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Half Year Financial Report 2008

Condensed Consolidated Interim Financial Report for the six months period ended June 30, 2008.

The condensed consolidated interim financial statements of Zenitel NV as of and for the six months period ended June 30, 2008 and 2007, and the audited annual financial statements as of the year ended December 31, 2007 have been prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the EU.