Acquisition

3rd Jul 2006 12:07

3 July 2006Sage to complete acquisition of leading Malaysian software vendor UBSFurther to its 23 May announcement that it had acquired a majority (50.2%)shareholding in UBS Corporation Berhad ("UBS") and made an offer for theremaining shares, both at 0.98 Ringitt per share, The Sage Group plc ("Sage")has now received acceptances for 98.5% of UBS shares. The offer has thereforenow become unconditional and the 1.5% of shares not tendered will becompulsorily acquired for 0.98 Ringitt per share.The shares under offer will be purchased for a consideration of approximately ‚£7m which, in addition to the approximately ‚£7m consideration for the initialmajority shareholding, results in a total purchase consideration for theacquisition of approximately ‚£14m.UBS, with over 100,000 customers, is the leading vendor of business managementsoftware for small and medium-sized businesses in Malaysia.*Financial information calculated on the basis of ‚£1 = 6.84 Ringgit.EnquiriesThe Sage Group plc +44 (0) 191 294 3068Paul Walker, Chief ExecutivePaul Harrison, Finance DirectorPhil Branston, Investor RelationsTulchan +44 (0) 20 7353 4200Julie FosterKirstie HamiltonENDSAGE GROUP PLC

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