Positive momentum in US and UK markets drives LBi's revenue growth and margin improvement

LBi - the global digital marketing and technology agency today announces its
first quarter results 2010

Executive Summary

Positive momentum in US and UK markets drives LBi's revenue growth and margin
improvement

First quarter highlights
Net sales up 6.1% to EUR 36.5 million, reflecting continued strong progress at
both commercial and operational levels across the US and the UK, with markets in
continental Europe being more hesitant.

Adjusted EBITDA (excluding restructuring charges related to headcount and
property rationalisation) increased by 24.4% to EUR 4.5 million, reflecting an
improvement of adjusted EBITDA margin to 12.4%.

Particularly strong EBITDA performance in most advanced US and UK markets, where
clients are increasingly shifting spend to agencies that blend direct response,
data and digital skill sets

Central and Southern Europe remains more tentative. Rebound in German and Nordic
markets; Netherlands performing well; LBi are confident of good steady progress
throughout 2010.

Earnings per share in the first quarter came in at EUR -0.01 (-0.04).

Good progress on merger with Obtineo; approval obtained from LBi shareholders
paves way for creating the largest marketing and technology agency in Europe;
completion and new NYSE Euronext listing scheduled for July 2010.


Financial Highlights
+------------------------+---------+---------+------------------+--------------+
|EUR million             |Jan-March|Jan-March|Change at constant|Organic Growth|
|                        |2010     |2009     |rates*            |              |
+------------------------+---------+---------+------------------+--------------+
|Net sales               |36.5     |34.6     |6.1%              |4.7%          |
+------------------------+---------+---------+------------------+--------------+
|EBITDA                  |2.0      |0.0      |                  |              |
+------------------------+---------+---------+------------------+--------------+
|EBITDA adjusted**       |4.5      |3.8      |24.4%             |              |
+------------------------+---------+---------+------------------+--------------+
|EBIT margin adjusted**  |12.4%    |10.9%    |                  |              |
+------------------------+---------+---------+------------------+--------------+
|Restructuring           |-2.5     |-3.8     |                  |              |
+------------------------+---------+---------+------------------+--------------+
|EBIT                    |0.5      |-1.7     |                  |              |
+------------------------+---------+---------+------------------+--------------+
|Net result              |-0.4     |-2.5     |                  |              |
+------------------------+---------+---------+------------------+--------------+
|Earnings per share (EUR)|0.01     |-0.04    |                  |              |
+------------------------+---------+---------+------------------+--------------+
*    Change rates reflect year-on-year comparisons, adjusted for exchange rate
fluctuations.
**  Adjusted numbers exclude EUR 2.5 million restructuring costs related to
headcount and property rationalisation

SEK are used as functional currency in the LBi Group and EBITDA margins and
other growth measures are calculated from SEK.


A word from the CEO
This is a good first quarter for 2010 with year-on-year revenues and EBITDA
growing by 6.1% and 24.4% respectively at constant rates. Our performance
reflects the positive momentum in our most mature UK and US markets and the
start of recovery in other territories.

In the quarter, we saw significant year-on-year growth in key UK and US markets,
both for topline and EBITDA. The revenue growth in the UK and US came in at 14%
and 25% respectively at constant rates. Furthermore UK EBITDA adjusted increased
by 32% and US EBITDA adjusted increased by 38% at constant rates compared to the
first quarter of 2009. The improvements demonstrate the success of our service
extension strategy.  Our offer is proving to be highly relevant in advanced
markets where buyers are increasingly shifting spend to agencies that blend
direct response, data and digital skill sets.

 Performance in Central & Southern Europe remains more tentative. Revenues for
the region were down 8% at constant rates. Our Dutch operations continued to
track well to plan and our digital activities in Germany are well ahead of
targets and flourishing. However, as anticipated, our German branding business
Meta continued to struggle in difficult market conditions. We firmly believe
that from Q2 onwards Meta will start to deliver strong incremental
quarter-on-quarter improvement over the rest of the year. This confidence is
driven by improved revenue visibility, an increase in inbound order values and
significant recent new business success.

In our smallest region, the Nordics, we saw a strong rebound with revenues and
profits up 22% and 308% respectively at constant rates year-on-year. This was a
consequence of management changes, acceleration in spending across our existing
client base and solid momentum driven by the integration of Triple in
Copenhagen, which we acquired in February this year.

Clients have responded very positively to the recent merger with Obtineo and the
consequent ability to deliver best in class search engine marketing into all our
key markets. In the quarter, we have immediately started to initiate cost
savings and synergies attributable to merger. To this end, we recorded EUR 2.5
million of restructuring costs relating mainly to headcount reduction and
property rationalisation in areas where we are consolidating all functions and
operations. The merger completion process, the intended delisting from Nasdaq
OMX in Stockholm and the preparations for the new primary listing on NYSE
Euronext Amsterdam are all tracking well to plan.

 The full transaction, including the attached rights issue is expected to be
completed in the course of the summer period. The future funds to be provided by
Obtineo and the intended rights issue give us the opportunity to strengthen our
leading position in online marketing and technology services and enable us to
accelerate our growth strategy.


Luke Taylor, CEO

Contacts
Luke Taylor, CEO , LBI International A B
+44 20 7063 6465, luke.taylor@lbi.com

Huub Wezenberg, C FO, LBI International A B
+31 20 460 4500, huub.wezenberg@lbi.com

Eva Ottosson, Group Communications Manager,
LBI International A B
+46 709 41 21 40, eva.ottosson@lbi.com

About LBi
LBi is a global digital marketing and technology agency, blending insight,
creativity and expertise to solve business problems. The largest genuinely full
service agency of its kind in Europe, LBi provides the full range of digital
capabilities, including digital strategy, branded content, service design,
media, CRM , technology, managed hosting and support services. The Company
employs approximately 1,400 professionals located primarily in the major
European, American and Asian business centers; such as Amsterdam, Atlanta,
Berlin, Brussels, London, Milan, Mumbai, New York, Paris and Stockholm. LBi is
listed on Nasdaq OM X in Stockholm and NYSE Euronext in Amsterdam (symbol: LBI).



[HUG#1409749]