SAGE GROUP
NEWS RELEASE
SAGE INTERNATIONAL ISSUE SUCCESSFULLY LAUNCHED
KBC Financial Products, international investment bankers, have announced
that they have successfully launched and priced an international equity
linked note issue for Sage Group Limited.
The issue, by way of a private placement to international institutional
investors, is expected to raise $65 million for Sage and the closing is
anticipated on 22 June 2001.
The placement was substantially oversubscribed and will, inter alia, be used
for the anticipated redemption by Sage of its existing 4,5% convertible
redeemable preference share capital on 30 June 2001.
Further details of the issue will be announced following the closing on 22
June 2001.
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