TANDBERG Television Completes Purchase of SkyStream

March 31, 2006 – TANDBERG Television has today completed the acquisition of US based SkyStream Networks, Inc. The closing follows the signing of the definitive merger agreement on 8th February 2006 and satisfactory completion of all conditions to closing.

After closing adjustments, the final purchase consideration was determined to be MUSD 80, made up of a mixture of TANDBERG Television shares and cash. The share value element is MUSD 1.5 and is made up and settled with 77,279 own shares. The number of shares have been determined based on the average share price of TANDBERG Television for the ten day period ending five days prior to closing, which was NOK 130.619 per share. TANDBERG Television holds 181,393 own shares after transactions.

The combination of the two companies strengthens TANDBERG Television’s position in the rapidly expanding IPTV market. It further enhances TANDBERG Television’s ability to provide content owners, programmers and operators with a unique combination of integrated compression, interactive and on-demand content solutions.

For more information about TANDBERG Television please visit http://www.tandbergtv.com