Ctac N.V. — Earnings Release 2007

May 24, 2007

Total number of pages: 2

P R E S S R E L E A S E

s-Hertogenbosch, 24 May 2007

Ctac continues growth in first quarter 2007

SAP- services provider Ctac announces that the grow th booked in 2 0 0 6 continued in the first quarter of 2007. In the first quarter, turnover increased by 36% to EUR 11.2 million, from EUR 8.3 million in the first quarter of 2006.

In the first quarter of 2007, Ctac recorded a positive result from ordinary operations, before deduction of taxes and third party share, of EUR 0.9 million (operating margin 8 % ) , com pared w ith EUR 0 .9 m illion in the first quarter of 2 0 0 6 ( operating m argin 1 1 % ) . The net result in the first quarter of 2 0 0 7 am ounted EUR0 .5 m illion, equal to the net result in the first quarter of 2 0 0 6 . The low er operating m argin and the relatively low er profitability are the result of the replacem ent of back office system s and a lower operating margin of Ctac in Belgium. Replacement of back office systems is necessary as a result of the grow th in the past years. According to expectations, the back office system s w ill be put into use as of 1 July. The fast grow th of Ctac in Belgium is accompanied by relatively high start-up costs.

EUR mln (unless otherwise stated)	Q1 2007	Q4 2006	Q1 2006
Turnover	11.2	10.5	8.3
Operating result	0.9	1.2	0.9
Net result	0.5	0.5	0.5
Number of employees ultimo (headcount)	297	278	212

Operational developments

In the past quarter, all of Ctac s business units showed a higher level of activity. Organic turnover growth amounted to 25%. Including turnover from Ctac in Belgium, turnover growth was 36%. Of the EUR 11.2 million turnover, approximately EUR 1.1 million can be attributed to license sales (EUR 1.0 million in the first quarter of 2006).

The results in the first quarter of ²⁰⁰⁷ are excluding the recently announced intended acquisitions of Smart Solutions in Belgium, ERP² in the Netherlands and IFS probityin the Netherlands.

The intended acquisition of Smart Solutions is expected to be finalised in the first half of 2007. Expectations are that the results of Smart Solutions will be consolidated as from 1 July 2007. In 2006, Smart Solutions realised a profitable turnover of EUR 4.5 million.

The acquisition of ERP² has been finalised. The acquisition concerns the maintenance contracts of SAP systems representing a turnover value of EUR 30,000. The results of ERP² will be consolidated as of 1 April 2007.

In 2006, IFS probity realised a profitable turnover of approximately EUR 4.7 million. Parties expect to be able to effectuate the cooperation before the end of June. IFS probity is expected to be consolidated as of 1 July.

In the past year, Ctac has focused on a better positioning in the market. This has been rewarded by a number of partnerships, which have been awarded by SAP. During the annual SAP user days on 23 April, Ctac was awarded the status of SAP Hosting Partnership and was appointed Special Expertise Partner for SAP NetWeaver and for Duet.

Outlook

For 2007, Ctac expects a continuing positive economic climate in the Netherlands and Belgium. Based on its sound financial foundation, Ctac continues to be optimistic about its growth opportunities in the short and longer term. In 2007, Ctac will continue to focus on further strengthening of its market positions, turnover growth and improvement of returns compared to 2006.

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Profile Ctac

Ctac is an ICT services provider specialising in SAP solutions. Activities include implementation, integration and management of SAP systems and related activities such as system upgrades and system optimisations. The company is a SAP Service Partner and the largest SAP reseller for medium-sized enterprises in the Netherlands. Ctac sclients include approximately 200 organisations in trade and industry, business services, retail, (semi) government organisations and universities.

Ctac employed 297 people as per 30 March 2007. The company is based in s-Hertogenbosch (the Netherlands).

Ctac is listed on the Eurolist of Euronext Amsterdam and is included in Euronext s Next Economy segment

For more information:

Ctac N.V. Goudsbloemvallei 30 Postbus 773 5201 AT s-Hertogenbosch Tel. + 31 (0)73-6920692 Internet: www.ctac.nl E-mail: info@ctac.nl Contact persons: Wil Huijben - CEO Jan Willem Wienbelt - CFO

Key dates:
28 May	2007	Share ex dividend
31 May	2007	Dividend payable
30 August	2007	Publication first half results 2007
15 November	2007	Publication third quarter results 2007
13 March	2008	Publication annual result 2007
22 May	2008	General meeting of Shareholders