DOCDATA N.V. Announces the 2009 Half-Year Results

WAALWIJK, The Netherlands -

- Order Portfolio of Technology Company IAI Industrial Systems Reaches Highest Level Ever

- Profit Growth of Internet Service Company Docdata due to a Strong Increase of Realised Transactions

Michiel Alting von Geusau, CEO of DOCDATA N.V.: “The strategy ‘Vision 2010: Gear to Growth’ remains tightly on track, despite the current economic crisis, both for Technology company IAI industrial systems and Internet service company Docdata. Our focus for Technology company IAI industrial systems is to secure orders for the delivery of highest quality systems and for Internet service company Docdata to further growth of the number of realised transactions. In line with this focus and despite the challenging external circumstances, we have realised a further growth both in revenue and results. We, however, remain cautious regarding the current economic situation and the markets in which we operate. We do expect to be able to continue the current positive trend in the second half-year 2009.”

Half-year Half-year ended ended Revenue 30 June 2009 30 June 2008 Growth (in thousands, except percentage EUR EUR % figures) Technology company IAI industrial systems 4,187 2,575 + 63% Internet service company Docdata (excluding media) 22,082 17,470 + 26% Docdata media 8,627 15,648 -/- 45% Total 34,896 35,693 -/- 2%

Technology company IAI industrial systems has delivered in the first half-year 2009 a number of high-quality personalisation systems and realised new orders, resulting in an order portfolio at the end of the first half-year 2009 of EUR 24.3 million.

Internet service company Docdata has realised in the first half-year 2009 a strong increase in the number of unique transactions compared to the first half-year 2008. In the first six months of 2009, approximately 10 million unique transactions were processed.

Results and Financial position half-year 2009 (unaudited) Half-year ended at (in millions, except percentage 30 June 2009 30 June 2008 figures and per share data) EUR % EUR % Revenue Internet service company Docdata 30.7 88.0 33.1 92.8 Technology company IAI industrial 4.2 12.0 2.6 7.2 systems Total 34.9 100.0 35.7 100.0 Gross profit 10.8 30.8 9.4 26.4 Operating profit (EBIT) Internet service company Docdata 1.5 4.9 1.3 4.1 Technology company IAI industrial 0.9 21.0 0.1 2.3 systems Total 2.4 6.8 1.4 4.0 Profit for the half-year 1.9 5.4 1.0 2.9 Basic earnings per share 0.28 0.15 Diluted earnings per share 0.27 0.15 Balance sheet total 39.1 40.7 Equity 21.7 19.3 Solvency ratio (Equity / Balance 55.6% 47.4% sheet total)

Major features of the first half-year 2009

Revenue of DOCDATA N.V. has decreased in the first half-year 2009 with EUR 0.8 million to EUR 34.9 million (-/- 2%). Docdata commerce, payments and fulfilment have realised a revenue increase of EUR 4.6 million, IAI industrial systems a revenue increase of EUR 1.6 million and Docdata media a revenue decrease of EUR 7.0 million (of which EUR 4.8 million related to the sold media activities of Docdata media in the UK and the sale of 4D upgrade GmbH in Germany). In the first half-year 2009 a higher gross profit was realised of EUR 10.8 million compared to EUR 9.4 million in the first half-year 2008 (+14%). Gross profit margin in the first half-year 2009 almost reached 31% compared to 26% in the first half-year 2008; both lines of business have contributed to this improvement in gross profit margin.

In the first half-year 2009, an operating profit before financing result (EBIT) has been realised of EUR 2.4 million. The increase with EUR 1 million compared to the first half-year 2008 is for the largest part realised by IAI industrial systems. This is predominantly the result of the higher number of systems that were delivered in the first half-year 2009, while no systems were delivered in the first half-year 2008. In addition to the operating profit, the financing result in the first half-year 2009 has improved with EUR 0.3 million compared to the first half-year 2008, predominantly resulting from lower net interest charges and an improvement in the foreign currency exchange result. Furthermore, income tax expenses have increased with EUR 0.5 million in the first half-year 2009 due to a higher profit before income tax. All combined, this has resulted in a profit for the period which is EUR 0.8 million higher than in the first half-year 2008.

DOCDATA N.V. has maintained its strong financial position with a solvency ratio of 55.6% (31 December 2008: 51.8%). In relation to the Company’s liquidity, the cash surplus position has decreased with EUR 3.5 million from EUR 4.4 million at 31 December 2008 to EUR 0.9 million as at 30 June 2009. DOCDATA N.V. has realised in the first half-year 2009 a net cash from operating activities of EUR 0.2 million. The spending of this total of EUR 3.7 million in cash in the first half-year 2009 is shown in the cash flow statement; the main elements are the distribution of dividend for the year 2008 to the shareholders (EUR 2.0 million), investments in property, plant and equipment and intangible assets (EUR 1.2 million) and the acquisition of (minority share interests in) subsidiaries and investments in associates and other investments (EUR 0.6 million).

