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Extraordinary General Meeting in Total Sports Online ASA

12:30 17/12/2003

At the Extraordinary General Meeting ("EGM") in Total Sports Online ASA ("TSO") held in Oslo, Norway earlier today, the shareholders passed a resolution for a share issue to existing shareholders as of the date of the EGM. Each shareholder will be entitled to subscribe for one (1) lot of shares consisting of 2,000 shares at a subscription price of NOK 6 per share. TSO will on or about 23 December 2003 circulate a prospectus to its shareholders in accordance with Chapter 5 of the Norwegian Securities Trading Act. The subscription period commences on 5 January 2004 and expires at the end of business on 14 January 2004. The subscription price will be due for payment on 23 January 2004.

By reason of the foregoing, the EGM resolved that the Company's share capital will increase with, at a minimum, NOK 5,000 and, at a maximum, NOK 1,603,500 by issuance of, at a minimum, 20,000 shares and, at a maximum, 6,414,000 shares, each having a par value of NOK 0.25.

The EGM further elected Roger Moody and Desmond Kelly, both being well-known personalities within the English sports media, as new and additional Board members. The Board will consequently be composed of the following individuals: Thomas Fussell, Robert Keith, Michael J. Flynn, Morten Opstad, Roger Moody and Desmond Kelly.

Lastly, the EGM resolved certain minor technical amendments to the Company's Articles of Association, among other things, providing that the Company's shareholders must notify the Company of his or her attendance at a general meeting no later than two days before the general meeting.