Result of Equity Issue

Manpower Software PLC
19 April 2001


Manpower Software plc

Result of Rights Issue

19 April 2001

Not for release, publication or distribution in or into the United States,
Canada, Australia, Japan or Sweden

Manpower Software plc ('Manpower')

Acceptances of 3 for 4 Rights Issue

The Board of Manpower announces that, by 3.00pm on 17 April 2001, being the
latest time and date for acceptance and payment in full under the Rights
Issue, valid acceptances had been received in respect of 7,671,018 New
Ordinary Shares, representing approximately 74.84 per cent. of the 10,249,827
New Ordinary Shares offered to Qualifying Shareholders at the Rights Issue
Price of 25 pence per share. In accordance with the terms of the Rights Issue,
and with the consent of Strand Partners, Manpower has included within these
acceptances Provisional Allotment Letters and accompanying remittances
received through the post not later than 10.00am on 18 April 2001, where it
has been satisfied that such acceptances were despatched prior to 3.00pm on 17
April 2001.


The Rights Issue was partially underwritten by Strand Associates. In
accordance with the terms of the Rights Issue, subscribers have been procured
for 2,234,375 of the 2,578,809 New Ordinary Shares for which valid acceptances
were not received, at the Rights Issue Price.


Accordingly, Qualifying Shareholders and subscribers have together taken up
9,905,393 New Ordinary Shares representing approximately 96.64 per cent. of
the New Ordinary Shares offered to Qualifying Shareholders. Reasonable
endeavours will be used to procure subscribers for the remaining 344,434 New
Ordinary Shares.


For non-CREST Qualifying Shareholders it is expected that definitive share
certificates in respect of the New Ordinary Shares will be despatched on or
before 26 April 2001. For CREST Qualifying Shareholders it is expected that
Manpower's registrars will instruct CREST to credit the appropriate CREST
member accounts on 23 April 2001.


Terms used in this announcement have the meanings ascribed to such expressions
in the circular to Shareholders dated 1 March 2001.


For further information please contact:


Manpower

Robert Drummond, Chief Executive Officer        020 7462 3300

Simon Thorne, Finance Director


Strand Partners

Simon Raggett, Director                         020 7409 3494


Additional Information


Strand Associates and Strand Partners acted as underwriter and financial
adviser to the Company respectively with regard to the Rights Issue. This
announcement has been issued by and is the sole responsibility of the Company.
It has been approved by Strand Partners solely for the purposes of Section 57
of The Financial Services Act 1986.


Strand Partners, which is regulated in the United Kingdom by The Securities
and Futures Authority Limited, has acted exclusively for Manpower and no-one
else in connection with the Rights Issue and will not be responsible to anyone
other than Manpower for providing the protections afforded to customers of
Strand Partners or for providing advice in relation to the Rights Issue or any
matter referred to herein.


This announcement is not for distribution, directly or indirectly, in or into
the United States. This announcement does not constitute an offer of
securities for sale into the United States. The securities issued pursuant to
the Rights Issue are not being registered under the US Securities Act of 1933
and may not be offered or sold in the United States or to, or for the account
or benefit of, US person (as such terms are defined in Regulation S, as
promulgated under such Act) unless they are registered or exempt from
registration. No public offering of securities is being made into the United
States.



END