Further re Crystallisation

Anite Group PLC 27 August 2002 For immediate release 27 August 2002 ANITE GROUP PLC Anite varies Rox Mariehamn ('Rox') earnout Anite Group plc ('Anite' or the 'Group'), the European IT Consultancy & Services company, indicated, at the time of its announcements on 12 July 2002 regarding the crystallisation and variation of certain earnout payments to the sellers of businesses acquired since 30 April 2000, that it intended to continue to review all of the Group's remaining earnout liabilities and would update shareholders in relation to progress made as appropriate. Accordingly, Anite is pleased to announce today that it has entered into a variation agreement with the sellers (the 'Sellers') of Rox, a Finnish IT services and consultancy company acquired in June 2001. As a result of such agreement, the maximum, and final, earnout of £100,000 payable on the achievement by Rox of an agreed profit target in respect of the period ending 30 April 2002 which was due to be satisfied by the issue and allotment by Anite to the Sellers of Anite Shares shall now be payable in cash. The Company will provide a further update and analysis of its earnouts and a current trading update at the time of its Annual General Meeting on 4 September 2002. John Hawkins, Chief Executive of Anite, stated: 'We have now addressed the earnout obligations for Calculus, Carus, Didgicom, Parsec and Rox, representing a significant proportion of the Group's total potential earnout liabilities, thus bringing considerable certainty for our shareholders compared to the position prior to 12 July 2002. 'We continue to review the few remaining earnout liabilities and will continue to update shareholders as appropriate.' For further information, please contact: www.anite.com Anite Group plc 0118 945 0129 John Hawkins, Chief Executive Simon Hunt, Finance Director Weber Shandwick Square Mile 0207 950 2800 Reg Hoare/Laurence Read This information is provided by RNS The company news service from the London Stock Exchange
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