Vizrt Reports H1 and Q2 2010 Results Strong revenue growth

Improved operating margins

2 Bergen, Norway, August 12, 2010. Vizrt Ltd. (Oslo Main List: VIZ) For the first six months of 2010, the Company recorded a 26% revenue growth compared to 2009. All business areas contributed to the positive revenue development, with the strongest growth in BG and MAM. Geographically, the Americas led the growth, followed by a stable growth in Europe. A positive shift in the product mix sold, including a higher portion of new licenses, led to improved margins and operational result. HIGHLIGHTS H1 and Q2 2010 Revenues MUSD 48.0 and MUSD 24.2 up 26% and 17% compared to same periods LY.

EBIT of MUSD 2.6 in H12010 and MUSD 2.4 in Q2 2010 corresponding to a 10% and 5% margin, compared to MUSD -1.8 (-5%) and MUSD 0.5 (3%) in the same periods LY.

EBITDA1 of MUSD 3.9 corresponding to a 16% margin compared to MUSD 2.0 (10%) in Q209.

The Company posted a net profit of MUSD 0.6 (1%) in H12010 and MUSD 1.1 (4%) in Q2 2010 compared to MUSD -1.3 (3.5%) and MUSD 0.8 (4%) in the same periods LY.

Backlog to date amounts to MUSD 37.8, up 37% compared to the same period LY.

Subsequent to the quarter’s end, the Company acquired the remaining 70% of Adactus AS on July 12, 2010, complementing Vizrt’s workflow solution. Adactus will be consolidated starting from Q3 2010.

Martin Burkhalter, Vizrt CEO, commented on the results, “Our results for the second quarter of this year confirm the positive developments we reported earlier in the year. Even though markets have not fully settled, uncer-tainty has reduced markedly and as a result we anticipate business for the remainder of the year to be solid. Broadcasters are coming back to the table, something that was especially evident in MAM, where more RFPs were put out. What is more, in MAM we are witnessing a clear uptake in activity related to long-term strategic investments, a clear expression that MAM is a must have, a development we have anticipated for some time and we believe is now becoming reality.”

Results Overview In KUSD Q2 2010 Q2 2009 Change in% Q1 2010 Change in

% Revenue 24,245 20,744 17% 23,708 2% Gross Profit 15,650 12,117 29% 13,843 13% Gross Margin 65% 58% 58% EBITDA 3,892 2,031 92% 1,776 119% EBITDA-Margin 16% 10% 7.5% Net Profit (loss) 1,067 761 40% (448) 338% Net Profit-Margin 4% 4% (2%) EPS 0.02 0.01 100% (0.007) 386% Backlog 37,797 27,523 37% 36,148 5% Cash Position 51,350 45,265 13% 51,693 -1%

1 EBITDA: Earnings before interest, tax, amortization and depreciation

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Mr. Burkhalter continues: “The overall improvement of the market conditions and in our commercial operations also had a clear effect on our gross margin and bottom line. Especially a change in product mix towards more new licenses in relation to professional services in the MAM area contributed to the reported improvements.“

