Flagging Announcements 2006  
29.05.2006 Oslo Børs has decided to place the shares of VIS under
special observation cf. Stock Exchange Regulations
(paragraph 23-9) on the basis of the expected compulsory
redemption of the company`s shares and subsequent
cancellation of their listing. The technical status in the
Trading System is trading halt and all the orders have been
withdrawn. This has been done to avoid incorrect
registration of orders and trades in a situation where the
company will no longer have any shares outstanding for
trading. If a notification requirement for a member
appears, Oslo Børs must be contacted for advice
29.05.2006 Oslo Børs has received the following offer document:

Offer Document and notification of
Compulsory Acquisition

Mandatory Offer to acquire
all issued and outstanding shares in

VISMA ASA

Mandatory Offer:
Offer period from and including 29 May to and including
16.00 CET on 26 June 2006
NOK 135 per share in cash
Compulsory Acquisition (in accordance with section 4-25 of
the Norwegian Public Limited Companies Act).

Financial Advisor: Citigroup Corporate and Investment
banking
Financial Advisor and Receiving Agent: SEB Enskilda
11.05.2006 With reference to the recommended public voluntary cash
offer from Engel Holding AS for all outstanding shares in
Visma ASA and the Offer Document dated 18 April 2006, Engel
Holding AS is pleased to announce that the condition stated
in the Offer document Section 2.5 c regarding the antitrust
clearance has been satisfied.

Engel Holding AS has received acceptances for 30,817,745
shares in Visma ASA, representing 96.3% of the outstanding
share capital in Visma ASA.
All the conditions set out in the Offer Document have now
been satisfied and the Offer is therefore declared
unconditional.
As previously announced, Engel Holding AS will proceed with
a mandatory offer for all the remaining outstanding shares
in Visma ASA as soon as practically possible following the
completion of recommended voluntary cash offer as required
under chapter 4 of the Norwegian Securities Trading Act
1997.
04.05.2006 With reference to the recommended public voluntary cash
offer from Engel Holding AS for all outstanding shares in
Visma ASA and the Offer document dated 18 April 2006, Engel
Holding AS is pleased to announce that the acceptance
condition stated in the Offer document (Section 2.5 a) has
been satisfied.

Engel Holding AS intends to complete the recommended
voluntary cash offer in accordance with the conditions in
the Offer document on or around Thursday 11 May 2006
provided no material adverse change occurs prior to this
date and that the antitrust clearance condition has been
satisfied.

Engel Holding AS will proceed with a mandatory offer for
all the remaining outstanding shares in Visma ASA as soon
as practically possible following the completion of
recommended voluntary cash offer as required under chapter
4 of the Norwegian Securities Trading Act 1997.
03.05.2006 Folketrygdfondet har i dag akseptert Engel Holding AS
frivillige bud på aksjer i Visma ASA. Aksepten omfatter 2 639 684 aksjer i Visma ASA. Dette er samtlige aksjer fondet eier i selskapet.
28.04.2006 With reference to the ongoing recommended public voluntary
cash offer from Engel Holding AS for all outstanding shares
in Visma ASA and the Offer document dated 18 April 2006. In
light of the bank holiday on Monday 1 May 2006, Engel Holding AS has decided to extend the offer period to Wednesday 3 May 1600 hrs Norwegian time.
21.04.2006 The Sage Group plc today announced that as at the expiry of
the offer period under its voluntary offer for Visma ASA,
the level of acceptances had not reached 90 per cent. Since
as a result the conditions to the offer have not been
satisfied, the offer will lapse. All Visma shareholders who
have accepted the offer from The Sage Group plc have
consequently been released from their acceptances.
Newcastle Upon Tyne, 21 April 2006
The Sage Group plc
20.04.2006 AKO Capital has signed an irrevocable undertaking to sell
its 2,264,803 shares in Visma ASA to Engel Holding AS at
the offer price of NOK 135 per share, representing 7.08% of
the outstanding shares in the company.
19.04.2006 Engel Holding AS has today entered into an agreement for
irrevocable acceptances for 320,000 shares. Following this
agreement, Engel Holding AS currently has irrevocable
acceptances for 16.0m shares or 50.0% of Visma`s share
capital.
19.04.2006 Oslo Børs has received the following offer document:

Recommended voluntary public cash offer to acquire all
issued and outstanding shares in VISMA ASA

Offeror:Engel Holding AS
Offer price per share: NOK 135

Offer period: From and including 19 April 2006, to and  
including 16:00 CET on 2 May 2006.