Internet service company Docdata realised in the first half-year 2009 a strong increase in the number of unique transactions compared to the first half-year 2008. Each transaction contributes to the success of our customers. We offer customer specific or complete Internet solutions. In the Benelux we have a reputation as the most progressive Internet service company and we are pleased to be part of the secret behind the success of our customers. In Germany and the United Kingdom we have not yet reached this position yet but we will continue to work hard to achieve this in the next few years.

Goals for 2009 and 2010 are:

1. Service Excellence;

2. Growth of the number of transactions;

3. Development of new services.

In addition to the geographical focus, we continue to invest in new services for our customers. As an example of a new service we recently started to offer our e-commerce customers a fully integrated solution for web photography. Through this service our customers are able to present and sell articles in their web shop within 24 hours. This service is offered in-house in our fulfilment centers in order to operate this process as efficient as possible.

An important trend is that more people order online more frequently. We have the impression that this trend is supported by the current economic recession and as a result we expect a further growth also for the coming months. However, we see that the average amount per order decreases but the number of transactions keeps growing.

Michiel Alting von Geusau, CEO of DOCDATA N.V.: “On a monthly basis we process more than one and a half million transactions for our customers. These transactions are realised orders, successful payments, delivered orders and completed returns. We expect that the number of transactions we process will grow further in the coming years. The current economic crisis will have an impact on online spending, the growth will weaken, but also in 2009 the number of e-commerce transactions will further increase.”

The current risks are mainly in terms of the financial position of our customers and the strategic choice of (potential) customers to purchase certain services from external suppliers. Often these decisions are reconsidered in case of takeovers. As a result of this we expect that one of our customers abroad will not renew the distribution contract in 2010. We also see that client acquisition takes much longer in the current economic crisis. Customers clearly need more time to take these decisions.

In the document security market Technology company IAI industrial systems is more and more seen as the highest quality supplier of production systems to personalise and/or secure documents issued by governments. In the document security market IAI industrial systems succeeded to achieve excellent results. IAI industrial systems has an order book of EUR 24.3 million at the end of the first half-year 2009 (31 December 2008: EUR 10.8 million). We therefore expect further growth in the second half-year 2009.

Goals for 2009 and 2010 are:

1. Timely delivery of systems;

2. Realising new orders;

3. Development of new systems with unique features.

Michiel Alting von Geusau, CEO of DOCDATA N.V.: “We are ideally positioned in the market of document security. We can compete with the big players in this market due to our high quality, reliable and customer-specific systems. Despite the credit crisis, we expect that governments will continue to invest in the security of documents.”

Worldwide, we see that many countries hold on to paper holder pages. For this extensive market segment IAI industrial systems has developed BM One systems which process personal data by means of inkjet printing, followed by the application of a protective laminate on the holder page. Although such systems do not embed the laser inscription application, these systems can, depending on customer’s request, include the ImagePerf(R) and/or NumberPerf(R) laser-functionality. With the development of these BM One systems IAI industrial systems has entered a large market segment of the known document security market. Systems with this new technology were already sold and partly delivered to a number of countries, including Romania and Algeria.

Another new development is demonstrated by the SheetMaster and WebMaster systems that can process documents printed in sheets or in web. There is a large variety of documents that can be processed, for example: birth certificates, registration certificates, diplomas, passport pages, documents for levying direct taxes, etc. There is no standardisation of such documents yet. For this reason these systems are equipped with many different options to cover the demands in this market as much as possible. Also here IAI industrial systems entered a new segment in a known market. These systems were already sold and partly delivered to a number of countries, including South Africa and India.

For the recently acquired order from Bulgaria, IAI industrial systems is developing new systems for the decentralised personalisation market. For that purpose the technology of the highly integrated systems, such as the BM One, is made available in small standalone solutions. With this IAI industrial systems again enters a new market.

The above examples illustrate the significant expansion of the product range of IAI industrial systems for the document security market.

IAI industrial systems continued to build a solid network in the solar industry in the first half-year 2009. In this market IAI industrial systems offers production systems for solar cells or panels. Major orders appeared to be postponed due to the credit crisis. Potential customers have postponed the purchase of their new productions systems until they have more certainty about their funding. IAI industrial systems is convinced that the solar market will be growing again as soon as the funds for capital expenditure are available. Nothing has fundamentally changed in this market. Based on this conviction IAI industrial systems will therefore continue to build a network to benefit from after the credit crisis.

The planned growth of IAI industrial systems has already resulted in a workforce that has grown significantly in 2009. In addition, IAI industrial systems also offers a lot of work to temporary staff and to outsourcing partners.

