21 September 2007 – Offer document posted

Company Optimisa plc
TIDM OPS
Headline Offer Document Posted
Released 17:26 21-Sep-07
Number 3174E

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA OR ANY RESTRICTED JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Recommended Cash Offer for eq group plc
by Noble & Company Limited
on behalf of Optimisa plc

Posting of Offer Document and notice of Optimisa EGM

Further to the announcement made on 14 September 2007 of a recommended cash offer by Optimisa plc (‘Optimisa’) to acquire the entire issued and to be issued share capital of eq group plc (‘eq’), Optimisa announces that the offer document containing the full terms and conditions of the Offer (the ‘Offer Document’) has been posted to eq Shareholders today, together with the Form of Acceptance.

The first closing date of the Offer is 3.00 p.m. on 12 October 2007.

If you hold eq Shares in certificated form, to accept the Offer before the first closing date you should complete, sign and return the Form of Acceptance as soon as possible and, in any event, so as to be received by Capita Registrars, Corporate Actions, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU no later than 3 p.m. on 12 October 2007.

To accept the Offer in respect of eq Shares held in uncertificated form (that is, in CREST) you must make your acceptance electronically through CREST so that the TTE instruction settles no later than 3 p.m. on 12 October 2007. If you are a CREST sponsored member, you must refer to your CREST sponsor before taking any action as only your CREST sponsor will be able to send the necessary TTE instructions to CRESTCo in relation to your eq Shares.

Copies of the Offer Document and the Form of Acceptance are available for inspection (during normal business hours only) from Noble & Company Limited, 120 Old Broad Street, London, EC2N 1AR throughout the period during which the Offer remains open for acceptance.

The Board of Optimisa also announces that it has today dispatched a circular (the ‘Circular’) and notice of an extraordinary general meeting to Optimisa Shareholders. The Circular contains information on the proposed Placing to raise approximately : £7.8 million which is being carried out to fund the consideration for the Offer and the proposed resolutions to increase the authorised share capital of Optimisa and grant the Directors the necessary authorities to effect the Placing. Further details of the Placing, together with the notice convening the Optimisa EGM to be held at the registered office of Optimisa at 209-215 Blackfriars Road, London SE1 8NL at 9.30 a.m. on 15 October 2007, are set out in the Circular.

Copies of the Circular are being posted to Optimisa Shareholders today, and are available from the offices of Optimisa’s Nominated Adviser and Broker, Noble & Company Limited, 5th Floor, 120 Old Broad Street, London EC2N 1AR, free of charge, from today and for a period of one month following the date of admission of the new ordinary shares to be allotted under the Placing.

Terms defined in the Offer Document have the same meanings in this announcement.

Copies of the Circular and Offer Document shall also be available from Optimisa’s website in accordance with Rule 26 of the AIM Rules for Companies.

Enquiries:

Optimisa plc +44 (0) 20 7960 3320
Ron Littleboy, Non-Executive Chairman

Noble & Company Limited (financial adviser, Nominated Adviser and Broker to Optimisa)
+44 (0) 20 7763 2200
Nick Naylor
Brian Stockbridge

eq group plc +44 (0) 7747 032 478
Bob Bond, Chief Executive

Evolution Securities Limited (financial adviser and broker to eq) +44 (0) 113 243 1619
Joanne Lake
Angus Gladish

Noble & Company Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Optimisa plc and no one else in connection with the Offer and the Placing and will not be responsible to anyone other than Optimisa plc for providing the protections afforded to customers of Noble & Company Limited nor for providing advice in relation to the Offer, the Placing or any matter referred to herein.

Evolution Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for eq group plc and no one else in connection with the Offer and will not be responsible to anyone other than eq group plc for providing the protections afforded to customers of Evolution Securities Limited nor for providing advice in relation to the Offer or any matter referred to herein.

This announcement is not intended to, and does not constitute or form any part of, an offer or an invitation to purchase any securities or the solicitation of an offer to purchase any securities in any jurisdiction pursuant to the Offer or otherwise. The Offer will be made solely through the Offer Document and (in relation to eq Shares in certificated form) the Form of Acceptance, which will together contain the full terms and conditions of the Offer, including details of how to accept the Offer. Any acceptance or other response to the Offer should be made only on the basis of the information contained in the Offer Document and (in relation to eq Shares in certificated form) the Form of Acceptance.

The laws of relevant jurisdictions may affect the availability of the Offer to persons not resident in the United Kingdom. In particular the Offer will not be made directly or indirectly in or into the United States, Canada, Australia, Japan or any Restricted Jurisdiction. Persons who are not resident in the United Kingdom or who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about and observe any applicable legal and regulatory requirements. Further details in relation to overseas eq Shareholders are contained in the Offer Document. If you are in any doubt, you should consult your professional adviser in the relevant jurisdiction without delay.

This announcement, including information included or incorporated by reference in this announcement, may contain ‘forward-looking statements’ concerning the Offer and statements regarding Optimisa’s plans, objectives and expected performance. Generally, the words ‘will’, ‘may’, ’should’, ‘could’, ‘would’, ‘can’, ‘continue’, ‘opportunity’, ‘believes’, ‘expects’, ‘intends’, ‘anticipates’, ‘estimates’ or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Optimisa and eq’s abilities to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements.
Optimisa and eq assume no obligation for and do not intend to update these forward-looking statements, except as required pursuant to applicable law.

The Directors of Optimisa accept responsibility for the information contained in this announcement (other than the information relating to eq group, the eq Directors, members of their immediate families, related trusts and connected persons). To the best of the knowledge and the belief of the Directors of Optimisa (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they are responsible is in accordance with the facts and does not omit anything likely to affect the import of that information.

END