Picsearch Cooperates with Schibsted Search - Picsearch enters agreement to provide image search for Norway's newest search site

STOCKHOLM, Sweden, November 1, 2005 - Picsearch announced today that it has been selected to power image search for Schibsted Søk, the new search company formed by the Norwegian-based media group, Schibsted. This agreement means that its Norwegian users will now be using Picsearch technology to search for visual content on the Web. Schibsted is one of the leading media groups in Scandinavia with a strong foundation in traditional media and a growing portfolio of websites. Launched today, the new search platform, www.sesam.no, is at the forefront of Schibsted's increasing involvement with new media. "Schibsted is one of the largest and most diverse media companies in the Scandinavian region and we are very pleased that they have chosen Picsearch to power image search on their brand new search site", said Nils Andersson, CEO of Picsearch. "We will continue to work closely with our latest partner to ensure that Norwegian users can always find the images that they need." About Picsearch Picsearch AB creates the image search solutions that power visual search for many of the Web's leading properties. The company syndicates its technology to search engines and portals to enable them to complete their own search package by acquiring powerful image search capabilities. By enhancing the service that they can offer to their users, Picsearch's syndication partners benefit from increased user-traffic and higher revenue. Since Picsearch's inception in 2000, its syndication partners have come to include top Internet properties MSN Search, Ask Jeeves Inc, Lycos Europe GmbH and Lycos Inc. For more information, visit www.picsearch.com. About Schibsted Schibsted is one of the leading media groups in Scandinavia. Its aim is to consolidate, develop and seek growth in traditional media, while identifying possibilities for growth and development within new media. Schibsted's present activities relate to media products and rights in the field of newspapers, television, film, publishing, multimedia and mobile services. The news, information and entertainment is communicated in a variety of formats: paper, the Internet, television, cinema, video, DVD and wireless terminals (mobile telephones, PDAs etc.). Schibsted's headquarters are in Oslo. Most of the Groups operations are based in Norway and Sweden, but the Group has operations in 9 European countries: Spain, France and Estonia among others. For more information please contact: Simon McDonald Tel: +46 8 641 2233 E-mail:simon.mcdonald@picsearch.com