Outlook

The focus in 2009 will be on autonomous profitable growth.

The focus for Internet service company Docdata is on the further development of the Internet service model in Germany and the United Kingdom. The goal is to become a Top 5 player in the coming years. Secondly, the focus is on adding new services, starting in the Benelux. For 2009, we expect further growth, despite the economical market situation; with the clear exception of Docdata media.

In the document security market, Technology company IAI industrial systems has not only realised outstanding results in the first six months of 2009, also the order portfolio is well filled for 2009 and 2010. The focus is on the timely delivery of ordered systems and secondly on the development of new markets through unique solutions. We do not expect any substantial revenue in 2009 in the Solar market.

Accounting policies

The consolidated financial statements of DOCDATA N.V. are prepared in accordance with the International Financial Reporting Standards as adopted by the European Union (hereafter IFRS). For an overview of the significant accounting policies under IFRS, please refer to the 2008 Annual Report that is available at the Company and can also be downloaded from the Company’s corporate website, www.docdatanv.com. The interim financial report has been prepared in accordance with IAS 34 (’Interim Financial Reporting’).

Audit

The financial information included in this interim report and its enclosures have not been audited by the external auditors.

Enclosure with financial information

For a detailed review of the 2009 half-year results please refer to the attached enclosure ‘Interim Financial Information for the half-year ended 30 June 2009′ with Appendix.

Meeting for financial press and analysts

Today, Tuesday 28 July 2009, management of DOCDATA N.V. will discuss the 2009 half-year results in a meeting for which both financial press and analysts have been invited, to be held at 10.30AM Amsterdam time in the Mercurius room of the Financieel Nieuwscentrum Beursplein 5 of NYSE Euronext Amsterdam (Beursplein 5, 1012 JW Amsterdam, telephone +31-20-5505505).

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The listed DOCDATA N.V. exists of two lines of business:

Internet service company Docdata (www.docdata.com) is a European market leader with a strong basis in The Netherlands, Germany and the United Kingdom, and exists of four services:

- Docdata commerce - Docdata payments - Docdata fulfilment - Docdata media

Technology company IAI industrial systems ( www.iai-industrial-systems.com) is a high tech engineering company specialised in developing and building systems for very accurate and high speed processing of all kinds of products and materials. IAI delivers clients globally in the following sectors:

- securing and personalising of security documents - processing of packaging materials - processing of solar cells - processing of other materials

Waalwijk, the Netherlands, 28 July 2009

Responsibility Statement

Statement pursuant to article 5:25d section 2 sub c of the Dutch Financial Supervision Act (”Wet financieel toezicht”, Wft)

The DOCDATA N.V. Management Board declares, that to the best of their knowledge:

1. the interim financial statements of DOCDATA N.V., as set out on pages 8 to 18 of this report, give a true and fair view of the assets, the liabilities and the financial position as at 30 June 2009 and the profit for the half-year ended 30 June 2009 of DOCDATA N.V. and its consolidated subsidiaries;

2. the interim report of DOCDATA N.V., as set out on pages 1 to 6 of this report, includes a true and fair review of the position as per 30 June 2009 and of the development and performance during the half-year ended 30 June 2009 of DOCDATA N.V. and the associated companies, of which the information is included in the interim financial statements. In addition, the interim report gives a true and fair review of the expected developments, investments and circumstances of which the development of revenue and profitability depend.

Waalwijk, 28 July 2009

The Management Board,

M.F.P.M. Alting von Geusau, CEO

M.E.T. Verstraeten, CFO

Interim Financial Information

The interim financial information is prepared in accordance with International Financial Reporting Standards as adopted by the European Union (hereafter “IFRS”) and its interpretations adopted by the International Accounting Standards Board (IASB).

Revenue (in thousands, except percentage Half-year ended Half-year ended figures 30 June 2009 30 June 2008 Revenue by line of business EUR % EUR % Internet service company Docdata 30,709 88.0 33,118 92.8 Technology company IAI industrial 4,187 12.0 2,575 7.2 systems Total 34,896 100.0 35,693 100.0

- The revenue of Docdata decreased with EUR 2.4 million (7%) in the half-year ended 30 June 2009. In the first half-year 2009 the total revenue of the Docdata commerce, Docdata payments and Docdata fulfilment services increased with EUR 4.6 million (26%), including a negative foreign exchange effect of EUR 0.5 million. The increased revenue of these three Internet services has been realised through autonomous growth (+/+ EUR 4.2 million, including the FX GBP effect of -/- EUR 0.5 million) and through the acquisition of Pegasus Mail GmbH per 1st of January 2009 (+/+ EUR 0.4 million). The revenue of the Docdata media service decreased with EUR 7 million in total, of which EUR 4.8 million as a combined result of the sale of the UK media business by docdata media Ltd. on 30 January 2009 and the sale of all shares of 4DU upgrade GmbH on 20 November 2008; the other EUR 2.2 million of this revenue decrease was due to declining revenue from replication activities in Tilburg and Berlin.

