EIGER TECHNOLOGY, INC.

Unaudited Consolidated Financial Statements

for the three months ended March 31, 2005

Unaudited, prepared by Management
(Stated in Canadian Dollars)

The unaudited interim consolidated financial statements of Eiger Technology, Inc. (the “Company”) have not
been reviewed by the auditors of the Company. This notice is being provided in accordance with
section 4.3(3)(a) of the National Instrument 51-102 Continuous Disclosure Obligations.

EIGER TECHNOLOGY, INC.
Unaudited Consolidated Balance Sheet

	March 31 2005 (Unaudited)			September 30 2004 (Audited)
	$			$
Assets
Current
Cash and Marketable Securities		272,000			275,000
Accounts Receivable		846,000			2,221,000
Inventories		—			1,648,000
Prepaid Expenses		27,000			128,000
		1,145,000			4,272,000
Capital Assets (note 2)		1,428,000			2,498,000
Long-term Investments		96,000			96,000
Other		—			182,000
		2,669,000			7,048,000
Liabilities and Shareholders’ Equity
Current
Bank Indebtedness		—			1,847,000
Accounts Payable and Accrued Liabilities		2,286,000			5,103,000
Deferred Revenue		423,000			333,000
Current Portion of Long-term Debt		265,000			500,000
		2,974,000			7,783,000
Long-term Debt		—			347,000
Non-Controlling Interest		(284,000	)		(4,356,000	)
Shareholders’ Equity
Share Capital		43,297,000			43,297,000
Retained Earnings (Deficit)		(43,318,000	)		(40,023,000	)
		(21,000	)		3,274,000
		2,669,000			7,048,000

On Behalf of the Board:

“Gerry Racicot” —————————————————— Gerry Racicot	Director
“Jason Moretto” —————————————————— Jason Moretto	Director

EIGER TECHNOLOGY, INC.
Unaudited Consolidated Statement of Operations and Retained Earnings

For the three months ended March 31	2005			2005			2004			2004
	(Current Quarter) $			(Year-to-Date) $			(Current Quarter) $			(Year-to-Date) $
Sales		1,231,000			2,744,000			3,498,000			7,913,000
Cost of Sales		1,002,000			2,367,000			3,079,000			6,514,000
Gross Margin		229,000			377,000			419,000			1,399,000
Expenses
Selling, General and Administrative		335,000			1,036,000			1,616,000			3,106,000
Amortization of Capital Assets		63,000			136,000			177,000			264,000
Amortization of Goodwill and Other Assets		—			—			43,000			66,000
Interest and Bank Charges		31,000			80,000			129,000			259,000
Discontinued Operations (Net)		—			84,000			21,000			42,000
		429,000			1,336,000			1,986,000			3,737,000
Income (Loss) from Operations		(200,000	)		(959,000	)		(1,567,000	)		(2,338,000	)
Other Income		—			—			287,000			421,000
Income before Taxes		(200,000	)		(959,000	)		(1,280,000	)		(1,917,000	)
Provision for Income Taxes - Future		—			—			(122,000	)		(141,000	)
Income before Non-controlling Interest		(200,000	)		(959,000	)		(1,158,000	)		(1,776,000	)
Non-controlling Interest		(19,000	)		(105,000	)		(340,000	)		(412,000	)
Non-recurring Items		(119,000	)		(2,441,000	)		—			—
Net Income (Loss) for the Period		(300,000	)		(3,295,000	)		(818,000	)		(1,364,000	)
Retained Earnings (Deficit), Beginning of Period		(43,018,000	)		(40,023,000	)		(34,289,000	)		(33,743,000	)
Retained Earnings (Deficit), End of Period		(43,318,000	)		(43,318,000	)		(35,107,000	)		(35,107,000	)
Earnings Per Share:
Excluding Non-recurring Items:
Basic		0.00			(0.02	)		(0.02	)		(0.04	)
Diluted		0.00			(0.02	)		(0.02	)		(0.04	)
Including Non-recurring Items:
Basic		(0.01	)		(0.08	)		(0.02	)		(0.04	)
Diluted		(0.01	)		(0.08	)		(0.02	)		(0.04	)

