"

A team of 20 begins work on the project this month.statoil.

Baker Capital and Nordic Capital Agree to Sell C More Group to European Media Company SBS Broadcasting

Funds managed by Baker Capital and Nordic Capital each own
approximately 50% of C More Group which was formed when the firms acquired
Canal+ Television AB from Vivendi Universal in October 2003.

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Statoil's use of new technologies is expected to extend the lifespan of
existing oil and gas fields, while increasing safety measures and reducing
the risks of environmental issues .

About IBM

IBM is the world's largest information technology company, with more than
80 years of leadership in helping businesses innovate. The channels are distributed by satellite, cable , broadband and the
digital terrestrial network.

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"With global energy demands increasing, oil companies need to extract oil
more efficiently. One of the
world's biggest sellers of crude oil , Statoil is also a major supplier of
natural gas in the European market and has substantial industrial
operations.ibm.
"We are very pleased with the way the C More Group has developed over the
term of our ownership of the business and believe that management, under the
leadership of Marc -Antoine d'Halluin, has done an excellent job of creating a
valuable strategic asset," said Robert Manning, Partner of Baker Capital.

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About Nordic Capital
Nordic Capital is a leading private equity firm with a first rate proven
team and a long track record of making successful investments in the Nordic
mid-market.

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V.:
SBS) through its wholly owned subsidiary Kanal 5 Holding AB for Euro 269.
In the 14 months that Baker Capital and Nordic Capital have owned the
company, the company grew subscribers by nearly 100,000, reformatted and
relaunched the channels, upgraded program scheduling to a prime-time format,
increased the number of channels from three to five, renewed major sports
rights including Premier League and Serie A, renegotiated movie rights
contracts, added new forms of distribution including broadband and mobile , and
introduced wagering on sports matches.

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For more information, visit
http://www. "We
are delighted with the terms of the sale of the company and are pleased to be
delivering a strong return to our investors. The Company
provides premium television programming to subscribers through distributors
for a monthly fee as well as pay-per-view services.

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PRESS RELEASE IBM and Statoil to Develop Innovative Solutions for Oil and Gas Operations

For the Statoil project, IBM has tapped its wide range of oil industry
business consultants and technology experts, as well as IBM research, the
world 's largest IT research organisation, using middleware based on open
standards.
"Statoil's application of research and information technology represents
true innovation for the oil industry, combining the business of oil and gas
production with advanced information technology and advanced analytics to
make a real difference.

For C More Group this is an excellent opportunity
in a rapidly transforming industry.

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The solutions are also expected to be
applied for the development and production of new oil fields in areas of
adverse conditions including the North Atlantic Ocean and the Barents Sea.com/industries/chemicalspetroleum.
C More Group is the leading premium pay-TV provider in the Nordic region
and operates the Canal+ channels in Sweden, Norway, Finland and Denmark.

About SBS Broadcasting
SBS Broadcasting is a European commercial television and radio
broadcasting company with operations in Western and Central Europe. Since its inception in 1989, expansion capital has been provided
to more than 50 companies.

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The agreement
was signed by a consortium of leading oil industry providers; ABB, IBM,
Aker Kvaerner and SKF. (Nasdaq: SBTV; Euronext Amsterdam N. The Company has long-
term exclusive rights agreements with most of the major Hollywood movie
studios and several local distributors and holds the live broadcast rights to
the most popular sports leagues including Premiere League (English football),
Serie A (Italian football), Allsvenskan (Swedish football ), Tippeligan
(Norwegian football), NHL, and Elitserien (Swedish ice hockey).

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Statoil is listed
on the Oslo and New York stock exchanges.

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For more information, visit
http://www. We are very pleased to see that SBS values the
transformation that we have achieved.5 billion under management. The
firm 's proven investment strategy creates value by actively implementing a
broad corporate agenda.

They inhabit the Arctic and subarctic areas of Norway, Sweden, Finland and western Russia.

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IBM has entered into an agreement with
Statoil, one of the world's biggest sellers of crude oil and natural gas,
to develop solutions for existing and new oil and gas fields."
The transaction is subject to competition authority approval and is
expected to close in the second quarter of 2005.

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The sellers were advised in the transaction by Morgan Stanley (financial)
and Vinge (legal). Nordic Capital has an extensive network of contacts
and a deep understanding of different industries in the Nordic market.

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The agreement with IBM and the other partners underlines Statoil's
commitment to be an oil industry leader while also developing future
technologies.

The project will provide a basis for the smart sensing of field operations,
the integration of processing and interpretation applications, and
collaborative decision-making across the enterprise.

About Baker Capital
Baker Capital, founded in 1995, is a New York based private equity firm
with $1.

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About Statoil

Statoil is an integrated oil and gas company with 25,400 employees and
activities in 31 countries.

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Solutions and innovation include:

-- Sensing (Recognisers, Signal Processing , Pervasive Field Operations)
-- Integration (Service Orientated Architecture, Plant Data Integration ,
Predictive Maintenance, Enterprise Resource Planning & Enterprise Asset
Management) and
-- Collaboration (Visualisation, Knowledge Management, Business
Intelligence, Portfolio Optimisation , Change Management)

The consortium views the project as a means of field testing new
technologies , expected to strengthen the competitive stance of the
Norwegian supplier industry and North Sea market players in the
international oil arena. Its total revenues in 2004 came to NOK 306."
Anders Hultin, Partner of Nordic Capital, said, "The combination of C More
with SBS Broadcasting will create a significant force in the commercial TV
space in the Nordic region.

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The total value of the three and a half year project
is around 15 million euro.

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Statoil is one of the
world's most environmentally efficient producers and transporters of oil
and gas. The combination will strengthen C More's
already strong market position and leverage its core capabilities.

About C More Group
C More Group is the leading premium pay television provider in the Nordic
region, serving Sweden, Norway , Finland and Denmark.

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The group is operator for 60 per cent of all Norwegian oil and gas
production , and its international production is rising steeply. Its goal is to create value for its owners through profitable and
safe operations and sustainable commercial development. NEW YORK, Baker Capital , a private equity firm
investing in digital communications businesses, and Stockholm-based Nordic
Capital, announced today that they have signed a definitive agreement to sell
C More Group to SBS Broadcasting S.6
million in cash.

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Countries
where SBS currently has broadcasting assets include: Belgium (Flanders),
Denmark, Finland, Greece, Hungary, The Netherlands, Norway, Romania and
Sweden . Nordic Capital's funds have attracted leading Nordic
and international institutional investors.

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2
billion. The
company has over 770,000 subscribers and had revenues of Euro 181 million in
2004 . Baker Capital makes investments in
communications-focused companies at all stages of development . The partners
of Baker Capital have extensive private equity and operational experience
allowing the firm to provide its portfolio companies with not only capital,
but also global strategic thinking and relationships.

Their languages belong to the Finno-Ugric languages.

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com.A. The two companies have a very strong
strategic fit where both companies have leading market positions in their
respective market segments.

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IBM's Intelligent Oil Field technology enables companies
such as Statoil to monitor and manage oil deposits and production in real
time, adjusting production based on market demand and across a network of
oil fields," says Morten Thorkildsen, General Manager, IBM Norway . The group has service stations in the Scandinavian countries,
Ireland, Poland, the Baltic states and Russia. IBM Chemicals and
Petroleum industry brings together IBM resources, including information
technology, deep industry insights, research, plus engineering and design
expertise, to help clients in the oil and gas industry to serve their
customers better, work more efficiently and become on demand businesses.

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