Compulsory Acqn of Shares

RNS Number:3796P
Unit 4 Agresso N.V.
05 March 2008




Not for release, publication or distribution in whole or in part, directly or
indirectly, in or into or from the United States, Canada, Australia or Japan or
any jurisdiction where to do so would constitute a violation of the relevant
laws of such jurisdiction



5 March 2008

Recommended cash offer by Agresso Limited ("Agresso"), a wholly owned subsidiary
of Unit 4 Agresso N.V. ("Unit 4 Agresso"), for CODA plc ("CODA")


POSTING OF COMPULSORY NOTICES

Compulsory acquisition

Further to its announcement on 26 February 2008 regarding its intention to
implement the procedures set out in sections 979 to 982 (inclusive) of the
Companies Act 2006 to acquire compulsorily the remaining CODA Shares for which
it has not received acceptances of the Offer, Agresso announces the despatch
today of compulsory acquisition notices to the CODA Shareholders who have not
accepted the Offer.


Offer acceptance

As announced on 26 February 2008, Agresso has procured the making of an
application by CODA to the London Stock Exchange for the cancellation of
admission to trading of CODA Shares on AIM, which it is anticipated will take
effect on 27 March 2008. In addition, notice was given that the Offer will
remain open for acceptance until further notice, and CODA Shareholders who have
not yet accepted the Offer are urged to do so as soon as possible.

CODA Shareholders who hold shares in certificated form (that is, not in CREST)
and have not yet accepted the Offer but wish to do so, are urged to complete,
sign and return the Form of Acceptance (together with share certificates and any
other documents of title) as soon as possible.

CODA Shareholders who hold shares in uncertificated form (that is, in CREST) and
have not yet accepted the Offer but wish to do so, are urged to follow the
procedure for Electronic Acceptance through CREST so that the TTE instruction
settles as soon as possible. CREST sponsored members should refer to their CREST
sponsor before taking any action as only their CREST sponsor will be able to
send the necessary TTE instructions to Euroclear in relation to their CODA
Shares.

Copies of the Offer Document and the Form of Acceptance are available for
inspection during normal business hours on any weekday (public holidays
excepted) at the offices of Brown Rudnick Berlack Israels LLP, 8 Clifford
Street, London W1S 2LQ, throughout the period during which the Offer remains
open for acceptance. The Offer Document is also available on Unit 4 Agresso's
website.



Terms used in this announcement have the same meaning given to them in the Offer
Document.


ENQUIRIES

Unit 4 Agresso                                                      Tel: [phone]
Edwin van Leeuwen, Chief Financial Officer

ING (financial adviser to Unit 4 Agresso and Agresso)               Tel: [phone]
Xavier Moreels
Ali Awan

Piper Jaffray (financial adviser to Unit 4 Agresso and Agresso)     Tel: [phone]
Nigel Daly
Peter del Favero


The Unit 4 Agresso Directors accept responsibility for the information contained
in this announcement. To the best of the knowledge and belief of the Unit 4
Agresso Directors (who have taken all reasonable care to ensure that such is the
case), the information contained in this announcement for which they each accept
responsibility is in accordance with the facts and does not omit anything likely
to affect the import of such information.

ING Bank N.V., London Branch ("ING"), which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting for Unit 4 Agresso
and Agresso and no one else in connection with the Acquisition and will not be
responsible to anyone other than Unit 4 Agresso and Agresso for providing the
protections afforded to clients of ING nor for providing advice in relation to
the Acquisition or any other matters referred to in this announcement.

Piper Jaffray Limited ("Piper Jaffray"), which is authorised and regulated in
the United Kingdom by the Financial Services Authority, is acting for Unit 4
Agresso and Agresso and no one else in connection with the Acquisition and will
not be responsible to anyone other than Unit 4 Agresso and Agresso for providing
the protections afforded to clients of Piper Jaffray nor for providing advice in
relation to the Acquisition or any other matters referred to in this
announcement.

This announcement is not intended to and does not constitute, or form any part
of, any offer to purchase or sell or any solicitation of any offer to purchase,
sell or subscribe for any securities or the solicitation of any vote or approval
in any jurisdiction. Any acceptance or other response to the Offer should be
made only on the basis of the information contained or referred to in the Offer
Document and the Form of Acceptance. The laws of relevant jurisdictions may
affect the availability of the Offer to persons not resident in the United
Kingdom. The Offer Document will be available for public inspection and will
also be posted on Unit 4 Agresso's website.

Unless otherwise determined by Agresso and permitted by applicable law and
regulation, the Offer is not being, and will not be, made, directly or
indirectly, in or into or by the use of the mails of, or by any other means
(including, without limitation, electronic mail, facsimile transmission, telex,
telephone, internet or other forms of electronic communication) of interstate or
foreign commerce of, or any facility of a national securities exchange of any
jurisdiction where to do so would violate the laws of that jurisdiction and will
not be capable of acceptance in, or by any such use, means or facility or from
within, any such jurisdiction. Accordingly, unless otherwise determined by
Agresso, copies of this announcement are not being, and must not be, directly or
indirectly, mailed, transmitted or otherwise forwarded, distributed or sent in,
into or from any such jurisdiction and persons receiving this announcement
(including, without limitation, custodians, nominees and trustees) must not mail
or otherwise distribute or send it in, into or from such jurisdiction, as doing
so may invalidate any purported acceptance of the Offer. Any person (including,
without limitation, any custodian, nominee and trustee) who would, or otherwise
intends to, or who may have a contractual or legal obligation to, forward this
announcement and/or any other related document to any jurisdiction outside the
United Kingdom should inform themselves of, and observe, any applicable legal or
regulatory requirements of their jurisdiction.

In accordance with normal UK market practice, Agresso or any person acting on
its behalf may from time to time make certain market or private purchases of, or
arrangements to purchase, directly or indirectly, CODA Shares other than
pursuant to the Offer. Any information about such purchases will be publicly
announced as required by law or regulation in the UK.



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