“Our top line results for the second quarter could have been even better, bar for three developments in the mar-ket: Firstly, the strong recovery of the US Dollar compared to other currencies and especially the Euro had a sig-nificant impact on our top line. Secondly, the effects of the Vulcano eruption in Iceland earlier this year delayed certain sales efforts, affecting our Q2 top line. Finally, the political instability in Thailand, currently one of our more important markets in Asia Pacific and also used as a hub for the region, had a clear negative impact on revenue development in this area.” Vizrt Product Lines and Geographical Overview Broadcast Graphics (BG) BG, accounting for 72% of total revenues, led growth in H110 compared to H109. In both Q1 and Q2 2010, a strong recovery in demand for the Company’s core BG product line was witnessed with revenues up 33% YoY. We believe our structural changes are starting to yield effect, with regionalization programs further driving BG sales in traditionally underserved markets. Media Asset Management (MAM) MAM continues to show a strong recovery. For H1 2010, MAM revenues came in at MUSD 9.4, up 31% compared to H1 2009 and up 23% compared Q2 2010 to Q2 2009. The main reasons for the increase in MAM revenues were the general improvement of the market conditions, a growth in RFPs related to strategic investments, our ability to convert a large part of the outstanding RFPs into business for Vizrt and our improved capacity to de-liver projects. Furthermore, our competence in delivering integrated workflow solutions is paying dividends, especially where strategic investments are concerned. MAM is the second largest revenue contributor with a share of 20% in H1 2010. Online (ONL) The Online market has overall still not improved much, but we can see some encouraging signs in Q2. H1 2010 revenue was MUSD 3.8, compared to MUSD 4.6 in H1 2009, down 18%. However, in Q2 2010 revenues came in at MUSD 2.1, up 8% compared to Q2 2009 and up 30% compared to Q1 2010. The revenue pickup is attributed to the integrated offerings from our product lines such as ONL, MAM and Mobile streaming. ONL contributed 8% to revenue in H1 2010. H1 2010 Revenue Breakdown Quarterly Revenues by Regions by Product Line

72%

20%

8%

BG MAM ONL

0

5

10

15

EMEA Americas AsiaPacific

3Q09 4Q09 1Q10 2Q10

4 Geographical Overview H1 2010 saw a return to growth for all regions as compared to H1 2009. The strongest growth was recorded in The Americas, with revenues up 45% to MUSD 11.7 in H1 2010, as compared to MUSD 8.1 in H1 2009. Growth in the EMEA region was 24%, with revenues up to MUSD 26.8 in H1 2010, as compared to MUSD 21.6 in H1 2009. Revenues in the APAC region were up 14% to MUSD 9.4 in H1 2010 from MUSD 8.3 in H1 2009, despite a weak Q2 2010 mainly due to the political unrest in Thailand. FINANCIALS Gross Profit and Gross Margin The gross margin for H1 2010 was 61% as compared to 59% for the same period LY. The increase is mainly due to a lower HW portion in the product mix. The gross profit was affected by a MUSD 1.5 amortization of intangi-ble assets from acquisitions in H1 2010, compared to MUSD 1.6 in H1 2009. Adjusted for these amortization effects, the gross margin was 65%, compared to 63% LY. Operating Expenses Total operating expenses in H1 2010 were MUSD 26.9, up 12% compared to the same period LY. The increase is mostly due to the regionalization efforts the Company has been implementing since late 2009. Both R&D and the Sales Organization are focused on developing, marketing and selling our integrated workflow solution offer-ing across the three product lines. Developing and building such competence in the three global regions carries associated costs, which we expect will start paying off in the coming years. However, Q210 OPEX is down MUSD 0.4 (-3%) compared to Q110. This decrease in OPEX is mainly attributed to currency exchange rates. Operating expenses summary

In KUSD H110 H109 Q210 Q209 Q110

R&D 7,545 6,888 3,685 3,220 3,860 S&M 14,557 12,679 7,258 6,186 7,299 G&A 4,835 4,519 2,319 2,169 2,516 OPEX 26,937 24,086 13,262 11,575 13,675

Order backlog The order backlog as of August 9, 2010 was MUSD 37.8, up 37%, compared to LY MUSD 27.5, and up 5% com-pared to the Q1 2010 results release date. BG backlog was at MUSD 19.7, MAM backlog at MUSD 12.7, ONL backlog at MUSD 4.4 and Mobile streaming, related to Adactus, at MUSD 1.0. For BG and ONL the backlog were significantly higher than the comparable backlog for the same period LY (100% and 82% respectively) whereas for MAM the backlog was down 17% comparing to same period LY. Balance Sheet, Cash Flow and Liquidity Cash flow generation from operating activities in H1 2010 was MUSD 3.6 compared to MUSD 1.5 in H1 2009. Vizrt has a strong financial position with no interest-bearing debt and a net cash position of MUSD 51.4 as of June 30, 2010 (including MUSD 0.9 restricted cash), compared to MUSD 50.0 as of December 31, 2009. Fur-

