Re Contract

Sopheon PLC
26 November 2001


For Immediate Release                                          26 November 2001

                                 SOPHEON PLC

            GE EXTENDS INFORMATION MANAGEMENT OUTSOURCING CONTRACT

Sopheon, the international knowledge management software and services company,
announced today that it has signed a new four-year contract with General
Electric under which GE will continue to outsource its information management
services to Sopheon.

The contract extends a six-year-old outsourcing relationship between Sopheon
and GE in which Sopheon acts as a virtual library for the corporation and
certain of its operating units in industries ranging from financial services
to aircraft engines to medical devices.  Functional groups served by Sopheon's
information management solution include R&D, product development, business
professionals and general counsel.

'Our outsourcing partnership with General Electric builds on Sopheon's
substantial history as one of their primary information service providers,'
said Andy Michuda, chief executive officer of Sopheon.   'It's a relationship
that exemplifies our capacity to integrate human interaction and content with
the efficiencies of technology to deliver comprehensive, cost-effective
information support.'

GE accesses Sopheon's services through a custom-designed co-branded portal
that enables both do-it-yourself research and direct electronic access to a
dedicated research staff with academic and industry expertise hand-picked to
meet GE's specific technical, business and legal research needs.  Sopheon uses
'smart' software to aggregate content from the internet, published literature
and proprietary information collections as required by GE knowledge workers.

In addition to minimizing the need for corporate information-management
infrastructure, Sopheon provides GE with such advantages as access to
continuously updated, state-of-the-art service technology; expanded service
capabilities; the ability to track and precisely charge service costs back to
operating units or functional groups based on usage; and quick, easy expansion
to new user constituencies upon demand.

About Sopheon

Sopheon (LSE:SPE) is a leading international provider of software-based
solutions that enable organizations to more efficiently access internal and
external information and turn it into the knowledge to compete.  Sopheon
serves nearly half of the technology-driven companies on the Fortune 500,
providing industry and process-specific software applications that are
pre-loaded with specialized content and access to human expertise.  They
include the Web-enabled Accolade product development system and the
award-winning Teltech.com Web-based research portal for technical and business
professionals.  Sopheon's European headquarters are in Guildford U.K., and its
U.S. headquarters are in Minneapolis.  The company also has operating bases in
Germany and the Netherlands.  Sopheon is listed on the Alternative Investment
Market of the London Stock Exchange.  For more information, please visit
www.sopheon.com.

For further information contact :

Barry Mence, Chairman  Sopheon plc                Tel : + 44 (0) 1483-883000

Arif Karimjee, CFO     Sopheon plc                Tel : + 44 (0) 1483-883000

Steve Liebmann         Buchanan Communications    Tel : + 44 (0) 20-7466-5000
Barbara Jansen         Citigate First Financial   Tel : + 31 (0) 205-754-080