Exact Holding announces strategy and goals

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Press release April 7, 2005

Pressrelease April 7, 2005

Exact Holding announcesstrategy and goals

In theannual general meeting of shareholders Exact Holding N.V. (EURONEXT: EXACT)today announces its strategy for the coming years.

Highlights

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A number of targetedacquisitions supporting strategic group businesses in geographic expansion andcomplementary business lines.

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Expected revenue of € 235 ~ 240 million in 2005,operating income before amortization € 50 million or more

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Expected revenue in 2007 ofat least € 300 million, operating margin at least 20%

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Rajesh Patel and Jim Kentappointed as members of the board of directors

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Rajesh Patel to succeedEduard Hagens as CEO as of July 1^st, 2005

For the coming years Exact will focus entirely on threestrategic product lines: Exact Globe, e-Synergy and its new ASP (ApplicationService Provider) solution Exact Online. R&D Investments will increase with€ 5 million in 2005.

Exact Online, that will be launched in the second quarterof 2005, will address the needs for Exact’s current DOS and Windows customersin its small and medium business markets where the focus is on generatingvolume sales.

ExactGlobe and e-Synergy, both having shown impressive growth and customersatisfaction, are geared towards the enterprise markets in the Netherlands,Internationally and with customers in North America. These markets target ahigher deal value, are solution orientated where geographic presence,consultancy and connectivity to third party applications are key successfactors.

Furthermore, R&D will focus on support of mobile devicesthrough e-Synergy and Exact Globe as well as support of Oracle, .NET and Linux.

A promising new market segment is the international HRM andpayroll application market, for which Exact feels confident it has acompetitive edge through its local knowledge in its international directnetwork of offices and the availability of local HRM and payrollfunctionalities in 9 countries.

Acquisitionstrategy

Inthe fragmented ERP market space, Exact clearly sees acquisitions as a means todrive growth for e-Synergy and acquire specialized knowledge in new verticalmarket segments. The targeted acquisitions will be in the following areas:

The supervisory board of Exact Holding today announces that

Rajesh Patel

, Vice-President Exact International and James Kent, Vice-President Exact NorthAmerica, are appointed as member of the board of directors of Exact HoldingN.V.

Eduard Hagens announces that he will step down as CEO andmember of the board of directors as of July 1^st, 2005. Thesupervisory board

will

appoint Rajesh Patel to be the successor ofEduard Hagens.

In a comment for his decision, Eduard Hagens says: “I nowfeel very confident that Exact has a bright future; with its new board membersand clear strategy Exact is able to become a leader in the 3^rdgeneration ERP market with its advanced technological products.”

The Supervisory Board is very glad with the fact that RajeshPatel accepted the position as CEO. We are confident that the new team will putthe strategy into practice and will contribute to the next stage of growth.

A search process has been startedfor a CFO to be appointed later this quarter. As disclosed yesterday,

Eelco van der Enden, corporatefinance director and intended CFO of the company, has decided to resign fromExact for strictly personal reasons.

The economic conditionsare uncertain and the traditional ERP mid market could show increasing pricingpressure on products and services due to over supply. However, due to theglobalization and penetration of internet within businesses, customersincreasingly seek collaborative and web based solutions to seek supply chaincost efficiencies and better organization of content within the enterprise.Exact is well positioned to respond to this customer demand with its e-Synergyproduct. Furthermore we expect that standard business applications can driveorganizations efficiencies by connecting to mobile devices that areincreasingly in demand with new generation users. These users demand better andfaster access to accurate and useful data. We also see a clear acceptation of theinternet in the traditional SMB market due to an increased customer demand forASP solutions (Application Service Provider).

The revenue is expected to increase this year to € 235 ~ 240million including acquisitions. To fuel this growth Exact will increase itsmarketing investments with € 10 million. Exact expects an operating incomebefore amortization of at least € 50 million.

Goals2007

Goals for 2007 as disclosed todayare:

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revenue of at least€ 300 million;

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operating margin of at least 20%;

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more than 500,000 synergy users;

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long term revenue growth at 20% annually;

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leading global mid-market player;

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# 1 in the third generation ERP- internet

For furtherinformation:

Smink, van der Ploeg & Jongsma

KeesJongsma
+31 (0)20 – 647 81 81
+31 (0)654 – 798 253

Exact Software, located in Delft,the Netherlands is a leading developer of state-of-the-art accounting, payroll,HRM, CRM, ERP and e-business software. The rapidly implemented solutions offerdirect return on investment for small and medium-sized enterprises anddivisions of multinationals by integrating critical business processes andcreating real-time enterprises.

Since its establishment in 1984Exact has become an international market leader. Exact’s global presenceincludes more than 60 subsidiaries and 20 distributors in over 60 countries.Revenues in 2004 amounted to € 212 million. Exact Holding N.V. has been listedon the Euronext Amsterdam Stock Exchange since June 1999.

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