5 thermore shareholders’ equity as of June 30, 2010 was MUSD 97.7, which is equivalent to an equity ratio2 of 77%. Organization At the end of June 30, 2010, the Company had 519 employees, compared to 473 as the end of June 30, 2009. This increase is mainly due to increased staffing in low cost countries and steps in implementing the regionali-zation restructuring of the company. OUTLOOK Martin Burkhalter, CEO of Vizrt, stated, “The positive trends we signaled in our previous results releases con-tinue to hold true. Improvements in the general market conditions, combined with technology driven change, such as the migration to HD and to file based workflows, contributed to the strong growth we posted. Our ef-forts to strengthen and integrate our operations at the regional level are also starting to pay dividend. For the remainder of this year we therefore expect this development to continue, especially in BG and MAM.” “We continue to invest in our technological and organizational development, which means that in the short term our operating costs vs. revenue will be slightly higher than in pre-crisis times. However, we are making these investments with a view of the future where we foresee continuing substantial changes in the digital media uni-verse that require an innovative and regionally focused organization. Parts of our investments are in low cost countries where incredible talent is available to help us remain a step ahead of both market developments and the competition while at the same time working to improve our margins.” “In summary, we believe that the recovery in the markets, combined with our strong product offering, positions us well to continue our growth path towards the revenue and margin levels we achieved prior to the economic down turn. We have a strong and very dedicated organization, are financially sound and have an impressive product portfolio. This allows us to continue to strengthen our market position and help our customers to meet the challenges and opportunities in the rapidly changing digital media world.” Combined Analyst Conference & Conference Call A combined Analyst Conference and Conference Call will be held at 09:30 a.m. (CEST) at DnBNor Head Offices, Stranden 21 in Oslo and via telephone +47 24 159 584 (Norway), +49 69 247 501 891 (Germany), +44 203 147 48 62 (UK). In order to follow the slide presentation online, please login at http://www.meetyoo.de/loginseiten/easyweb.html access code: VizRTGuest The Q3 2010 results will be released on November 11, 2010. Contacts Martin Burkhalter Ofra Brown SCHWARZ Financial Communication

CEO CFO Frank Schwarz

+41 79 795 24 48 +47 5351 8040 +49 611 1745 398 11

mbu@vizrt.com ofra@vizrt.com schwarz@schwarzfinancial.com

2’ equity divided to Total liabilities and Equity

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SHAREHOLDER related Information As of June 30, 2010, the Company had a total of 65,098,133 shares outstanding. Shareholders as of June 30, 2010

Shareholder No. of shares % of shares FSN Capital III *) 10,664,003 16.38% Orkla 6,511,748 10.00% Directors & Officers 3,740,139 5.75% Odin 4,874,059 7.49% Alfred Berg Group NO 3,744,200 5.75% Holberg Fund AS 3,864,536 5.94% Employees 2,246,688 3.45% Public 29,452,760 45.24% Total 65,098,133 100.00% * Company controlled by a member of the Board. This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations or beliefs of Vizrt's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market require-ments, the company’s concentration on one industry, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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VIZRT LTD. CONSOLIDATED STATEMENTS OF INCOME U.S. dollars in thousands (except share and per share data)

Year ended

Six months ended June 30,

Three months ended June 30,

December 31,

2010 2009 2010 2009 2009 Unaudited Unaudited Revenues $ 47,953 $ 37,939 $ 24,245 $ 20,744 $ 85,604 Cost of revenues 18,460 15,665 8,595 8,627 35,167 Gross profit 29,493 22,274 15,650 12,117 50,437

Operating expenses: Research and development 7,545 6,888 3,685 3,220 13,591 General and administrative 4,835 4,519 2,319 2,169 8,806

