Disposal

RNS Number:8152B
Documedia Solutions PLC
30 September 2002

Embargoed until 10.00 am, 30 September 2002



Disposal
Board Change


Documedia Solutions Plc disposes of software business to TripleArc Plc

On 28 September 2002 Documedia Solutions Plc, the AIM quoted digital printing
company, disposed of the business and assets (including certain intellectual
property rights) of ControlP, its software and technology division, to TripleArc
plc.

The business and assets being sold include the company's print procurement
solutions, including edit2print, the group's print ordering system, IPMS, the
group's workflow management tool and ePrint, an "off the shelf" solution aimed
at the small printer. In the last financial year to 28 February 2002, the
business made a loss. The approximate net book value of the assets being sold is
#45,000.

The initial proceeds from the transaction are #145,000, to be satisfied on
completion as to #100,000 in cash and the issue of #45,000 of new ordinary
shares in TripleArc Plc.  A minimum of a further #105,000 and a maximum of
#165,000 is payable in deferred cash consideration over 3 years in equal annual
installments.  Payments above the minimum are dependent upon net sales revenues
of the ControlP products in the relevant year. The deferred cash consideration
will be unsecured.

Following this transaction, the Documedia Solutions Group will comprise the
printing businesses acquired in November 2001 and February 2002.

In connection with the disposal, Daniel Emerson, who has been running the
business being sold, will be resigning as a director of Documedia Solutions plc
and will assist in the handover of the business under TripleArc's ownership.

The cash proceeds from the disposal will provide additional working capital for
the Documedia Solutions Group.

Documedia Solutions has agreed not to dispose of any of the TripleArc shares
that it will receive as consideration for a period of 12 months.




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