Acquisition

RNS Number:1865K
Planit Holdings PLC
17 April 2003

                         Planit Holdings plc ("Planit")

                   Acquisition of Radan Computational Limited

We are pleased to announce that on 16 April 2003 Planit entered into an
agreement to acquire the entire issued share capital of Radan Computational
Limited ("Radan").

Radan, based in Bath, is a world leader in the supply of CAD CAM software for
the sheet metal engineering industry and has subsidiaries in the USA & Europe

The consideration payable by Planit to acquire Radan is #3.62 million, made up
of 5,140,000 Planit shares with the balance of #2.67million payable in cash
#2.26 million & loan notes #0.41 million. Completion of the agreement is
conditional on the Planit shares forming the share consideration being admitted
to the Official List of the London Stock Exchange.

Audited accounts show that Radan achieved sales in the year to 31 May 2002 of
#6.4 million, generating a profit before tax of #208,000. At 31 May 2002 Radan
had net assets of #713,000.

Application has been made for a total of 5,140,000 Ordinary Shares of 10 pence
each in the company to be admitted to the Official List. Admission is expected
to become effective on 22 April 2003.

Trevor Semadeni, Chief Executive of Planit Holdings, said:

"World sales of CAD CAM software are annually $1.2 billion of which CAM for
sheet metal manufacturing represents $90 million. Radan is a market leader in
this very fragmented sector, complementing our CAM division by allowing us to
offer our customers a total solution for their manufacturing requirements and by
being able to leverage sales by distributing its products through our existing
channels.

This acquisition is expected to be earnings enhancing after the initial
restructuring has been completed."

17 April 2003



Enquiries

Planit Holdings
Trevor Semadeni                         01233 635566
Bryan Pryce                             01233 635566
Jonathan Lee                            01233 635566

Evolution Beeson Gregory
Nick Rodgers                            020 7071 4389
Tim Redfern                             020 7071 4312

Fleet Financial communications
Trevor Bass                             020 7601 1066


                      This information is provided by RNS
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