QPR Software - Company Announcement

NOBULTEC LTD´S SHARE ACQUISITION PAYMENTS AND CONVEYANCE OF TREASURY SHARES

QPR SOFTWARE PLC  STOCK EXCHANGE RELEASE 26 AUGUST 2011 AT 2.30 P.M.

NOBULTEC LTD´S SHARE ACQUISITION PAYMENTS AND CONVEYANCE OF TREASURY SHARES

QPR Software Plc has made payments to the sellers of Nobultec Ltd´s shares for
the agreed base consideration. According to QPR´s stock exchange release dated
on 28 July 2011, the debt-free price for the shares is EUR 0.7 - 0,8 million,
and is divided into base consideration of EUR 0.7 million and provisional
consideration of EUR 0.1 million. Provisional consideration will be paid, if
business targets set for years 2011 and 2012 will be reached. 

The payment is agreed to be made in cash (approximately 75% of the total
consideration) and using QPR Software Plc´s treasury shares (approximately 25%
of the total consideration). As part of the total consideration, and based on
authorization granted in March 2011 by the Annual General Meeting, QPR´s Board
of Directors has decided to convey 249,021 treasury shares to the sellers by 31
December, 2011. The Company held on 25 August 2011 a total of 376,150 treasury
shares. 

QPR Software Plc agreed in July to acquire 100% of Nobultec Ltd´s shares. The
transaction took place on 1 August, 2011. Nobultec is a service company that
specializes in business process development in SAP system environments. As the
transaction took place, Nobultec became QPR´s 100% owned subsidiary. Nobultec´s
net sales in 2010 were EUR 1.141 million and operating profit EUR 0.137
million. The company employs 12 people. 

QPR SOFTWARE PLC

Jari Jaakkola
Chief Executive Officer
Tel. +358 40 502 6397
www.qpr.com


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