Delft, July 28, 2008
Further to the announcement on July 24, 2008, Exact Holding N.V. (“Exact”) announces that it will start a share buyback program of up to 5% of its issued shares today.Based on the 18 month authorization granted by the General Meeting of Shareholders on April 24, 2008 and with approval of the Supervisory Board, Exact will buy up to 5% of its issued shares (“Shares”) (representing 1.22 million Shares). At the closing price of Exact on NYSE Amsterdam on July 25, 2008 the share buyback program will have a maximum value of approximately EUR 20.7 million and will be funded by the company’s existing cash reserves. The shares acquired will remain available for general purposes of the company, including but not limited to M&A activities.
Exact has mandated ING Wholesale Banking (“ING”) to lead manage the execution of the share buyback program, which means that ING will make its trading decisions in relation to the acquisition of Shares independently of Exact and without influence by Exact with regard to the timing of the purchases. This means that the share buyback program may be continued during the company’s closed periods. Any purchase of Shares shall be effected through the central order book of NYSE Euronext Amsterdam N.V. (“Euronext Amsterdam”) or through block and cross trades within the meaning of the Euronext Amsterdam Rule Book. Exact will provide weekly progress updates to the market.
The share buyback program will be completed on or before October 31, 2008. In case the share buyback program is completed, Exact shall publicly disclose this at such time.
About Exact Software
Established in 1984, Exact Software is one of the world’s leading providers of business software solutions. Its integrated solutions comprise traditional enterprise resource planning (ERP) as well as related software solutions such as human resource management (HRM), customer relationship management (CRM), corporate performance management (CPM), project management and electronic workflow.
Exact is headquartered in Delft, the Netherlands and has offices in Europe, the Middle East, North, Central and South America, Asia, Australia and Africa. With around 2750 employees, subsidiaries in more than 40 countries, and solutions available in 40 languages, Exact currently serves customers in more than 125 countries.
Revenues in 2007 amounted to € 252.1 million. Exact Holding N.V. has been listed on Euronext Amsterdam since June 1999.
For further information:Media Relations Werner van Bastelaar
Edelman
Tel: +31 (0)20 3010980
e-mail:
werner.vanbastelaar@edelman.com
Investor Relations Jeroen Bruins Slot
Tel: +31 (0)15 7501408
e-mail:
ir@exactsoftware.com Exact Holding N.V.
Poortweg 6
2612 PA Delft
P.O. Box 5066
2600 GB Delft
The Netherlands