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19.06.2001

Merger



As a result of the growing trend towards consolidation of the companies' business areas, Visma Business ASA, a subsidiary of Visma ASA, has entered into a merger agreement with Next Financial Systems AS. Visma Business ASA will be the acquiring company.

The consideration will total NOK 8.250 million, of which NOK 1.650 million will be settled in cash, and the remainder will comprise 89,310 shares in Visma ASA. TimeWeb is an Internet-based time and project system for service providers and project-related enterprises. TimeWeb is not supplied as a product, but as an Internet-based service, and will form part of Visma's future commitment to supplying applications as ASP-based services. TimeWeb now has more than 1000 unique log-ins per day, and a number of leading service providers have started using the service. A substantial volume of new TimeWeb users is expected in 2001.Next Financials is a Windows-based financial system with a strong position in selected market segments such as hotels, property management and estate agencies.


For further information, please contact:

�ystein Moan, CEO, Visma ASA,
tel. (+47) 6752 55 00
mobile (+47) 920 800 00