- IAI industrial systems’ revenue increased EUR 1.6 million (63%) in the half-year ended 30 June 2009 compared to the half-year ended 30 June 2008. The increase in revenue is mainly caused by a combination of a higher number of security systems delivered in 2009 and a lower revenue from deliveries of subassemblies in the first half-year 2009.

Gross profit (in thousands, except percentage Half-year ended Half-year figures) 30 June 2009 ended 30 June 2008 Gross profit (margin) by line of business (margin as % of revenue by line of business) EUR % EUR % Internet service company Docdata 8,854 28.8 8,583 25.9 Technology company IAI industrial 1,903 45.5 848 32.9 systems Total 10,757 30.8 9,431 26.4

- The gross profit of Docdata increased with EUR 0.3 million (3%). Docdata commerce, Docdata payments and Docdata fulfilment contributed EUR 7.2 million to the gross profit in the half-year ended 30 June 2009 compared to EUR 6.1 million in the half-year ended 30 June 2008, mainly due to growth in the number of transactions. Docdata media contributed EUR 1.7 million to the gross profit in the first half-year 2009 compared to EUR 2.5 million in the first half-year 2008. Notwithstanding the fact that the media business is declining, the Docdata media companies controlled their production costs successfully also supported by a lower cost price of purchased goods.

- The gross profit of IAI industrial systems increased with EUR 1.0 million (24%) in the half-year ended 30 June 2009 compared to the half-year ended 30 June 2008. Both the gross profit and gross profit margin increased due to the delivery of a higher number of security systems in the first half-year 2009.

Operating profit before financing result (EBIT) Selling & Administrative expenses (in thousands, except percentage Half-year ended Half-year ended 30 June 2009 30 June 2008 Operating profit (margin) by line of business (margin as % of revenue by line of business) EUR % EUR % Internet service company Docdata 1,496 4.9 1,354 4.1 Technology company IAI industrial systems 881 21.0 58 2.3 Total 2,377 6.8 1,412 4.0 Selling & Administrative expenses (as % of revenue) Selling expenses 2,314 6.6 2,336 6.5 Administrative expenses 5,897 16.9 5,670 15.9 Total 8,211 23.5 8,006 22.4 Selling & Administrative expenses by line of business (as % of revenue by line of business) Internet service company Docdata 7,189 23.4 7,216 21.8 Technology company IAI industrial systems 1,022 24.4 790 30.7 Total 8,211 23.5 8,006 22.4

- In the half-year ended 30 June 2009 the operating profit of Docdata increased with EUR 0.1 million compared to the half-year ended 30 June 2008. This is the combined effect of an increased gross profit (EUR 0.3 million) and higher other operating expenses (EUR 0.2 million). These other operating expenses of EUR 0.2 million in the first half-year 2009 consist of additional personnel expenses and advisory costs. The operating profit of Docdata commerce, payments and fulfilment in the first half-year 2009 amounts to EUR 1.5 million compared to EUR 1.0 million in the first half-year 2008 and is the result of more transactions and efficiency improvements. In the first half-year 2008 the Docdata media companies contributed EUR 0.3 million to the operating profit, while this decreased to almost nil in the first half-year 2009.

- Operating profit of IAI industrial systems increased EUR 0.8 million in the first half-year year ended 30 June 2009 compared to the half-year ended 30 June 2008. This increase is the combined effect of increased gross profit with EUR 1.0 million and increased selling and administrative expenses with EUR 0.2 million in the first half-year 2009. The increase in operating profit margin in the first half-year 2009 is the result of the sale of a higher number of security systems which have a relative high profit margin compared to other revenue categories. The selling and administrative expenses increased with EUR 0.2 million (29%) due to higher personnel costs as a result of the expansion in number of employees. This enables IAI industrial systems to realise further growth, as well as their entry in the solar market.

Net financing income / (expenses)

Net financing income for the half-year ended 30 June 2009 amounted to nearly EUR 0.2 million compared to net financing expenses of EUR 0.1 million for the half-year ended 30 June 2008. This increase of EUR 0.3 million is caused by higher net bank interest income in the half-year ended 30 June 2009 (effect: nearly EUR 0.1 million) and over EUR 0.2 million higher foreign currency exchange result in the half-year ended 30 June 2009, compared to the financial expenses in the half-year ended 30 June 2008, due to the British pound recovering against the euro since January 2009

Income tax expense

DOCDATA’s effective tax rate in the half-year ended 30 June 2009 was 27.7% with an income tax expense of EUR 0.7 million on a profit before income tax of EUR 2.6 million. In the half-year ended 30 June 2008, the profit before income tax amounted to EUR 1.3 million and the income tax expense amounted to EUR 0.3 million (effective tax rate: 20.4%).

