Reseller & Software Licence

Anite Group PLC 12 June 2001 Anite Group plc ('Anite' or 'the Company') 12th June 2001 Anite enters into a reseller agreement and exclusive UK software licence for a minimum consideration of £5.5 million Anite, the European IT consultancy and services company, today announces that it has, through its wholly-owned subsidiary, Anite Public Sector Limited ('APS'), entered into an exclusive perpetual reseller and software licence agreement relating to certain financial and customer relationship management software in the local government market in the UK ('Agreement') with Cedar Group Plc and Cedar Enterprise Solutions Limited ('CESL') in consideration for a reseller fee of £2.5 million ('Reseller Fee') and a minimum commitment fee of £3 million ('Minimum Commitment Fee'). The Reseller Fee will be satisfied as to £1.25 million by the issue and allotment by Anite to CESL of Anite loan notes and as to £1.25 million by the issue and allotment by Anite to CESL 90 days from completion of ordinary shares of 10 pence each in the capital of Anite. The Minimum Commitment Fee will be satisfied as to £1.5 million in cash, payable in four quarterly instalments of £375,000 commencing on 30 June 2001 and as to £1.5 million by the issue and allotment to CESL of Anite loan notes. The Agreement marks a further major commitment by Anite to the local government market following on from the recent acquisitions from ICL and BCT. With over 650 installations in the Public Sector, Anite is already a major supplier to the market. This agreement will significantly increase market share and further expands Anite's portfoio of departments and corporate applications and services. Anite's Chief Executive John Hawkins, commenting on the Agreement said: 'This Agreement firmly establishes Anite as the leading provider of software solutions and managed services to the Public Sector. We are now even more strongly positioned to take advantage of this rapidly expanding market being driven by the government's joined up and e-government initiatives.' For further information please contact: www.anite.com Anite Group Plc 0118 945 0121 John Hawkins, Chief Executive Anite Public Sector Limited 0161 972 2600 Ian Tait Golin/Harris Ludgate 020 7324 8888 Peter Gaze/ Laurence Read
UK 100

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