all the way trhough IPO or merger/strategic sale. Convexa has broad experience in commercializing Scandinavian technology companies to international markets. XPloy, TrIP, Trustix Secure Linux, XSentry and Manage your eBusiness! are trademarks of Trustix AS. Linux is a registered trademark of Linus Torvalds. All other trademarks, service marks and company names are the property of their respective owners. Media contacts: Håvard Wollan Chief Executive Officer Trustix (+47) 92 88 33 83 havard@trustix.com Kjell Magnus Reitan Chief Executive Reitan Invest (+44) 2072976870