The income tax expense of EUR 0.7 million in the half-year ended 30 June 2009 is the combined result of the following tax treatments of the results per country:

- In the Netherlands, a tax charge has been recorded at a corporate income tax rate of 25.5% on the taxable income for the Dutch fiscal entity as well as for the Dutch subsidiaries that are not part of this fiscal entity.

- In the United Kingdom, income taxes are recorded against a corporate income tax rate of 28.0% (2008: 28.0%). As a consequence of the sale on 30 January 2009 of the UK media business and tangible fixed assets to Sound Performance Manufacturing Ltd., no deferred tax assets on the remaining net operating losses and capital allowances of docdata media Ltd. have been recognised in the consolidated balance sheets at 31 December 2008 and at 30 June 2009.

- In Germany, a tax charge has been recorded at a corporate income tax rate of in general around 30.0% on taxable income for the German entities, taking into account lower income tax rates for some regions in Germany when and where applicable.

Liquidity and capital resources

The General Annual Meeting of Shareholders held on 13 May 2009 approved the proposal to distribute a dividend of EUR 0.30 per ordinary share outstanding (excluding own shares held by the Company), which had a decreasing impact of EUR 2.0 million on retained earnings within the equity of the Company in the half-year ended 30 June 2009.

In the half-year ended 30 June 2009, the Group’s net cash position has decreased with EUR 3.5 million to EUR 0.9 million from EUR 4.4 million at 31 December 2008. Net cash from operating activities amounted to EUR 0.2 million for the half-year ended 30 June 2009 (half-year ended 30 June 2008: EUR 1.0 million). These total available funds of EUR 3.7 million were for a large part spent on the EUR 2.0 million dividend payment. In addition, the Group has invested a total amount of EUR 1.8 million in the half-year ended 30 June 2009: EUR 1.1 million in property, plant and equipment (mainly ware­housing equipment and investment in IT infrastructure); EUR 0.6 million for the acquisition of the remaining minority interests in Braywood Holding Ltd. (14.40% of shares) and docdata commerce Ltd. (29.10% of shares; formerly named Hitura Ltd.), and EUR 0.1 million in intangibles (predominantly IT development costs) and in associates.

In the half-year ended 30 June 2009 31,420 personnel options were exercised from the 2004 series at a price of EUR 4.48 per share. The underlying shares have been delivered by the Company from the own shares in possession of the Company. The proceeds of EUR 141 thousand have been credited to equity under reserves, as the purchase of own shares has been charged to reserves in the past. Per 30 June 2009, the Company owned 351,482 own shares (5.02%), which number is the same as the number of own shares currently owned by the Company per 28 July 2009.

Waalwijk, 28 July 2009

Consolidated Interim Financial Statements 1. Consolidated Balance Sheets Balance sheets before appropriation of profit. 30 June 31 December 2009 2008 (in thousands) EUR EUR Assets Property, plant and equipment 6,277 6,275 Intangible assets 10,286 9,979 Investments in associates 220 174 Other investments 100 100 Trade and other receivables 247 108 Deferred tax assets 696 752 Total non-current assets 17,826 17,388 Inventories 7,156 3,593 Income tax receivables 402 468 Trade and other receivables 11,991 12,868 Cash and cash equivalents 1,613 6,034 Assets classified as held for 95 549 sale Total current assets 21,257 23,512 Total assets 39,083 40,900 Equity Share capital 700 700 Share premium 16,854 16,854 Translation reserves (870) (1,313) Reserve for own shares (2,983) (3,218) Retained earnings 7,727 7,882 Total equity attributable to equity holders of 21,428 20,905 the parent Minority interest 287 292 Total equity 21,715 21,197 Liabilities Interest-bearing loans and other 313 628 borrowings Employee benefits 98 100 Deferred tax liabilities 443 437 Total non-current liabilities 854 1,165 Bank overdrafts 696 1,675 Interest-bearing loans and other 137 94 borrowings Income tax payable 219 323 Trade and other payables 15,068 16,054 Provisions 105 93 Liabilities classified as 289 299 held for sale Total current liabilities 16,514 18,538 Total liabilities 17,368 19,703 Total equity and liabilities 39,083 40,900

