Re Agreement

Focus Solutions Group PLC 03 November 2003 3rd November 2003 Focus Solutions Group plc Milliman USA Inc acquires the assets of Focus Solutions Inc and signs a separate licence agreement for goal:technology with Focus Solutions Group plc In April 2003, following a review of the US market, Focus Solutions Group plc ("Focus") announced the sale of 51% of the issued share capital of its US subsidiary; Focus Solutions Holdings Inc ("FSI"), (which owns 100% of Focus Solutions Inc). The sale was completed on 31st March 2003 to the US management of Focus Solutions Inc for a nominal consideration. Under the terms of the agreement, Focus retained a 49% investment in FSI which ensured that Focus would benefit from any future success of FSI without the obligation for continuing investment. Whilst progress has been made in developing solutions for the US life assurance market, no significant revenues have been achieved, and the directors of FSI have concluded that the business would benefit from the infrastructure of a larger organisation with an established presence in the US market. We are therefore pleased to announce that Milliman USA Inc has completed an agreement to acquire the assets and liabilities of Focus Solutions Inc for a nominal consideration. As part of the acquisition agreement, Milliman has signed a new licence agreement for goal:technology under which it will make royalty payments to Focus for the use of this technology based on the subsequent revenue performance of the business over the next three and a quarter years. Given the lack of trading history of the new business being established pursuant to this agreement, it is not currently possible to predict what these sums may be, but Focus will report further to shareholders as and when such payments become known. Enquiries Focus Solutions Group plc 01926 468300 John Streets - Chief Executive Martin Clements - Finance Director Notes to Editors: About Focus Solutions Group Focus Solutions Group is a leading provider of customer management solutions for the financial services industry. Underpinned by goal:technology, its innovative XML toolkit, Focus delivers a paperless sales process across multiple channels to market including IFA portals, websites, extranets, direct sales and call centres. With specific expertise in Point of Sale (POS) systems, Focus developed RIO, Norwich Union's POS solution that currently has 900 users including Norwich Union's direct sales force and tied building societies. RIO is currently being rolled out to a further 1,000 sales advisers to support bancassurance sales via Norwich Union's Joint Venture partner, The Royal Bank of Scotland to the Royal Scottish Life Assurance, NatWest and Ulster Bank's sales teams. Norwich Union and Focus recently won the 'Best use of IT in insurance' category at the Financial Sector Technology Awards 2003 for this project. Focus also developed a POS solution to support The Zurich Advice Network (ZAN) in the sale of deregulated products that is currently being used by 3,500 advisers. Focus has a blue chip customer base of financial services organisations including Friends Provident, Legal & General, Norwich Union, Paymentshield, Prudential, Scottish Equitable, Scottish Provident, Scottish Widows, Skandia UK Group, Standard Life, Winterthur and Zurich, as well as industry portals, including Assureweb, The Exchange, IFAengine and Webline. The Group announced its year-end results on 12.06.03, which saw revenue increase by 30% to £6.6m. For further information on Focus Solutions, please visit www.focus-solutions.co.uk. About Milliman Milliman USA, whose corporate offices are in Seattle, serves the full spectrum of business, financial, government and union organisations. Founded in 1947 as Milliman & Robertson, the company has 30 offices in the United States as well as offices in Bermuda, Hong Kong, Japan, Korea, Brazil, and the U.K. Milliman USA employs approximately 1,700 people, including a professional staff of about 750 qualified consultants and actuaries. The firm has consulting practices in property and casualty, employee benefits, healthcare, life insurance, and investment consulting. It is a founding member of Milliman Global, an international organisation of 22 independent actuarial and management consulting firms located in principal cities worldwide. Milliman Global member firms have more than 100 offices in 30 countries and territories employing over 2800. For further information, visit www.milliman.com. This information is provided by RNS The company news service from the London Stock Exchange
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