Disposal of Exago

Angle PLC 18 March 2004 For Immediate Release 18 March 2004 ANGLE plc (ANGLE or the 'Company') Disposal of Exago ANGLE plc is pleased to announce that Corpora plc ('Corpora') has entered into a conditional agreement to acquire the entire issued share capital of Exago, a venture company in which ANGLE has a 49.9% interest, for £5.30 million at the mid-market price at close of business on 17 March 2004. Proceeds of the disposal are to be satisfied by the issue to ANGLE of 6,071,335 New Ordinary Shares in Corpora. This represents 18.1% of Corpora's issued share capital, as enlarged by the issue of New Ordinary Shares and after the proposed placing by Corpora of £2.5m, valuing the Company's interest at £2.58 million at the mid market price at close of business on 17 March 2004. Exago is a joint venture formed between ANGLE and BT in 2000 using Intellectual Property developed by BT Exact, BT's research, technology and IT operations business. Exago launched eXero, an integrated suite of advanced knowledge discovery, summarisation, collaboration and expertise location software tools that gives users the ability to find, manage and share information that is relevant to their business needs. Exago's strategy has been to seek to generate revenue from the licensing of eXero to third parties for selling on to their customer base or for building into wider solutions. In its first year of trading, Exago achieved sales of £438,000, the majority in the UK, through a combination of direct and indirect sales channels. The acquisition of Exago is conditional upon the passing of certain resolutions to be proposed at an EGM of Corpora, to be held on 5 April 2004 and satisfactory completion of a Placing of 7.1 million New Ordinary Shares in Corpora, underwritten by Bridgewell Securities Limited. As part of the disposal, ANGLE has entered into orderly market undertakings under which the Company has undertaken (subject to certain exceptions) not to sell any shares for a period of 12 months following completion. Following the acquisition, Dawson Buck, the current Chairman of Exago and a Director of ANGLE, will join the Board of Corpora as a non-executive Director. Andrew Newland, Chief Executive, commenting on the transaction said: 'By adopting our systematic Progeny(R) process for establishing and building new technology companies, we have successfully concluded our first venture company disposal producing a multiple return on our investment of over ten times. I am delighted to be announcing this disposal so soon after our successful flotation on AIM.' For further information, please contact: ANGLE plc 01483 295830 Andrew Newland, Chief Executive Dawson Buck, Deputy Chief Executive Ian Griffiths, Finance Director Buchanan Communications 020 7466 5000 Richard Darby, Suzanne Brocks Notes to Editors Founded in 1994, ANGLE is an international venture management and consulting company focusing on the commercialisation of technology and the development of technology-based industry. ANGLE creates, develops and advises technology businesses on its own behalf and for its clients. This information is provided by RNS The company news service from the London Stock Exchange