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Tuesday 23 September, 2008



                               Ultima Networks plc
                           (`Ultima' or the `Company')

             Acquisition of JCS Computing Solutions Limited (`JCS')

The Directors of Ultima (the `Directors') are pleased to announce the completion
of the acquisition of JCS by Cognito Software Limited (`Cognito'), a subsidiary
of Ultima, on 23 September 2008, which is a substantial acquisition as defined
in the AIM Rules. The operations of the two entities will be merged and will
trade under the brand of Cognito, Ultima's legal software brand.

The cost of the acquisition was £268,664 and in JCS's last unaudited accounts
for the year ended 30 June 2008 the turnover was £284,636; generating profit
before tax of £65,210.  JCS's unaudited net assets were £108,664 as at 30 June

The enlarged Cognito will now have a client base of nearly 300 and will continue
to provide software and services to the legal profession, along with marketing a
comprehensive range of multi-user software for solicitors. The first Cognito
product was originally developed in 1991 and the software has evolved to meet
the expanding needs of an industry that is increasingly automating repetitive

Founders Roger Jackson and Kerry Frater, who successfully built JCS into the
longest standing member in the Law Society's Software Solutions Guide, have been
appointed Managing Director and Chief Technical Officer respectively of the
combined company. Their experience and expertise will help formulate and drive
the strategy for all Cognito products and services in the months and years to
come.  Cognito is now well placed to continue to achieve its key objectives of
product development and increasing market presence.

With the goal being to develop new versions of both companies' software, the
merger creates a substantially larger development team. This will allow for more
aggressive and ambitious targets by combining the skills and expertise that both
companies have built up over 17 years in the legal software market. The result
will be a quicker and more functional software suite, well placed to take
existing and new clients into the emerging requirements of legal IT.

JCS also brings a number of innovations to the Cognito range. It already has in
place the mechanisms and functionality for on-line identity checking, text
messaging, stamp duty land tax submissions, integrated scanning, pdf document
construction and merging, and is in the process of integrating a professional
will production module.  JCS also provides the option for complete "turnkey
solutions": supplying all hardware, software, support & services - giving
clients the attractive option of a "one-stop shop" for all of their IT needs.

Humayun Mughal, Chairman and CEO of Ultima, commented:
"We believe that this represents a fantastic opportunity to exploit the
considerable synergies that exist between the two companies. This will allow us
to more effectively achieve our two principal objectives which are of critical
importance to our customers: market leading software, from a secure and
innovative supplier.
The merger will result in a greater development team that I believe will enhance
product innovation and development, along with a support & training team large
enough to make the implementation more effective, and therefore the take up and
return on investment of new software modules faster.
Fundamentally I am confident that this acquisition will provide us with a larger
client base and will be earnings enhancing for the Company."

Roger Jackson, Managing Director of Cognito Software Limited, commented:
"This merger offers great potential for synergy between our two companies, as
Cognito and JCS have their respective market strengths. Both organisations have
abilities that will complement the other's offerings and will in turn result in
an enhanced merged company.
The merger will make the new Cognito one of the leading suppliers of practice
and case management software in the country, providing ongoing security for all
our clients. The new Cognito will result in a structure that will work with and
listen to the needs of its clients in order to create solutions that really make
a difference."

                                                               23 September 2008


Ultima Networks plc             +44 (0) 1279 821 200
Humayun Mughal, Chairman

Haggie Financial Ltd            +44 (0) 207 417 8989
Nicholas Nelson/Kathy Boate

Blomfield Corporate             +44 (0) 207 489 4500
Finance Limited
Alan MacKenzie/James Pinner

Notes to Editors:

Ultima operates through two divisions: the Services Division and the Products
Division. The Company's Services Division is primarily responsible for supplying
computer application software, related support and other services to the legal
profession principally through the Cognito brand. The Products Division is
responsible for the development and sale of consumer and specialist electrical
goods, with a focus on renewable and low energy products.

For more information please go to:

For more information on Cognito please go