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Exact Software Starts Share Buyback Program

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Exact Software  is a global solutions provider with operations in over 40 countries and offering business software products in over 125 countries worldwide.

Further to the announcement on July 24, 2008, Exact Holding N.V. (Exact) announces that it will start a share buyback program of up to 5% of its issued shares.

Based on the 18-month authorisation granted by the General Meeting of Shareholders on April 24, 2008 and with approval of the Supervisory Board, Exact will buy up to 5% of its issued shares (‘Shares’) representing 1.22 million shares.

At the closing price of Exact on NYSE Amsterdam on July 25, 2008 the share buyback program will have a maximum value of approximately EUR 20.7 million and will be funded by the company’s existing cash reserves.

The shares acquired will remain available for general purposes of the company, including but not limited to M&A activities.

Exact has mandated ING Wholesale Banking (‘ING’) to lead manage the execution of the share buyback program, which means that ING will make its trading decisions in relation to the acquisition of Shares independently of Exact and without influence by Exact with regard to the timing of the purchases.

This means that the share buyback program may be continued during the company’s closed periods.

Any purchase of Shares shall be effected through the central order book of NYSE Euronext Amsterdam N.V. (‘Euronext Amsterdam’) or through block and cross trades within the meaning of the Euronext Amsterdam Rule Book.

Exact will provide weekly progress updates to the market.

The share buyback program will be completed on or before October 31, 2008.

In case the share buyback program is completed, Exact shall publicly disclose this at such time.

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