Result of EGM

Manpower Software PLC 15 May 2002 15 May 2002 Manpower Software plc ("Manpower" or the "Company") Result of EGM and Open Offer Manpower announces that at the EGM held today at 11.00am the special resolution to approve the placing and the open offer to raise approximately £2.64 million (before expenses) and to increase the authorised share capital of the Company from £2m to £3.25m was duly passed. The open offer closed at 3.00pm on 10 May 2002. Valid applications were received in respect of 11,038,455 ordinary shares of 5p each ("Ordinary Shares") representing 61.54 per cent. of the Ordinary Shares offered to shareholders on the register on 10 April 2002. Consequently Herald GP Limited, the underwriters of the entire issue, will subscribe for 2,391,626 Ordinary Shares under the firm placing and 6,898,742 Ordinary Shares under the open offer, all at 13p. This combined holding of 9,290,368 Ordinary Shares represents 21.0 per cent. of the enlarged share capital of the Company. The 44,245,086 Ordinary Shares (as enlarged by the placing and the open offer) and the 2,386,690 warrants to subscribe for Ordinary Shares shall cease to be listed on the Official List at the close of business today and are due to begin trading on AIM at 8.00 am tomorrow, 16 May 2002. Enquiries: Manpower Software plc Robert Drummond, Managing Director 020 7389 9500 Strand Partners Limited Rory Murphy, Director 020 7409 3494 END This information is provided by RNS The company news service from the London Stock Exchange
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