Issue of Equity

Anite Group PLC
12 July 2002


For immediate release                                      Friday, 12 July 2002


                                ANITE GROUP PLC


   Anite varies Calculus 2003 earnout commitment providing further certainty

Anite Group plc ('Anite' or 'Group'), the European IT Consultancy & Services
company, is pleased to announce that it has today reached a further agreement
with the sellers of Calculus Solutions Limited (now Anite Calculus Ltd.)
('Calculus'), a business acquired in December 2000, in respect of the remaining
element of its earnout commitments to the sellers.  This morning's announcement
related to the crystallisation of earnouts based on profits targets for the year
to 30 April 2002.  The agreement now being announced varies the earnout terms
for the final element of the earnout consideration due based on profit targets
to 30 April 2003, as follows:

  • The maximum earnout payable remains capped at £11.0m and would, subject to
    the paragraph below, continue to be payable in shares, but now at a deemed
    share price of 150p (as opposed to a price based on the share price at July/
    August 2003)

  • At Anite's option, up to 80% of the amount due and payable in respect of
    this earnout could instead be settled in cash (rather than shares), such
    amount being payable at a rate of 50 pence in the pound, with the remainder
    payable in shares, again at a deemed share price of 150p.  The net effect of
    this option, if elected, would be that the maximum payment would be £4.4
    million in cash and £2.2 million in shares (again at a deemed share price of
    150p)



John Hawkins, Chief Executive of Anite, stated:



'I am pleased to announce the agreement which we have reached in respect of the
2003 Calculus earnout commitment, which I believe will bring further increased
certainty for our shareholders following our announcement earlier today. We will
continue to review all of the remaining earnout liabilities and will update
shareholders in relation to progress made as appropriate.'



'We can now concentrate fully on taking the business forward to the benefit of
all shareholders and we remain confident in our strategy and the positioning of
the Group.'


For further information, please contact:                         www.anite.com



Anite Group plc                                      On the day: 0207 950 2800

John Hawkins, Chief Executive                        Thereafter: 0118 945 0129

Simon Hunt, Finance Director


Weber Shandwick Square Mile                                      0207 950 2800
Reg Hoare/Laurence Read



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