Merger

Sopheon PLC 25 August 2000 SOPHEON PLC SOPHEON AND TELTECH ANNOUNCE SEC REGISTRATION STATEMENT DECLARED EFFECTIVE AND COMPLETION TIMETABLE SET Sopheon plc ('Sopheon') and Teltech Resource Network Corporation ('Teltech') today jointly announce that they expect the merger of Teltech into Sopheon to be completed on or about 15 September 2000. Teltech is calling a special meeting of shareholders to be held on 8 September 2000 at its offices in Minneapolis, Minnesota. Teltech shareholders are expected to approve the merger at the special meeting. The merger itself will be completed within several business days following shareholder approval. Teltech is mailing its proxy statement for the special meeting today. The proxy statement also includes a prospectus relating to the Sopheon ordinary shares to be issued in the transaction. Sopheon's registration statement was declared effective by the SEC on 24 August 2000. In a joint letter to Teltech shareholders, Barry Mence and Joe Shuster, chairmen of Sopheon and Teltech respectively, said 'this merger will create a knowledge management software and services group with a substantial customer base in Europe and in the United States. Underpinned as it will be by the development capital raised by Sopheon in March of this year, we believe the merger will create a platform on which we will have the opportunity to build a truly global business in knowledge management. The board of Teltech has endorsed the merger unanimously. About Sopheon Sopheon is a supplier of knowledge management software and services. Its shares are quoted on the UK Alternative Investment Market (AIM) and on the Euro.NM in Amsterdam. Sopheon has operational headquarters in Guildford, UK, and has offices in the Netherlands and the USA. Information on Sopheon's products is available on : www.sopheon.com. About Teltech Teltech Resource Network Corporation (www.teltech.com) is a leading provider of business-to-business research and knowledge management consulting services. Its vertical research portals for business and technical professionals reduce unproductive Internet search time by as much as 50%. Teltech's consulting services assist companies in the development of e-business strategies, and in the creation and implementation of portals for e-business applications. Headquartered in Minneapolis, Minnesota, Teltech is privately held. Its client list includes half the Fortune 500. For further information, please contact : Barry Mence, Chairman (barry.mence@sopheon.com) +44 (0)1483-883000 Richard Maddocks, Managing Director of Sopheon (richard.maddocks@sopheon.com) +31 (0)20-301-3900 Arif Karimjee, Finance Director of Sopheon (arif.karimjee@sopheon.com) +44 (0)1483-883000 Steve Liebmann at Buchanan Communications (stevel@buchanan.uk.com) +44 (0)20-7466-5000 Ronald Helgeson, Vice President, Corporate Communications of Teltech (rhelgeson@teltech.com) +1 (952) 851-7585 Sopheon has filed a registration statement with the SEC on Form F-4 in connection with its acquisition of Teltech. Teltech shareholders are urged to read the proxy statement/prospectus which is being mailed to them. Sopheon's registration statement will be available at no charge from the SEC's web site, www.sec.gov.

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Sopheon (SPE)
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