2. Consolidated Income Statements

Half-year ended Half-year ended 30 June 2009 30 June 2008 (in thousands, except earnings per share EUR % EUR % and average shares outstanding) Revenue 34,896 100.0 35,693 100.0 Cost of sales (24,139) (69.2) (26,262) (73.6) Gross profit 10,757 30.8 9,431 26.4 Other operating income 53 0.1 21 0.1 Selling expenses (2,314) (6.6) (2,336) (6.5) Administrative expenses (5,897) (16.9) (5,670) (15.9) Other operating expenses (222) (0.6) (34) (0.1) Operating profit before financing result 2,377 6.8 1,412 4.0 Financial income 278 0.8 203 0.6 Financial expenses (97) (0.3) (327) (0.9) Net financing income / (expenses) 181 0.5 (124) (0.3) Share of profits of associates 36 0.1 21 0.1 Profit before income tax 2,594 7.4 1,309 3.7 Income tax expense (718) (2.0) (267) (0.8) Profit for the period 1,876 5.4 1,042 2.9 Attributable to: Equity holders of the parent 1,838 5.3 1,044 2.9 Minority interest 38 0.1 (2) - Profit for the period 1,876 5.4 1,042 2.9 Weighted average number of shares 6,649,000 6,725,000 outstanding Weighted average number of shares 6,962,000 6,985,000 (diluted) Earnings per share Basic earnings per share 0.28 0.15 Diluted earnings per share 0.27 0.15

3. Consolidated Statements of Cash Flows

Half-year Half-year ended ended 30 June 2009 30 June 2008 (in thousands) EUR EUR Cash flows from operating activities Profit for the period 1,876 1,042 Adjustments for: Depreciation and amortisation 1,622 1,847 Costs share options and delivered shares 94 184 Financial expenses 97 327 Financial income (278) (203) Share of profits of associates (36) (21) Income tax expense 718 267 Cash flows from operating activities before changes in working capital and provisions 4,093 3,443 Decrease / increase in trade and other receivables and assets held for sale 1,336 (1,073) Increase in inventories (3,563) (1,318) Decrease / increase in trade and other payables and liabilities held for sale (853) 978 Increase / decrease in provisions and employee benefits 10 (238) Cash generated from the operations 1,023 1,792 Interest paid (165) (210) Interest received 118 195 Income taxes paid (769) (800) Net cash from operating activities 207 977 Cash flows from investing activities Acquisition of property, plant and equipment (1,102) (990) Acquisition of subsidiaries (582) (1,318) Acquisition of associates and other investments (62) (66) Acquisition of intangible assets (57) (479) Proceeds from sale of property, plant and equipment 2 11 Net cash from investing activities (1,801) (2,842) Cash flows from financing activities Dividends paid (2,031) (1,892) Repayment of bank overdrafts (1,185) - Proceeds from exercise of share options 141 47 Proceeds from interest-bearing loans and other borrowings 60 110 Own shares bought - (1,894) Proceeds from bank overdrafts - 377 Net cash from financing activities (3,015) (3,252) Net (decrease) increase in cash and cash equivalents (4,609) (5,117) Cash and cash equivalents at the beginning of the period 6,034 5,586 Effect of exchange rate fluctuations on cash held 188 (169) Cash and cash equivalents at the end of the period 1,613 300

4. Consolidated Statements of Shareholders’ Equity

Share Share Retained capital premium earnings Reserves (in thousands) EUR EUR EUR EUR Equity Statement 2008 Balance at 1 January 2008 731 16,854 (1,674) 5,932 Dividend distribution - - - (1,658) Shares bought - - (1,894) - Exercised share options - - 47 - Delivered shares for remuneration - - 135 - Costs share options - - 49 - Consolidation of former associate - - - - Total recognised income and expense for the period - - (492) 1,044 Balance at 30 June 2008 731 16,854 (3,829) 5,318 Balance at 1 July 2008 731 16,854 (3,829) 5,318 Cancellation of own shares (31) - 31 - Dividend distribution - - - 2 Shares bought - - (22) - Exercised share options - - 1 - Costs share options - - 60 - Consolidation of former associate - - - - Total recognised income and expense for the period - - (772) 2,562 Balance at 31 December 2008 700 16,854 (4,531) 7,882 Equity Statement 2009 Balance at 1 January 2009 700 16,854 (4,531) 7,882 Dividend distribution - - - (1,993) Exercised share options - - 141 - Delivered shares for remuneration - - 37 - Costs share options - - 57 - Consolidation of former associate - - - - Total recognised income and expense for the period - - 443 1,838 Balance at 30 June 2009 700 16,854 (3,853) 7,727