Financial advisors:
Citigroup and SEB Enskilda
18.04.2006 In a notice earlier today Engel Holding AS stated that it
has entered into agreements for irrevocable acceptances for
13.2m shares in Visma, representing 41.3% of Visma`s share
capital. Following Cevian Capital L.P.`s acceptance, Engel
Holding AS currently has irrevocable acceptances for 15.7m
shares or 49.0% of Visma`s share capital.
18.04.2006 Cevian Capital L.P. deems the offer for Visma ASA by Engel
Holding AS as more attractive than the offer previously
made by Sage Group PLC. Cevian Capital L.P. has therefore
exercised its right to terminate its undertaking to accept
Sage group PLC`s offer, and has instead undertaken to
accept Engel Holding AS` offer in resepct to all of its
2,476,593 shares in Visma ASA, equal to 7.7 percent of the
total number of outstanding shares in Visma ASA.

For further information please contact Lars Förberg or
Christer Gardell (Tel +46 8 545 675 50).
18.04.2006 Per Boasson har i dag 18. april, på egne vegne og på vegne
av P-Invest AS og Ventor AS som eies av ham, inngått avtale
om forhåndsaksept (`Irrevocable Undertaking`) av det
frivillige tilbudet om å erverve alle aksjene i Visma ASA
som er fremsatt av Engel Holding AS. Forhåndsaksepten
gjelder til sammen 3.078.698 aksjer, som utgjør 9,62 % av
aksjene i Visma ASA, og omfatter alle Boasson og
nærståendes aksjer og rettigheter til aksjer i selskapet.
Vilkårene for forhåndsaksepten fremgår av meldingen fra
Engel Holding AS.
18.04.2006 In accordance with a request from the company the shares in
Visma ASA are suspended from listing on Oslo Børs in
anticipation of an announcement.
04.04.2006 Oslo Børs has received the following offer document:

Voluntary offer to purchase all outstanding shares in VISMA
ASA

Offeror:The Sage Group Plc.

Offer price per share: NOK 125

Offer period: From and including 4 April 2006, to and  
including 17:00 cet on 20 April 2006.

Financial advisors:
Carnegie and Rothschild

3 April 2006
04.04.2006 Further to its initial announcement of 22 March 2006, and
following the completion of due diligence, The Sage Group
plc (`Sage`) today made a formal offer to acquire Visma ASA
(`Visma`).

An offer document outlining the terms of the offer has been
sent to Visma shareholders and is available on
sage.com/investors/visma.pdf and www.carnegie.no.
22.03.2006 Threadneedle Asset Management Holdings Ltds
overall share holding decreased by 1,795,538 shares to a
total of 0, which represents 0% of the shares in issue.
Total managed by Threadneedle Asset Management Holdings Ltd
under a discretionary management agreement: 0%
For your information the above % figures have been
calculated using an issued share capital figure of
32,000,062.
Flagging Announcements 2005
15.12.2005
As of December 15th 2005 the holding of AKO Master Fund
Limited in Visma ASA reached 1,567,119 shares which
corresponds to 4.897% of the shares in that company. 
  19.10.2005 
Threadneedle Asset Management Holdings Ltd  
overall share holding increased by 53,000 shares to a total 
of 1,603,438, which represents 5.011% of the shares in 
issue.
Total managed by Threadneedle Asset Management Holdings Ltd 
under a discretionary management agreement: 5.011%
For your information the above % figures have been 
calculated using an issued share capital figure of 
32,000,062.
  05.08.2005 Oslo Stock Exchange has recieved announcement that Cevian Capital L.P. has acquired 320,000 shares in Visma ASA, bringing its holding in the company to 1,886,000 shares, representing 6.02% of the capital and votes in the company.
  Flagging Announcements 2004  
  21.07.2004 Oslo Stock Exchange has received a 'Report of Significant Shareholdings' from Fidelity Investments, where they state that on behalf of investors they have sold shares in Visma ASA.  The new holding is 1,557,460, corresponding to 4.98 %.
  Flagging Announcements 2003  
  17.12.2003 Glitne Invest AS yesterday sold 4,724,858 shares in Visma ASA. After the transaction Glitne Invest AS has no shares in Visma ASA. Glitne Invest AS is a 100 % owned subsidiary of the insurance company Gjensidige NOR Forsikring.
  19.11.2003 Oslo Stock Exchange has received a 'Report of Significant Shareholdings' from Fidelity Investments, where they state that on behalf of investors they hold 5.01 %, corresponding to 1,565,728 shares in Visma ASA. Attachments on www.newsweb.no.
  28.01.2003 In the light of new regulations concerning notification of shareholdings that entail ownership of between 5 per cent and 10 per cent, a list of P-Invest AS and Per Boasson's total current positions is attached.
Visma    2,948,359 shares corresponding to 9.42%.
  17.01.2003

Glitne Invest AS has extended its agreement on the purchase of 2,351,437 shares in Visma ASA at a price of NOK 44.81 per share. The agreement is effective until 17 February 2003 inclusive. After the extension Glitne Invest AS still holds, in the form of direct ownership or through forward contracts, a total of 4,724,858 shares in Visma ASA, corresponding to 15.1 % of the share capital and the votes in the company. Glitne Invest AS is a 100 % owned subsidiary of the insurance company Gjensidige NOR Forsikring.