30 November 2007 – Offer Update

Company: : Optimisa PLC
TIDM: OPS
Headline: Offer Update
Released: 16:48 30-Nov-07
Number: 9446I

Optimisa plc

(“Optimisa” or the “Company”)

Offer update

On 19 October 2007 the Company declared that the recommended cash offer for the entire issued and to be issued share capital of eq group plc (“eq”) (the “Offer”) was unconditional in all respects. As at 3.00 p.m. yesterday, 29 November 2007, Optimisa had received valid acceptances in respect of a total of 8,806,755 eq Shares representing in total approximately 99.28 per cent. of the issued share capital of eq. The Board would like to notify all eq Shareholders that as of 1.00 p.m. on Monday 17 December 2007 the Offer will no longer be open for acceptance to all eq Shareholders who have not accepted by that time. eq Shareholders who have not yet accepted the Offer, and wish to do so, are urged to do so as soon as possible.

Having received sufficient valid acceptances of the Offer, Optimisa will shortly exercise its rights pursuant to the provisions of Chapter 3 of Part 28 of the Companies Act 2006 to acquire compulsorily any eq Shares to which the Offer relates in respect of which it has not received valid acceptances or which it has not otherwise acquired. Accordingly, Optimisa will be posting, in due course, formal notices under section 979 of the Companies Act 2006 to eq Shareholders who have not accepted the Offer by that time.

Enquiries:

Optimisa plc +44 (0) 20 7960 3300
Ron Littleboy, Non-Executive Chairman
Jonathan Waters, Director

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

Words and expressions defined in the Offer Document, unless the context otherwise requires, bear the same meaning as used in this announcement.

Noble & Company Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Optimisa and no one else in connection with the Offer and this announcement and will not regard any other person as its client nor be responsible to anyone other than Optimisa for providing the protections afforded to clients of Noble & Company Limited nor for providing advice in relation to the Offer or this announcement or any transaction or arrangement 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 and no one else in connection with the Offer and this announcement and will not regard any other person as its client nor be responsible to anyone other than eq for providing the protections afforded to clients of Evolution Securities Limited nor for providing advice in relation to the Offer or this announcement or any transaction or arrangement referred to herein.

This announcement is not intended to, and does not constitute or form any part of an offer or an invitation to subscribe for or purchase any securities nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this announcement in any jurisdiction in contravention of any applicable law. The Offer is made solely by means of the Offer Document and a notice published in the London Gazette on 27 September 2007 and (in relation to eq Shares in certificated form) the Form of Acceptance, which together contain the full terms and conditions of the Offer, including details of how to accept the Offer.: Any acceptance of 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.

The Optimisa Directors accept responsibility for the information contained in this announcement (other than the information relating to eq, the eq Directors, members of their immediate families, related trusts and connected persons). To the best of the knowledge and belief of the Optimisa Directors (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 such information.

This announcement has been prepared for the purposes of complying with English law, the Code and the AIM Rules and information disclosed may not be the same as that which would have been disclosed if this announcement has been prepared in accordance with the laws of jurisdictions outside England.

The Offer is subject to the Code and the applicable rules and regulations of the Financial Services Authority and the London Stock Exchange.

END