Total equity attributable to equity holders of the parent Minority Total interest equity (in thousands) EUR EUR EUR Equity Statement 2008 Balance at 1 January 2008 21,843 344 22,187 Dividend distribution (1,658) (234) (1,892) Shares bought (1,894) - (1,894) Exercised share options 47 - 47 Delivered shares for remuneration 135 - 135 Costs share options 49 - 49 Consolidation of former associate - 118 118 Total recognised income and expense for the period 552 (2) 550 Balance at 30 June 2008 19,074 226 19,300 Balance at 1 July 2008 19,074 226 19,300 Cancellation of own shares - - - Dividend distribution 2 - 2 Shares bought (22) - (22) Exercised share options 1 - 1 Costs share options 60 - 60 Consolidation of former associate - (6) (6) Total recognised income and expense for the period 1,790 72 1,862 Balance at 31 December 2008 20,905 292 21,197 Equity Statement 2009 Balance at 1 January 2009 20,905 292 21,197 Dividend distribution (1,993) (38) (2,031) Exercised share options 141 - 141 Delivered shares for remuneration 37 - 37 Costs share options 57 - 57 Consolidation of former associate - (5) (5) Total recognised income and expense for the period 2,281 38 2,319 Balance at 30 June 2009 21,428 287 21,715

5. Consolidated Statements of recognised Income and Expense

Half-year Half-year 2009 2008 (in thousands) EUR EUR Foreign exchange translation differences 443 (492) Income / (Expense) recognised directly in equity 443 (492) Profit for the period 1,876 1,042 Total recognised income and expense for the period 2,319 550 Attributable to: Equity holders of the parent 2,281 552 Minority interest 38 (2) Total recognised income and expense for the period 2,319 550

6. Notes to the Consolidated Interim Financial Statements

6.1 Reporting entity

DOCDATA N.V. (referred to as “DOCDATA” or the “Company”) is a company domiciled in Waalwijk, the Netherlands. The consolidated interim financial statements of DOCDATA N.V. as at and for the half-year ended 30 June 2009 comprise DOCDATA N.V. and its subsidiaries (together referred to as the “Group”) and the Group’s interest in associates and jointly controlled entities.

The consolidated financials statements of the Group as at and for the year ended 31 December 2008 are available upon request from the Company’s registered office at Energieweg 2, 5145 NW in Waalwijk, the Netherlands, or at the Company’s corporate website, www.docdatanv.com .

6.2 Statement of compliance

These consolidated financial statements have been prepared in accordance with IAS 34 (Interim Financial Reporting). They do not include all of the information required for full annual financial statements, and should therefore be read in conjunction with the consolidated financial statements of the Group as at and for the year ended 31 December 2008.

6.3 Significant accounting policies

The accounting policies applied by the Group in these consolidated interim financial statements are the same as those applied by the Group in its consolidated financial statements as at and for the year ended 31 December 2008.

6.4 Audit

The consolidated interim financial statements and the reconciliations included in this report and its enclosures have not been audited by the external auditors.

6.5 Management representations

In the opinion of the management, these consolidated interim financial statements include all adjustments necessary for a fair presentation of the financial position, operating results and cash flows of all reporting periods herein. All such adjustments are of a normal recurring nature.

The results of the operations for the half-year ended 30 June 2009 are not necessarily indicative of the results for the entire financial year ending 31 December 2009.

6.6 Organisation structure and segmentation

From 1 January 2008 onwards, DOCDATA has changed the organisation structure from a country organisation to a divisional structure. Starting the financial year 2008, DOCDATA identifies for the purpose of preparing financial statements the following two lines of business: Internet service company Docdata (consisting of the following four services: Docdata commerce, Docdata payments, Docdata fulfilment and Docdata media) and Technology company IAI industrial systems. The segmentation for both comparable financial statements for the half-year ended 30 June 2008 and the half-year ended 30 June 2009 has been prepared accordingly and in a consistent way.

6.7 Consolidation

In the consolidated financial statements for the half-year ended 30 June 2009, the following treatment has been applied for the following incorporation and acquisition:

- IAI industrial systems GmbH: per 12 January 2009, IAI industrial systems B.V. has incorporated a new legal entity for its Germany subsidiary, IAI industrial systems GmbH in Berlin. The balance sheet and income statement of IAI industrial systems GmbH have been included in the DOCDATA consolidation starting per the date of incorporation;

- Pegasus Mail GmbH: on 9 January 2009, docdata e-business GmbH has acquired all issued shares of Pegasus Mail GmbH in Münster (Germany). This company operates fulfilment services related to print and mail. The balance sheet and income statement of Pegasus Mail GmbH have been included in the DOCDATA consolidation starting per the acquisition date.

In the consolidated financial statements for the year ended 31 December 2008, the following treatment has been applied for the acquisitions and divestments mentioned:

- docdata media Ltd.: on 30 January 2009 docdata media Ltd., a part of the docdata media division, has sold its complete business activities for CD and DVD replication and Audio Cassette manufacturing to Sound Performance Manufacturing Ltd., a subsidiary of the UK based Sound Performance Ltd. This transaction includes the sale by docdata media Ltd. as per the transaction date of 30th of January 2009 of its business activities, tangible fixed assets, stocks, customer contracts, trade creditors, personnel and staff. The assets and liabilities part of this transaction have been accounted for at the lower of book value or net realisable value and have been recorded under assets classified as held for sale and liabilities classified as held for sale in the consolidated balance sheet at 31 December 2008.

