Result of Placing

Northgate PLC 31 January 2006 31 January 2006 NORTHGATE PLC ('NORTHGATE' OR THE 'COMPANY') NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN THIS IS NOT AN OFFER OF SECURITIES FOR SALE INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN Result of placing (the 'Placing') Northgate is pleased to announce the successful completion of the Placing announced earlier today. A total of 6,050,000 new ordinary shares of five pence each ('Placing Shares'), representing approximately 9.4 per cent. of Northgate's existing issued share capital, have been placed, by Hoare Govett Limited, with institutions at a price of 1065 pence per share, raising approximately £64.4million before expenses. The Placing Shares will be issued credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of Northgate, including the right to receive all dividends and other distributions declared, made or paid after the date of issue of the Placing Shares. The Placing Shares do not rank for the interim dividend declared by Northgate on 10 January 2006, for which the Record Date was 20 January 2006. The Placing is conditional, inter alia, on admission of the Placing Shares to the Official List of the Financial Services Authority and to trading on the London Stock Exchange (together 'Admission'). Application has been made for Admission and it is expected that settlement will occur, Admission will become effective and dealings in the Placing Shares will commence on 3 February 2006. Enquiries: Northgate plc Steve Smith, Chief Executive Officer 01325 467 558 Gerard Murrary, Finance Director Hoare Govett Limited Andrew Foster 020 7678 8000 John MacGowan Hogarth Partnership Limited Andrew Jaques 020 7357 9477 Barnaby Fry This announcement is for information purposes only and does not constitute an offer or invitation to acquire or dispose of any securities or investment advice in any jurisdiction. Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser. Hoare Govett Limited, which is authorised and regulated by the Financial Services Authority, is acting exclusively for Northgate and for no one else solely in connection with the Placing and will not be responsible to anyone other than Northgate for providing the protections afforded to the customers of Hoare Govett Limited or for providing advice in relation to the Placing. This written announcement is not an offer of securities for sale in the United States. Placing Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended or an exemption therefrom. The Company has not and does not intend to offer any securities to the public in the United States. No money, securities or other consideration from any person inside the United States is being solicited and, if sent in response to the information contained in this announcement, will not be accepted. The Placing Shares have not been and will not be registered with any regulatory authority of any state within the United States. This information is provided by RNS The company news service from the London Stock Exchange
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