Re: Rights Equity Issue

Manpower Software PLC 14 May 2001 14 May 2001 MANPOWER SOFTWARE PLC ('the Company') Further Re: Rights Equity Issue Manpower Software plc announces that further to the Rights Issue announcements on 19 and 20 April 2001, the entitlements of warrant holders under the warrant deed dated 16 December 1999 ('the Deed') have been adjusted as described below. The Deed requires that in the event of a rights issue being undertaken by the Company, the subscription price for warrants is to be decreased by reference to the discount applied to shares issued pursuant to the rights issue and the number of warrants held by warrant holders increased, such that the total exercise price of all the warrants before and after these adjustments remains the same. With effect from 23 April 2001, being the date of issue of the new Ordinary Shares under the Rights Issue, the subscription price of each warrant has become 67 pence per Ordinary Share and each warrant holder has been granted additional warrants amounting to approximately 16.42% of their original holding. In accordance with the requirements of the Deed, these adjustments have been certified as being fair and reasonable by the Company's auditors, HLB Kidsons. New warrant certificates will be despatched to warrant holders shortly. For further information please contact: Manpower Software plc Simon Thorne, Finance Director (020) 7462 3300 Strand Partners Limited Simon Raggett, Director (020) 7409 3494 END