- docdata e-business GmbH (formerly named ‘Pegasus e-Business GmbH’): DOCDATA has increased its share interest in Pegasus e-Business GmbH in Münster (Germany; formerly named ‘Pegasus Dienstleistungen GmbH’) from 30% to 70%, through the exercise of the call option on 40% of the issued share capital which was part of the original sale and purchase agreement from September 2006. The balance sheet and income statement of Pegasus e-Business GmbH has been included in the DOCDATA consolidation starting 1 January 2008;

- docdata commerce Limited (formerly named ‘Hitura Limited’): DOCDATA has acquired an interest of 61.2% in the issued share capital of Hitura Ltd. in London (England), with an agreement on the purchase of the remaining minority shares between 2008 and 2013. The balance sheet and income statement of Hitura Ltd. have been included in the DOCDATA consolidation starting 1 February 2008. On 2 July 2008, DOCDATA has acquired an additional 9.7% interest in the issued share capital of docdata commerce Ltd., bringing the total DOCDATA share to 70.9% as of that date.

- 4D upgrade GmbH: on 20 November 2008, DOCDATA has sold its share interest of 85.0% in the issued share capital of 4D upgrade GmbH in Groβbeeren (Germany) to the (third-party) minority shareholders, with 30 November 2008 as effective transaction date for the transfer of the share ownership. Therefore, the balance sheet at 31 December 2008 of 4D upgrade GmbH has not been included in the consolidated balance sheet at 31 December 2008, and the revenues and results of 4D upgrade GmbH are included in the 2008 consolidated income statement of DOCDATA for the 11-months’ period from 1 January 2008 till 30 November 2008.

6.8 Property, plant and equipment

30 June 31 December 2009 2008 (in thousands) EUR EUR Land and buildings 1,383 1,449 Machinery and equipment 2,753 2,929 Other 1,971 1,855 6,107 6,233 Under construction 170 42 Total 6,277 6,275

The book value of property, plant and equipment has remained at EUR 6.3 million over the half-year ended 30 June 2008 as a combined result from depreciation charges for EUR 1.2 million, currency exchange profits for EUR 0.1 million on the UK property, plant and equipment accounted for in British pounds, and capital expenditure for EUR 1.1 million.

As a result of the sales process of docdata media Ltd., property, plant and equipment with a book value of EUR 0.4 million at 31 December 2008 was eliminated from property, plant and equipment in the consolidated balance sheet as at 31 December 2008. These assets have been accounted for as assets classified as held for sale in the consolidated balance sheet as at 31 December 2008. In the consolidated balance sheet as at 30 June 2009 these assets are not recorded anymore, given the Asset Purchase Agreement signed with Sound Performance Manufacturing Ltd. at 30 January 2009, as a part of which the property, plant and equipment of docdata media Ltd. were sold.

6.9 Intangible assets

30 June 31 December 2008 2009 (in thousands) EUR EUR Goodwill 6,982 6,562 Customer contracts 637 627 IT platforms 2,667 2,790 10,286 9,979 Under construction - - Total 10,286 9,979

The book value for intangible assets has increased with EUR 0.3 million during the half-year ended 30 June 2009, due to the following:

- goodwill paid (EUR 0.1 million) for the acquisition of the remaining minority interests in Braywood Holding Ltd. (14.40% of shares) and docdata commerce Ltd. (29.10% of shares; formerly named Hitura Ltd.). At 30 June 2009, the Group owns all shares in these subsidiaries with ownership of the economical rights going back to 1st of January 2009;

- capital expenditure in customer contracts and IT platforms (EUR 0.1 million in total);

- amortisation charges for customer contracts and IT platforms (EUR 0.4 million in total);

- currency exchange profits (EUR 0.5 million) on the valuation of the intangible assets with an original value in British pounds (i.e. related to the Braywood and Hitura acquisitions).

6.10 Inventories

30 June 31 December 2008 2009 (in thousands) EUR EUR Raw and auxiliary materials 858 1,050 Work in progress 6,070 2,375 Finished goods 228 168 Total 7,156 3,593

The book value of inventories increased EUR 3.6 million in the half-year ended 30 June 2008, which is predominantly caused by increased work in progress at IAI industrial systems. The largest part of the systems being build, which are included in this work in progress, are scheduled for delivery in the second half-year 2009. IAI industrial systems’ order book increased during the half-year ended 30 June 2009 from EUR 10.8 million at 31 December 2008 to EUR 24.3 million at 30 June 2009.

Corporate website: www.docdatanv.com

Source: docdata N.V.

Further information: DOCDATA N.V., M.F.P.M. Alting von Geusau, CEO, Tel. +31-416-631-100