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Sliedrecht, the Netherlands, 31 January 2008 Unit 4 Agresso and CODA are pleased to announce that they have reached agreement on the terms of a recommended cash offer (the "Offer") for CODA by Agresso, at a price of 205 pence per CODA Share, valuing the fully diluted ordinary share capital of CODA at approximately £158m (€213m – EUR:GBP exchange rate of 1.35). The Unit 4 Agresso Directors believe that combining the two businesses has a strong strategic rationale and provides the opportunity for Unit 4 Agresso and CODA to create a leading pan-European mid-market enterprise resource planning (“ERP”) software solutions provider. The enlarged group will be a leading player in the UK, Benelux, Spain and the Nordic regions, with stronger market positions in the French, German and US markets. Furthermore, CODA will provide Unit 4 Agresso access to the emerging and fast-growing Central and Eastern European markets and the Asia Pacific region. Unit 4 Agresso further believes that there are cross-selling opportunities across specific verticals and geographies. A press and analysts meeting will be held TODAY at 11.00 a.m. CET, at Hilton Amsterdam, Apollolaan 138, 1077 BG Amsterdam (Ball Room C). Unit 4 Agresso will host a live audio webcast with online presentation slides to explain the Offer. A replay of the audio webcast will be available at this website shortly after the presentation and will remain available for a few months. For more information regarding the Offer, please contact:
Unit 4 Agresso N.V.
Edwin van Leeuwen CFO
T: +31 (0)184 444 444
F: +31 (0)184 444 463
Edwin.van.Leeuwen@unit4agresso.com
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