Affecto Plc has announced its intention  to acquire  all  issued  and outstanding shares in Component Software  Group  ASA, a listed company in Norway, through  a  public tender offer. The consideration offered is NOK 63.68 per share paid as a combination of cash and shares in Affecto, or cash only. Prior to the settlement date of the Tender Offer, and subject to completion of the Tender Offer, Component will distribute a dividend of NOK 1.82 per share, raising total consideration to NOK 65.50 per share.

The  implied  market  capitalization of the issued and  outstanding  Component
shares  is EUR 46 million. The Tender Offer is structured to result  in  a  40
percent share consideration and a 60 percent cash consideration, implying that
approximately 4.7 million new Affecto shares will be offered. For the purposes
of  the Tender Offer, the value of the Affecto share is deemed to be EUR  3.87
per share and the EUR/NOK exchange rate is 8.1195, the exchange rate published
by the European Central Bank on May 31, 2007.

Shareholders  representing approximately 66 percent of the  share  capital  of
Component have irrevocably undertaken to accept the Tender Offer. The Board of
Directors  of  Component  has on the date hereof  decided  to  recommend  that
shareholders of Component tender their Component shares to Affecto pursuant to
the terms of the Tender Offer.

Shareholders  representing approximately 37 percent of the  share  capital  of
Affecto  have  irrevocably undertaken to support the Tender Offer  by  way  of
voting  in  favour  of the issuance of new shares and to  vote  in  favour  of
electing  a  new  board  member  of  Affecto  nominated  by  Component  at  an
extraordinary general meeting of shareholders in Affecto to be  held  on  July
10, 2007 or as soon as practicable thereafter.

Affecto  has entered into a combination agreement with Component on  the  date
hereof regarding the principle terms of the Tender Offer, certain undertakings
by  Component  regarding  the conduct of business of  Component,  as  well  as
certain other terms related to the Tender Offer (the "Combination Agreement").
The principle terms of the Combination Agreement have been described below.

Component  is  a  leading  Scandinavian player  within  Business  Intelligence
solutions, including software and services. The business idea of Component  is
to  assist  its customers in turning large amounts of data into  valuable  and
usable  information and knowledge that can be used in the daily management  of
the company. Component Software divides its operations into two product areas;
Business  Intelligence and Document Management. The Company both delivers  and
implements  leading  information  solution  software  with  the  objective  of
improving   customers'  competitiveness,  facilitating  access   to   business
information and reducing costs. The company is also, through its own Contempus
software portfolio, a leading European player within electronic processing  of
supplier  invoices  and  eCommerce. In 2006, the Component  Group  achieved  a
turnover  of  NOK  303.8  million. Component is  headquartered  in  Oslo,  has
subsidiaries  in Denmark and Sweden, and employs a staff of 210. Component  is
listed at the Oslo Stock Exchange under trading symbol CSG.

Affecto believes that a combination of the businesses of Affecto and Component
would  result in a strong player in the Nordic market, which would  strengthen
both  organisations  and enhance and broaden service and product  offering  to
their customers.

Affecto  CEO Pekka Eloholma comments the transaction: "This acquisition  is  a
significant  and  logical step toward our strategic goal  to  be  the  leading
Business Intelligence solution provider in the Nordic, Baltic and CEE regions.
By   doing  this,  we  create  the  clearly  largest  and  strongest  Business
Intelligence  solution  provider  within these  regions  with  a  very  strong
position in Finland, Sweden and Norway and a good position in Denmark and  the
Baltic  countries. The size of our company grows significantly, we  target  to
reach EUR 115 million net sales on a pro-forma basis in 2007 and the number of
employees  will be approximately 1,000. We have known Component for years  and
know  it  to  be  a  well-managed company with excellent  competence.  As  the
corporate  culture  is  similar to us and as there  is  very  little  business overlap, we expect the integration to go smoothly."

Component  CEO  Åge  Lønning comments: "In this business  combination  we  are
creating  the strongest Business Intelligence competence center in the  Nordic
and Baltic region. We in Component Software are looking forward to join forces
with  Affecto.  We  are operating in an exiting and growing  market.  Bringing
together  the  competencies  and experience of both  companies  will  help  us
develop better solutions and create more value for our customers."

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