Update

Sopheon PLC
29 May 2003


Embargoed Release: 07:00hrs 29th May 2003

                                  SOPHEON PLC

                          ('Sopheon' or the 'Company')

                                     UPDATE

Sopheon ('Sopheon'; stock code : SPE) announces that the group is in discussions
that could lead to the disposal of its North American Information Management
division, as part of steps being taken to improve the balance sheet position. If
concluded, this transaction would also sharpen management focus on the group's
software business and Accolade in particular.  Further details, together with
the preliminary results for 2002 and the first quarter 2003 update will be
provided to shareholders in due course.

Notes to Editors

Sopheon

Sopheon (LSE:SPE) is an international provider of software tools, experts and
content that help organizations improve the business impact of product
development. Sopheon serves nearly half of the technology-driven companies on
the Fortune 500, enabling them to achieve higher, faster return on innovation
and product development investments through technology and human-based decision
support. The company's products and services include its flagship Accolade(R)
product development system, the award-winning Teltech.com(R) Web-based research
portal for technical and business professionals, and Organik(R)
expertise-sharing software.  Sopheon is listed on the AIM market of the London
Stock Exchange and on the Euronext in the Netherlands.  For more information,
please visit www.sopheon.com.

For further information contact :
Barry Mence, Chairman             Sopheon plc                               Tel : + 44 (0)1483-883000
Arif Karimjee, CFO                Sopheon plc                               Tel : + 44 (0)1483-883000

Adam Reynolds/Andrew Tan          Hansard Communications                    Tel : + 44 (0)207-245-1100/07957 203 685
Barbara Jansen                    Citigate First Financial                  Tel : + 31 (0)205-754010




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