Ctac N.V. — Earnings Release 2008

May 22, 2008

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

's-Hertogenbosch, 22 May 2008

Ctac continues turnover and profit growth in Q1 2008

Key figures

EUR million (unless otherwise stated )			Q1 2008 Q1 2007 Q4 2007
Turnover	17.0	11.2	15.4
Operating result	2.1	1.0	1.5
Net profit	1.3	0.5	0.7
Number of employees at Q-end (headcount)	414	297	412

Key information

• Turnover up 51% compared to first quarter 2007; organic growth 26%
• Operating result more than doubles year-on-year; strong improvement operating margin to 12.5%, from 8.5%
• Acquisition of outstanding minority interests in a number of subsidiaries means the level of net profit in proportion to operating result improved (a greater share of profits can be attributed to Ctac's net result)
• New organisational model with four divisions introduced
• Expected turnover growth and improvement of operating margin for full year 2008 in line with turnover and result levels reached in fourth quarter 2007 and first quarter 2008

SAP-services provider Ctac announces a strong increase in turnover and profit in the first quarter of 2008. Turnover rose to EUR 17.0 million, up 51% from the EUR 11.2 million reported in the first quarter of 2007 (turnover in the fourth quarter of 2007 was EUR 15.4 million). A total of EUR 1.7 million of the quarterly turnover can be attributed to sales of licences. Organic turnover growth was 26%, compared with 25% in the first quarter of 2007. The operating result increased to EUR 2.1 million (operating margin 12.5%), from EUR 1.0 million (operating margin 8.5%). The improvement in profit can be attributed primarily to increased efficiency. In addition, in the first quarter of 2007 results were affected by investments in the back-office systems, which were necessary due to the continued strong growth of the organisation.

As earlier announced, Ctac has accelerated the acquisition of outstanding minority interests in a number of subsidiaries in the course of the first quarter, while at the same time increasing the level of integration of the business units within the Ctac organisation. This has affected the third-party share in the profit & loss account, while a greater share of the profits is attributed to Ctac's net result.

Changes in the organisation

In the past three years, Ctac, with its successful Powerhouse model, has grown from an organisation with just over 100 employees into an organisation with 414 employees as per 31 March 2008. During this period all existing and newly-launched business units experienced strong growth. In order to respond to future market demand as effectively as possible with the current scope of the activities, Ctac has introduced a number changes to its organisation.

The company has adapted its organisation to be more in line with its current size and outlook for the future. As from 1 May, Ctac will operate on the basis of the divisional structure described below in each country.

1. Ctac Business Services

Within this division, Ctac acts as business partner and business consultant. In terms of thinking with its clients, Ctac is the outstanding expert with extensive know-how of the sector or market segment. At the moment, the business units Re-spect, Alphalogic and IFS-Probity are active within this division in the Netherlands. In Belgium, the business units Alphalogic and Re-Spect are included.

2. Ctac Small and Medium-sized Enterprises

The business units mYuice and Yanta, which operate within this division, actively respond to the two key distinctions within the small and medium-sized enterprise sector (SME): the approach and the culture. The SME activities of Alpha Groep will be integrated in the Ctac organisation before 1 July. As from that date, these activities will also be part of the Ctac Small and Medium-sized Enterprises division.

3. Ctac Managed Services

Via the Ctac Managed Services division, Ctac operates as service organisation in the field of hosting and management with a strong focus on the quality and continuity of the services to clients. In the Netherlands this division incorporates the business units AMI and NetIT, while in Belgium this is Ctac AMI.

4. Ctac Professional Services

Through this division, Ctac acts as specialist in a certain niche, for instance as solution consultant, to solve a specific issue for its clients. This is not usually sector-related and sometimes occurs simultaneously with the provision of in-house Ctac products. In the Netherlands, the business units CIMS, BiGrip, Cvalue, Hitch and Ytool are part of this division. In Belgium, the division operates through the business units Smart Solutions, Alpha Square and Alpha Intelligence.

The Management Team ("CMT"), reporting directly to the Executive Board, is directing the cooperation between these divisions, as well as the sales coordination in the Netherlands and Belgium.

Ctac will report on these divisions on an annual and semi-annual basis.

Outlook

Based on the new organisational model, Ctac will devote considerable attention to further strengthening its profile as a SAP / ERP specialist, expanding market positions and utilising cross-selling opportunities between the divisions. Ctac expects to realise an increase in turnover and improvement of the operating margin for the full year 2008, in line with the turnover and result levels reached in the fourth quarter of 2007 and the first quarter of 2008.

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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 Gold Partner and the largest SAP reseller for medium-sized enterprises in the Netherlands. Ctac's clients include approximately 200 organisations in trade and industry, business services, retail, (semi) government organisations and universities. Ctac employed 412 people as per 31 December 2007. The company is based in 's-Hertogenbosch (the Netherlands). Ctac is listed on Euronext Amsterdam (ticker: CTAC).

For more information, please contact:

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 person: Jan Willem Wienbelt – CFO and interim CEO

Key dates:
22 May 2008	General Meeting of Shareholders
26 May 2008	Ex-dividend date
2 June 2008	Dividend payment
28 August 2008	Publication first half results 2008
	13 November 2008 Publication third quarter results 2008
12 March 2009	Publication annual results 2008
20 May 2009	General Meeting of Shareholders