Sage acquires XRT

Sage acquires XRT, a leading European treasury management software company The Sage Group plc ("Sage"), a leading global supplier of business management software solutions, announces the acquisition of approximately 70% of the share capital of XRT, listed on Euronext Paris, from its shareholders. Sage will purchase the shares for a consideration of £30 million, paid in cash, equivalent to €1.67 per share. The transaction is not subject to any conditions and should complete within the next few days. In accordance with French listing regulations, following acquisition of 70% of the share capital, Sage will make an offer to acquire the remaining outstanding shares from shareholders. XRT is a leading supplier of treasury management software and payment software for medium-sized businesses in France, Spain, Portugal, Italy and Latin America. XRT's software solutions enable thousands of organizations worldwide to centralise cash flow information, streamline key business processes across the organization, and automate financial communication with banking and business partners. Combined with ERP systems, XRT's software enables its 6,000 customers to carry out end-to-end straight-through processing and electronic payments around the globe. In the year ended 31 December 2006, XRT's revenues were £22.2 million*. Paul Walker, Chief Executive of Sage, commented, "The acquisition of XRT is a further development of our range of specialised business management software. XRT's advanced mid-market solutions for the cash management sector build on our existing Concept business, acquired in 2003, and complement our leading business management software for the SME industry. We look forward to working with the management team to build on the exciting opportunities we see." Enquiries: The Sage Group plc Paul Walker, Chief Executive Paul Harrison, Group Finance Director Cynthia Alers, Investor Relations Director Tel: +44 (0) 0191 294 3068 Tulchan Communications Andrew Grant Stephen Malthouse Tel: + 44 (0) 20 7353 4200 Notes to editors: The Sage Group plc is a leading global supplier of business management software solutions and related products and services, principally for small to medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and now employs over 13,000 people worldwide. XRT is a leading supplier of treasury management and payment software to over 6,000 customers worldwide. Founded in 1983, XRT floated in 1996 on the "Second Marché" of the Paris Stock Exchange. *Financial information as reported in XRT's 2006 company report; translated on the basis of £1 = €1.470.

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