Preliminary Results Year Ended 30 April 2006 - Investor Relations

Summary• Aim to return to revenue and profit growth– License fee revenues key to growth• Developing improved visibility– Maintenance revenues– Greater discipline in forecasting process– “lumpy” nature of large deals• Expenses reduced and tightly managedNTOperational ReviewStephen KellyNU9

Market validationAssessment – Development - DeploymentWW COBOL & Related development and deployment tool market (est.)~$2BnNotaddressableAssess0%NotaddressableAssess~$2BnLevers for Growth• Application migration• Off mainframe development• ISV growth• Economic volatility~$400mDevelopDevelop~$500mDeployDeploy20052009NVMarket SegmentsExtend your reach to newarchitectures andplatforms with the marketleader in COBOLtechnologies!Make more of ITbudget & improve timeto market by up to 25%through enhancedCOBOL operationalefficiency & legacy re-hostingDrive your outsourcedlegacy COBOL costsdown by 25% whiledelivering greaterbusiness agility for yourcustomersGlobal 2000Global Sls / OutsourcersMedium EnterprisesSmall EnterprisesISVImprove time to marketby 25% throughenhanced COBOLoperationalefficiencyOM10

SolutionsDevelop and test offthe mainframe &extend to SOAAssessmentApplicationModernisationCOBOL SolutionApplicationMigrationCOBOL analysis,development anddeploymentAssess entirelegacy inventoryto determineoptionsMove applications tolower costcontemporary platformsONGlobal Blue Chip CustomersFinancial ServicesManufacturingHealth CareTelecom/TechRetail/OtherPackagedApplication ProvidersOver 70 of the Global Fortune 100 CompaniesOO11

Streamlined world-wide organisation with clearaccountability and a focused sales structureProductGroupMarketingSalesNorth AmericaFinance &OpsHRGCUKGermanyJapanInternationalOPLast 90 days - Achieved• Driving towards operational excellence– New management team– CEO / CFO– Restructuring (aiming at $10m fixed cost reduction, with somesavings already delivered in Q4)– Alignment of objectives & responsibilities– New sales compensation plan– New processes in place– New performance management system– Weekly review of performance– Initial assessments– ‘Go to Market’– Technical health checkOQ12

Continuing Review• Products & Solutions– Product Roadmap review – linkage with market– Solutions being defined• People– Hiring experienced sales people• Market & Customers– Business review in progressORSummary and Outlook• Great heritage– customers, products and people• Solid financial foundations• Revenue growth will be largely dependent on achievingincreased licence sales• Our revenue outlook remains cautious as we stabilise andfocus the business• Strong and experienced management team in place to drivethe business forward• Assessing opportunities for growth– Market and Customers– Solutions and Products– Clarity and focusOS13

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