November, 2002

Telenor and Exent Team Up To Provide Subscription Based Gaming and Edutainment Services

Bethesda, Md., November 18, 2002 - Exent Technologies, the global leader in Applications-on-Demand technology, announced today that it has been chosen as a primary technology provider to run Telenor's new Games and Family subscription services, under the iCanal brand.

"Telenor is very happy to cooperate with Exent in bringing out top games and applications to our broadband customers", said Thomas C. Skovholt, Project Leader, at Telenor. "Exent's state of the art technology enables Telenor to exploit multiple business possibilities to effectively differentiate our broadband products, increasing user loyalty and decreasing churn rates".

The new iCanal portal, which was launched today, is the main premium games and education on-demand broadband service in Norway. It offers Telenor subscribers a wide variety of PC-based software applications from their home computers to play and learn. Telenor currently offers the service on a subscription and rental basis, significantly lowering the pricing barriers normally associated with software purchases.

"We are very happy to work with Telenor, implementing our EXEtender™ platform, enabling Norwegian users to enjoy on-demand educational and entertainment software", said Zvi Levgoren, CEO of Exent. "Telenor is the first service provider worldwide to offer a full educational service in conjunction with gaming, an important step in the direction of better meeting customers' needs, tastes and expectations when subscribing to a broadband service."


About Telenor
Headquartered in Oslo, Norway, Telenor is an international provider of high quality telecommunications, data and media communication services. Telenor is one of Norway's largest companies with revenues in 2002 of approx. NOK 48.8 billion and a work-force of 22,100 domestically and abroad. Telenor is listed at the Oslo Stock Exchange (TEL) and Nasdaq in New York (TELN).

About Exent Technologies
Exent is the market leader in technology solutions for secure digital delivery of gaming and application software for service providers who look to digitally distribute, manage & monetize a digital gaming & applications-on-demand service. Exent delivers products & solutions that support multiple markets - gaming, education, enterprises, ISVs and others. Exent's technology enables to deploy various business models - purchases, subscriptions, rentals, try-before-you-buy - through full download & streamed modes, for offline and online use. Exent's DRM solution dramatically reduces software piracy and ensures enforcement of licensing restrictions.
Major shareholders include: America Online, Bezeq (Israeli Telco), Comcast, Concord Ventures, Geyser Business Enterprise, New Enterprise Associates, Temasek Holdings and Singapore Telecommunications (Singtel). Exent has offices in Bethesda, MD and Tel-Aviv, Israel. For more information please see www.Exent.com