02 October 2006 – Acquisition

Company Optimisa PLC
TIDM OPS
Headline Acquisition
Released 13:46 02-Oct-06
Number 7956J
Optimisa plc

Acquisition of Andrew Irving Associates

Optimisa plc announces the acquisition of Andrew Irving Associates (AIA) for a total consideration of up to £317k. An upfront payment of £187k will be satisfied by the issue of 17,701 shares and £10,700 in cash. The remaining £130k will be paid in cash and shares but is dependent on performance. AIA had sales in excess of £700k and profits before tax of £47K in the year to end April 2006 and a net asset value of c £175k. This follows the add-on acquisition of nxtMOVE Corporation in March 2006 for c £1million and is expected to be significantly earnings enhancing in 2007.

AIA provides both qualitative and quantitative market research, primarily for the UK public sector. It will give the Group a more cost-effective service capability for small projects in the UK that are currently outsourced, while providing a long-established and well respected base from which to expand further into the public sector.

AIA will continue to operate much as before but under the umbrella of Optimisa plc, which will provide the administrative and operational support necessary to grow the business rapidly from its current level. As a sign of commitment from the management team of AIA, most of the upfront payment has been taken in shares in Optimisa plc rather than in cash.

Enquiries:

Ron Littleboy, Chairman, Optimisa plc 020 7960 3320
Simon Dannatt, Chief Executive, Optimisa plc 020 7960 3300
Hugh Oram, Nabarro Wells & Co. Limited 020 7710 7400
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