25th September, 2006

Multimap Headlines in The Sunday Times Microsoft Tech Track 100 League of Fastest-Growing Technology Companies as One of Only Three Companies to Feature for Four Years Running!

Multimap, one of the world’s leading online mapping providers, features in The Sunday Times Microsoft Tech Track 100 League for the fourth time running, as published on 24th September, 2006. Multimap is one of only three companies to feature in the prestigious ranking for four years in a row. According to the report, with sales growth at 50 percent a year from £3.4m in 2003 to £7.6m in 2005, Multimap continues to count among the UK’s fastest-growing, unquoted technology companies.

The Tech Track 100 league table, sponsored by Microsoft, is produced by Fast Track, the Oxford-based research, publishing and networking events company. Tech Track 100 ranks Britain's fastest-growing unquoted technology companies based on 2003-2005 sales growth.

Hamish Stevenson, founder and CEO, Fast Track, said, "Ranking in Tech Track for four years on the trot is no mean feat and shows that Multimap is one of the rare technology companies that has serious staying power. More than half the ventures in this year’s league table are new to it, but the key to staying in on the list is the ability to sustain rapid growth. Multimap is a rare breed: an innovative, professional technology company that had maintained high growth, while continuing to be profitable. Congratulations to the whole Multimap team!”

Commenting on the prestigious listing, Sean Phelan, founder and chairman said, "On behalf of the Multimap teams in London, Sydney, Boston and Istanbul, I am proud to accept this highly-coveted award. This is a very exciting time for Multimap as the online mapping and location-based landscape is changing rapidly, with more and more consumers expecting to be able to access high-quality mapping services wherever they are, whether they’re at their PC in their office or at home, or on the move via their mobile. It’s a high-growth sector and, with Multimap’s household brand name, expert and dedicated team, extensive experience, and innovative and flexible services behind us, we have every confidence that the company will continue to go from strength to strength in the future. We are thrilled to have our continued staggering growth to be recognised for the fourth year in a row by the prestigious Tech Track league!”

About Multimap

Multimap is Europe's leading provider of mapping and location-based services. The company delivers more online maps, point-to-point driving directions and geo-spatial ("where's my nearest?") searches to more companies than any other supplier in Europe. All services are offered on mobile, PDA, kiosk, and interactive TV platforms and in multiple languages.

The public website, www.multimap.com, provides a range of free, useful services to assist with everyday life. Key features include street-level maps of Europe, USA, Canada, New Zealand and Australia; road maps of the world; door-to-door travel directions; aerial photographs; links to location information; and services such as hotel, restaurant and entertainment booking. The public site attracts over 12 million unique users, registers more than 190 million page impressions every month, and is one of the top 10 most visited websites in the UK.

Multimap recently featured in The Sunday Times Virgin Atlantic Fast Track 100 league table of fastest-growing unquoted UK companies across all sectors. In 2006, it featured in the Sunday Times Microsoft Tech Track 100 league of fastest-growing unquoted UK technology companies for the fourth year running. Also in 2006, Multimap won the Innovation category of The Queen’s Award for Enterprise. In 2005, Red Herring named Multimap as one of the top 100 private companies in Europe, and the company featured in Deloitte Touche’s Technology Fast 50 league for London and Southern England.