Disposal of Exago

Angle PLC
18 March 2004


For Immediate Release                                              18 March 2004



                                     ANGLE plc
                             (ANGLE or the 'Company')

                                 Disposal of Exago

ANGLE plc is pleased to announce that Corpora plc ('Corpora') has entered into a
conditional agreement to acquire the entire issued share capital of Exago, a
venture company in which ANGLE has a 49.9% interest, for £5.30 million at the
mid-market price at close of business on 17 March 2004. Proceeds of the disposal
are to be satisfied by the issue to ANGLE of 6,071,335 New Ordinary Shares in
Corpora. This represents 18.1% of Corpora's issued share capital, as enlarged by
the issue of New Ordinary Shares and after the proposed placing by Corpora of
£2.5m, valuing the Company's interest at £2.58 million at the mid market price
at close of business on 17 March 2004.

Exago is a joint venture formed between ANGLE and BT in 2000 using Intellectual
Property developed by BT Exact, BT's research, technology and IT operations
business. Exago launched eXero, an integrated suite of advanced knowledge
discovery, summarisation, collaboration and expertise location software tools
that gives users the ability to find, manage and share information that is
relevant to their business needs.

Exago's strategy has been to seek to generate revenue from the licensing of
eXero to third parties for selling on to their customer base or for building
into wider solutions. In its first year of trading, Exago achieved sales of
£438,000, the majority in the UK, through a combination of direct and indirect
sales channels.

The acquisition of Exago is conditional upon the passing of certain resolutions
to be proposed at an EGM of Corpora, to be held on 5 April 2004 and satisfactory
completion of a Placing of 7.1 million New Ordinary Shares in Corpora,
underwritten by Bridgewell Securities Limited. As part of the disposal, ANGLE
has entered into orderly market undertakings under which the Company has
undertaken (subject to certain exceptions) not to sell any shares for a period
of 12 months following completion. Following the acquisition, Dawson Buck, the
current Chairman of Exago and a Director of ANGLE, will join the Board of
Corpora as a non-executive Director.


Andrew Newland, Chief Executive, commenting on the transaction said:

'By adopting our systematic Progeny(R) process for establishing and building new
technology companies, we have successfully concluded our first venture company
disposal producing a multiple return on our investment of over ten times. I am
delighted to be announcing this disposal so soon after our successful flotation
on AIM.'


For further information, please contact:


ANGLE plc                                                          01483 295830
Andrew Newland, Chief Executive
Dawson Buck, Deputy Chief Executive
Ian Griffiths, Finance Director

Buchanan Communications                                            020 7466 5000
Richard Darby, Suzanne Brocks







Notes to Editors

Founded in 1994, ANGLE is an international venture management and consulting
company focusing on the commercialisation of technology and the development of
technology-based industry. ANGLE creates, develops and advises technology
businesses on its own behalf and for its clients.


                      This information is provided by RNS
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