Disposal of Anite Calculus

Anite Group PLC
15 November 2004



Monday, 15 November 2004

                                Anite Group plc

                           Disposal of Anite Calculus

Anite Group plc ('Anite' or 'the Group'), the worldwide IT solutions and
services company, today announces that it has completed the sale of the trade
and assets of Anite Calculus Limited ('Anite Calculus'), its Telecoms billing
systems business based in London, to Azure Solutions Limited ('Azure') for a
total consideration of £0.75m, payable in cash as follows and supported by a
bank guarantee: £0.25m on completion, £0.25m on 28 February 2005 and £0.25m on
30 April 2005.

The disposal is in line with Anite's stated strategy following its recent
strategic review of disposing of non-core, peripheral businesses to better focus
on its three core vertical markets of public sector, telecoms and travel. Anite
Calculus represented less than 10% of the Telecoms division's turnover and
profits in recent years and its offering is peripheral to the division's core
business of supplying specialist systems and software for mobile phone network
simulation and handset testing. The consideration proceeds will be used to
benefit the Group's cash position and provide greater financial flexibility.

Anite Calculus contributed operating profit before goodwill and exceptional
items in the Group's year ended 30 April 2004 of £0.1m (2003: £0.7m) on turnover
of £2.5m (2003: £3.4m). Net assets at 30 April 2004 were £0.2m (2003: £0.3m).
The business was marginally profitable in the half year ended 31 October 2004,
and will be reported as a discontinued activity in the Group's forthcoming
interim results due to be announced on 7 December 2004. There will also be a
small profit on disposal following the impairment in October 2002 of the
goodwill acquired on the original acquisition of the business in December 2000.

Anite Calculus' employees are being transferred under TUPE to Azure. The
business employed 22 staff out of a total of 144 in the Telecoms division.

Commenting on the disposal, Steve Rowley, Anite's Chief Executive, stated:

'We are pleased to have agreed this disposal, following the recent sale of Anite
Space, in line with our stated strategy of selling non-core businesses thus
enabling us to better focus on our core markets.'

                                    - 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/Sara Musgrave

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