Completion of disposal

Anite Group PLC 03 September 2004 For immediate release Friday, 3 September 2004 Anite Group plc Space business disposal completed Anite Group plc ('Anite' or 'the Group'), the worldwide IT solutions and services company, today announces that as expected it has completed the disposal of Anite Systems GmbH ('Anite Space') to Vega Group plc in line with its announcement of 3 August 2004. The total consideration of £7.5m was paid in cash on completion. The consideration proceeds will be used to benefit the Group's cash position and provide greater financial flexibility. Anite Space's results will be shown as a discontinued activity in the Group's future accounts. Commenting on the disposal, Steve Rowley, Anite's Chief Executive, stated: 'We are pleased to have completed this disposal which is in line with our stated strategy of selling non-core businesses thus enabling us to better focus on our core markets vertical markets of public sector, telecoms and travel.' - Ends - For further information, please contact: www.anite.com Anite Group plc 01753 804000 Steve Rowley, Chief Executive Christopher Humphrey, Group Finance Director Smithfield 020 7360 4900 Reg Hoare/Tehsin Nayani This information is provided by RNS The company news service from the London Stock Exchange
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