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Quarterly statement of shareholdings.

Europe Intelligence Wire

| September 24, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Hugin)

In accordance with Section 37 of the Danish Securities Trading Act, ISS is required to report the shareholdings of officers with access to non-published information, which may affect the price of ISS shares.

ISS' internal rules on insider trading define the relevant officers as members of the Board of Directors of ISS A/S; members of the Executive Management Board; officers and all other employees of ISS A/S and subsidiaries who share premises with ISS A/S; members of the Board of Directors and the Board of Management of ISS' largest subsidiaries and officers and employees in the ISS Companies, as identified by the managing directors of such companies. Furthermore, the internal rules include the Group's elected auditors. The reported holding of ISS shares also includes holdings of the officer's spouse/cohabitant and children under the age of 18 as well as any corporate body controlled by the officer. Following the release of the Interim Report, January - June on 26 August 2004, the relevant officers were permitted to trade ISS shares for a four-week period, which expired on 23 September 2004. The shareholdings of the relevant officers as at 23 September 2004 are as stated below: ...

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