Acquisition

Anite Group PLC 3 May 2000 ANITE GROUP PLC OPTION TO ACQUIRE IMASYS ONLINE LIMITED ('IOL') FOR UP TO £1.5 MILLION Anite Group plc ('Anite'), the IT services consultancy, today announces that it has acquired an option to purchase the entire issued ordinary share capital of IOL for £1 plus a maximum earn-out of £1.5 million subject to performance targets being met. In addition, Anite has subscribed for 300,000 preference shares of £1 each in the capital of IOL at par. Anite Public Sector Limited is the Group's fast-growing consultancy and solutions business within the public sector. IOL is a company in its foundation phase developing managed services that assist organisations in the use of electronic document handling. The business offers services that capture document images and related data on behalf of customers before shipping the resulting images and data to the customer electronically. IOL has developed skills in operating managed services on a continuing basis, delivering high levels of customer satisfaction in line with contractually negotiated service level agreements while meeting budgetary targets. John Hawkins, Chief Executive Officer of Anite said: 'We believe that the management of IOL has laid a firm foundation and that IOL's services have the capability to achieve very rapid sales growth and long term annual revenues. We think we can enhance the competitiveness of our local government finance software by significantly reducing the start-up costs and life-time costs of ownership of these systems.' For further information, please contact: Anite Group plc www.anite.com John Hawkins, Chief Executive Officer 0118 945 0129 Simon Hunt, Group Finance Director Ludgate Communications Edward Macquisten 020 7253 2252
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