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VI Group PLC (VERO)

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Monday 05 March, 2001

VI Group PLC

Acquisition

VI Group PLC
5 March 2001

Monday 5th March 2001


                                PRESS RELEASE

                                 VI GROUP plc

                ACQUISITION OF UK BASED DATA EXCHANGE BUSINESS

VI Group plc ('VI' or 'the Group'), one of the leading suppliers of CAD/CAM
software to the mould and die sector today announces that its UK subsidiary
has entered into an agreement with Ubiquity Corporation Limited ('Ubiquity')
of Newport, South Wales, to acquire a part of their business which provides
software and systems for the secure electronic transfer of CAD/CAM data ('CAD/
EDI Business') for a total consideration of £200,000 plus £50,000 of
consulting fees to manage the business transfer.


Ubiquity currently provides a range of software from the Hungsberg AG company
in Germany to provide the safe transfer of technical and drawing data
according to the Odette protocol used by most automotive suppliers. The
Ubiquity CAD/EDI business has a 95% UK market share of Odette based system
sales and its customer base of more than 250 clients includes such well known
manufacturing and first tier supplier names such as Toyota, Nissan, Rolls
Royce, Morgan, Lotus, GKN, Lucas, Triplex and Pilkington.


The CAD/EDI business achieved over £400,000 of revenue in the last calendar
year and has a significant element of repeat maintenance contract value in
supporting these vital links between automotive suppliers. The business
represents VI's second acquisition since its flotation on AIM in 1998 and
follows the successful Tecnocam acquisition last year.


Commenting on the announcement, Don Babbs, Chief Executive said;


'The acquisition of the CAD/EDI business from Ubiquity further enhances our
abilities to integrate all areas of the mould and tool design process for the
automotive industry. We see additional expansion opportunities for this
business in the provision of secure data facilities for the lower tier levels
of the supply chain, the readiness of the solution for the arrival of the car
industry standard European Network Exchange (ENX) and overseas selling
opportunities through our existing organisation. There are also significant
cross selling opportunities for our own VISI-Series software solutions within
the higher tier automotive suppliers encompassed by the CAD/EDI business
customer base'.

Roger Moore, Ubiquity's Financial DirectorChief Financial Officer said:

'Since the new business focus following our second round financing last August
we have been seeking a suitable relationship for this non-core business. We
are pleased that VI Group will be able to maintain the support given to our
CAD/EDI customer base in the past and we shall be working toward a seamless
transfer of support responsibilities'.

                                    -Ends-

For further information contact:
Peter Wharton                                        Tel: 01453 732900
Finance Director, VI Group plc

Paul Downes / Sadhbh O'Gorman                        Tel: 020 7606 1244
Merlin Financial

Ian Courtney                                         Tel: 01633 765600
Director of Communications, Ubiquity



About VI Group

VI floated on the Alternative Investment Market of the London Stock Exchange
in April 1998 (RIC: VIG). The Group is a leading developer and supplier of CAD
/CAM software for the design and manufacture of moulds and dies used in the
production of parts, equipment and products across a range of industries
including automotive, white goods, transport and consumer electronics. In
adopting advanced, mathematical based solid and surface modelling techniques
for this sector, VI provides companies such as Samsung, Minolta and Sony with
the ability to design fully detailed moulds in a fraction of the time taken by
more generalised software. Additional information on VI Group plc is available
at http://www.vero-software.com.

About Ubiquity Software Corporation

Ubiquity Software Corporation has developed the Helmsman Application Services
Broker, advanced SIP Network Server and SIP User Agents which uniquely enable
Service Providers to build next generation services that bind tightly with
customers business applications and operating systems. The software suite also
comprises an advanced toolkit to enable core network and enterprise based
service creation. The platform has received 'Product of the Year' awards from
Internet Telephony and Communication Solutions Magazines in the Next
Generation Services Platform category for the last two years.

Ubiquity is headquartered in Newport, South Wales, UK. The North American
headquarters are in Kanata, Ontario. In August 2000, Ubiquity received US$42
Million, (£28M) in second round financing. This was the largest deal of its
kind conducted by a European software technology company in 2000. Additional
information on Ubiquity Software Corporation is available at http://
www.ubiquity.net.