Press release February 7, 2003

Exact Holding N.V. (EURONEXT: EXACT) today announced its annual financial results for the year ended 31 December 2002.

Highlights 2002

• Revenue increase of 4% to EUR 214.0 million (2001: EUR 206.3 million)
• Stable operating margin of 21.9% despite tough economic conditions (2001: 22.5%)
• Net income before amortization amounted to EUR 34.8 million (2001: EUR 35.4 million)
• Earnings per share before amortization of £á1.48 (2001: EUR 1.51); earnings per share after amortization amounted to EUR 1.14 (2001: EUR 1.30)
• With the acquisition of Kewill ERP Exact created a strong position in the North American mid-market for manufacturing companies
• Opening of nine new offices in five countries (North America, Australia, South Africa, United Arab Emirates and Japan), strengthening Exact unique position in the international mid-market
• Over 18,000 Exact Globe 2000 customers in the first year after its launch in the Dutch market
• Market introduction of e-Synergy in the US and PC Magazine's COMDEX Finalist Award in the Enterprise Software category for e-Synergy
• More than 20,000 e-Synergy users globally

In 2002 Exact realized a slight revenue increase of 4% to £á 214.0 million (£á 206.3 million in 2001) and an operating result of £á 46.9 million (£á 46.4 million in 2001). This includes the acquisition of Kewill ERP in June 2002. Despite tough economic conditions, Exact was able to maintain its strong operating margin in 2002 (21.9% versus 22.5% in 2001). The company generated a cash flow from operations of £á 39.3 million. The company's liquid assets amounted to £á 80.2 million at 31 December 2002.