EIGER TECHNOLOGY, INC.
Unaudited Consolidated Statement of Cash Flows

For the three months ended March 31	2005			2005			2004			2004
	(Current Quarter) $			(Year-to-Date) $			(Current Quarter) $			(Year-to-Date) $
Operating Activities
Net Income (Loss) for the Period		(181,000	)		(854,000	)		(818,000	)		(1,364,000	)
Items not Involving Cash
Loss on Non-Recurring Items		(119,000	)		(2,441,000	)		—			—
Provision for Income Taxes - Future		—			—			(122,000	)		(141,000	)
Amortization		63,000			136,000			220,000			330,000
		(237,000	)		(3,159,000	)		(720,000	)		(1,175,000	)
Changes in Non-cash Operating Accounts
Accounts Receivable		(157,000	)		1,375,000			93,000			327,000
Inventories		—			1,648,000			521,000			370,000
Prepaid Expenses		28,000			101,000			35,000			(35,000	)
Accounts Payable		100,000			(2,817,000	)		(55,000	)		194,000
Deferred Revenue		188,000			90,000			—			—
Non-controlling Interest		—			—			(340,000	)		(426,000	)
		(78,000	)		(2,762,000	)		(466,000	)		(745,000	)
Investment Activities
Sale (Purchase) of Capital Assets		(3,000	)		1,007,000			(179,000	)		(326,000	)
Long-term Investments		—			—			(13,000	)		(8,000	)
Goodwill and Other Assets		—			182,000			(156,000	)		(123,000	)
		(3,000	)		1,189,000			(348,000	)		(457,000	)
Financing Activities
Operating Line of Credit		—			(1,847,000	)		(319,000	)		(288,000	)
Long-term Debt		(60,000	)		(625,000	)		(180,000	)		60,000
Non-controlling Interest		11,000			4,072,000			310,000			1,025,000
Common Shares Issued		—			—			542,000			626,000
		(49,000	)		1,600,000			353,000			1,423,000
Net Cash Flows for the Period		(130,000	)		27,000			(461,000	)		221,000
Cash and Cash Equivalents, Beginning of Period		402,000			245,000			1,709,000			1,027,000
Cash and Cash Equivalents, End of Period		272,000			272,000			1,248,000			1,248,000
Cash and Cash Equivalents Represented By:
Cash and Marketable Securities		272,000			272,000			1,248,000			1,248,000

EIGER TECHNOLOGY, INC.
Notes to the Consolidated Financial Statements
For the three months ended March 31, 2005

1. Significant Accounting Policies:

These interim financial statements have been prepared using the same accounting principles and the
same methods of application as were used in the preparation of the Company’s annual financial
statements for the year ended September 30, 2004. These interim financial statements may not
contain all of the disclosures necessary to be fully in accordance with Canadian generally accepted
accounting principles, and should, therefore, be read in conjunction with the annual financial
statements for the year ended September 30, 2004.

2. Capital Assets:

	$
Balance per September 30, 2004 financial statements		2,498,000
Additions (Deletions), Discontinued Operations		(934,000	)
Amortization provided for six months		(136,000	)
Balance per March 31, 2005 financial statements		1,428,000

3. Discontinued Operations:

Effective June 30, 2003, management resolved to discontinue the operations of its “Newlook” segment. On July 8, 2003, the assets of ADH Custom Metal Fabricators Inc. (“ADH”), the operating company of the segment, were sold for cash.

The Company reached an agreement, effective July 31, 2004, to sell its interest in Eiger Net Inc. to the non-controlling shareholders for a nominal amount. The purchasers assumed all of the outstanding liabilities of Eiger Net Inc. as at July 31, 2004.

On December 15, 2004, K-Tronik International Corp.entered into an agreement to sell all of its interest in K-Tronik N.A. Inc. and the fixed assets of its subsidiary, K-Troniks Asia Ltd. It is expected that K-Tronik International Corp. will no longer be engaged in the business of manufacturing, distributing or selling electronic ballasts.

Operating results for K-Tronik for the year-to-date period are reported, in summary, as “Discontinued Operations” on the Statement of Operations and Retained Earnings.

4. Reorganization:

Effective March 18, 2004, the Company transferred its 100% interest in the shares of Onlinetel Corp. (“Onlinetel”) to Newlook Industries Corp. (“Newlook”) in exchange for 12,727,273 common shares of Newlook. At the same time, an additional 7,272,727 common shares of Newlook were issued to the Company in settlement of $1,200,000 of debt owing to the Company by Onlinetel. As a result of these transactions, and a private placement of 1,000,000 common shares by Newlook, the Company now owns approximately 90% of the common shares of Newlook.