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Systems Union Group (SUG)

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Monday 27 March, 2006

Systems Union Group

Share price movement

Systems Union Group PLC
27 March 2006



27 March 2006

                            Systems Union Group plc


                       Statement re share price movement


The Board of Systems Union Group plc (the "Company") notes the recent movement
in the Company's share price.


As part of its strategic growth objectives and in the background of ongoing
consolidation in the Enterprise Resource Planning and Corporate Performance
Management marketplace, the Board confirms that it is currently holding very
early stage discussions which may or may not lead to an offer being made for the
Company. A further announcement will be made in due course.


In accordance with Rule 2.10 of the City Code on Takeovers and Mergers the
Company confirms that, as at close of business on 24 March 2006, it had in issue
109,899,919 ordinary shares of 5 pence each. The International Securities
Identification Number for these shares is GB0009348755.


Dealing Disclosure Requirements


Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
"Code"), if any person is, or becomes, "interested" (directly or indirectly) in
1% or more of any class of "relevant securities" of Systems Union Group plc, all
" dealings" in any "relevant securities" of that company (including by means of
an option in respect of, or a derivative referenced to, any such "relevant
securities") must be publicly disclosed by no later than 3.30 pm (London time)
on the London business day following the date of the relevant transaction.  This
requirement will continue until the date on which the offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or
on which the "offer period" otherwise ends.  If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an "interest" in "relevant securities" of Systems Union Group plc, they
will be deemed to be a single person for the purpose of Rule 8.3.


Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of Systems Union Group plc by Systems Union Group plc or the Offeror
or by any of their respective "associates", must be disclosed by no later than
12.00 noon (London time) on the London business day following the date of the
relevant transaction.


A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.


"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities.  In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.


Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website.  If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.


                      This information is provided by RNS
            The company news service from the London Stock Exchange