SAGE GROUP PLC - Acquisitions

Tue. January 27, 2009; Posted: 06:50 AM

May 23, 2006 (PR Newswire Europe via COMTEX) -- SGPYY | Quote | Chart | News | PowerRating -- 23 May 2006 Sage acquisition of majority shareholding in UBS and acquisition of Chinese distributor The Sage Group plc ("Sage") has agreed to acquire 50.2% of the share capital of UBS Corporation Berhad ("UBS"), the leading vendor of business management software for SMEs in Malaysia, listed on the Malaysian Stock Exchange. Sage purchased the shares for a price of 0.98 Ringgit per share. The purchase consideration for these shares is approximately GBP7m, to be paid in cash. As a result of this transaction, and as required by Malaysian regulations, Sage will make an offer to the remaining UBS shareholders to acquire all outstanding shares, for the same price of 0.98 Ringgit per share. Details of this offer are set out in a Notice of Mandatory Offer announced by UBS. With over 100,000 customers, UBS is the leading vendor of business management software for small and medium-sized businesses in Malaysia. UBS revenues for the year ended 31 December 2005 were approximately GBP1.9 million* (2004: GBP1.7 million*). Earnings before depreciation and amortisation were approximately GBP 0.9 million* (2004: GBP0.7m*). In addition, on 16 May 2006, Sage acquired a Chinese Sage distributor comprising SWA Ltd. and Huatuo Software Ltd., for a small, undisclosed consideration. This business, based in Shanghai, resells and implements Sage's Chinese software products, ACCPAC and Adonix. Paul Walker, Sage Chief Executive, comments, "The acquisition of a controlling interest in UBS, and of distribution capability in China, together represent important early steps in our development of Sage businesses in the Asian region. These businesses bring important local expertise and deep knowledge of the requirements of Asian SMEs. We see significant potential to build on these acquisitions whilst increasing our knowledge of the Asian business software markets." *Financial information calculated on the basis of GBP1 = 6.84 Ringgit (Malaysia). Enquiries The Sage Group plc +44 (0) 191 294 3068 Paul Walker, Chief Executive Paul Harrison, Finance Director Phil Branston, Investor Relations Tulchan +44 (0) 20 7353 4200 Julie Foster Kirstie Hamilton END

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