Selling and marketing 14,557 12,679 7,258 6,186 26,986 sWrite-off - - - - 9,025

Total operating expenses 26,937 24,086 13,262 11,575 58,408 Operating income (loss) 2,556 (1,812) 2,388 542 (7,971) Financial expenses (income), net 1,451 (799) 996 (445) (1,086) Other expenses - - - - 1,321 Income (loss) before taxes 1,105 (1,013) 1,392 987 (8,206) Taxes on income (tax benefit) 486 316 325 226 (1,841) Net income (loss) $ 619 $ (1,329) $ 1,067 $ 761 $ (6,365)

Basic net income (loss) per share $ 0.01 $ (0.02) $ 0.02 $ 0.01 $ (0.10) Diluted net income (loss) per share $ 0.01 $ (0.02) $ 0.02 $ 0.01 $ (0.10) Weighted average number of shares used in computing basic net income per share

65,085,883

64,975,783 65,096,133

65,000,633 64,991,731 Weighted average number of shares used in computing diluted net income per share

67,081,008

64,975,783 67,031,748

66,697,642 64,991,731

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VIZRT LTD. CONSOLIDATED STATMENTS OF FINANCIAL POSITION U.S. dollars in thousands

June 30, December 31, 2010 2009

Unaudited ASSETS

CURRENT ASSETS: Cash and cash equivalents $ 50,455 $ 49,656 Restricted cash 895 354 Trade receivables, net 21,113 21,659 Other accounts receivable and prepaid expenses 2,830 3,704 Inventories 4,379 3,776

TOTAL CURRENT ASSETS 79,672 79,149

LONG-TERM ASSETS 1,879 1,695

PROPERTY AND EQUIPMENT, NET 4,224 4,351

OTHER ASSET 715 778 INTANGIBLE ASSETS, NET 10,260 13,421

GOODWILL 29,684 32,307

TOTAL ASSETS $ 126,434 $ 131,701

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VIZRT LTD. CONSOLIDATED STATMENTS OF FINANCIAL POSITION U.S. dollars in thousands

June 30, December 31, 2010 2009 Unaudited LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Trade payables $ 3,497 $ 4,992 Deferred revenues 8,071 6,604 Employees and payroll accruals 3,360 3,379 Tax accruals 7,227 7,398 Other accounts payable and accrued expenses 3,649 3,420 TOTAL CURRENT LIABILITIES 25,804 25,793 LONG-TERM LIABILITIES: Deferred Taxes 2,397 3,256 Other non- current liabilities 577 747 2,974 4,003 SHAREHOLDERS' EQUITY: Share capital

155 155

Additional paid-in capital 150,864 150,850 Accumulated other comprehensive loss (7,581) (2,700) Accumulated deficit (45,782) (46,400) TOTAL SHAREHOLDERS' EQUITY 97,656 101,905 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 126,434 $ 131,701

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VIZRT LTD. CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands

Six months ended Year Ended June 30, December 31, 2010 2009 2009

Unaudited Net Income (loss) $ 619 $ (1,329) $ (6,365)

Adjustments required to reconcile net income to net cash provided by operating activities:

Depreciation 1,078 1,073 3,002 Amortization of intangible assets 2,020 2,087 4,293 Write off of goodwill and impairment of an investment

- - 10,346

Changes in assets and liabilities; Accounts receivables and other receivables 542 350 1,813

Inventories (957) 303 (9) Deferred tax (789) (21) (890) Account payables and other liabilities 1,060 (965) (4,603) Cash flows from operating activities: 3,573 1,498 7,587 Cash flows from investing activities: (1,585) (2,061) (3,774) Cash flows from financing activities: 6 88 127 Effect of exchange rate changes on cash and short term deposits

(1,195) 258 730

Increase in cash and short-term deposits 799 (217) 4,670 Cash and short-term deposits at the beginning of the period

49,656 44,986 44,986

Cash and short-term deposits at the end of the period

$ 50,455 $ 44,769 $ 49,656