Ctac N.V. — M&A Activity 2009

Nov 16, 2009

Total number of pages: 2

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

's-Hertogenbosch (the Netherlands), 16 November 2009

Ctac signs letter of intent acquisition Yellow2B and Yellow & Red

ERP specialist Ctac has signed a letter of intent on the acquisition of Yellow2B and Yellow & Red. Ctac has the intention to acquire 52% of the shares in both businesses as per 1 January 2010. The acquisition price depends entirely on the future results of Yellow2B and Yellow & Red in the coming three years. Ctac will gradually increase its stake to 100% in this period.

Yellow2B (founded in 2001) delivers integration solutions that provide user-friendly access to SAP systems. Yellow & Red (founded in 2000), focuses on the realisation of internet applications, content management and e-business solutions.

The planned acquisition will reinforce Ctac's leading position in the ICT specialist market in the Netherlands and Belgium. More specifically, the acquisition strengthens Ctac's profile in the following fields:

• The acquisition of Yellow2B puts Ctac in a position to offer a new market proposition in the field of SAP usability and integration.
• Yellow & Red is a company with a proven track record in the field of internet applications, content management and e-business solutions. Ctac sees potential to use this acquisition to profile itself more effectively in this field, and to accelerate the expansion of its Microsoft products offering.
• Both businesses mainly serve large companies / multinationals and operate largely outside Ctac's own client network.
• As part of Ctac, Yellow2B and Yellow & Red will operate independently and under their own respective brand names. Ctac's SAP NetWeaver consultants will be added to Yellow2B.

Yellow2B and Yellow & Red have been profitable since their foundation and are expected to generate a combined turnover of around EUR 3.3 million in 2009. As per end-September 2009, the combined businesses had 27 staff members.

The intended acquisition is expected to make a positive contribution to earnings per share as early as 2010.

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About Yellow2B

Yellow2B realises integration solutions that provide user-friendly access to SAP systems. The company has developed a unique concept and special software components which make SAP available to a wider audience, even for inexperienced SAP users. The firm's clients include companies and organisations from various business sectors, such as Audax, the City of Ghent, the University of Maastricht, TNT Post, ENECO, BHP Billiton, the Dutch Economic Affairs Ministry and Louwman & Parqui. Yellow2B has offices in Eindhoven and Den Bosch. For further information: www.yellow2b.com.

About Yellow & Red

Yellow & Red realises internet applications, content management and e-business solutions for leading companies in he Netherlands and Belgium. The company has a 10-year track record of successful internet projects based on proven technologies, including the Microsoft platform. Yellow & Red's clients include NS (Dutch Rail), Center Parcs, Philips, KPN, VDL, DENSO Europe and DAF Trucks. Yellow & Red offers its services on the basis of consultancy, secondment or all-in turnkey project outsourcing. For further information: www.yellowred.nl.

About Ctac

Ctac is an ICT services provider specialising in ERP solutions. Activities include implementation, integration and management of among other things SAP and Microsoft systems and related activities such as system upgrades and system optimisations. The company is a SAP Gold Partner and Microsoft Gold Partner in the Netherlands and Belgium. Furthermore, Ctac is the largest SAP reseller for medium-sized enterprises in the Netherlands. Ctac's clients include approximately 600 organisations, of each size and in several sectors. Ctac employed a staff of 488 at 30 September 2009. Ctac is active in the Netherlands, Belgium and Germany with its corporate headquarters based in 's-Hertogenbosch (the Netherlands). Ctac is listed on NYSE Euronext Amsterdam (ticker: CTAC). For more information, please visit: www.ctac.nl.

For more information, please contact:

Ctac N.V. Goudsbloemvallei 30 Postbus 773 5201 AT 's-Hertogenbosch (the Netherlands) www.ctac.nl

Bart Hogendoorn – CEO T. 073-692 06 92 E. info@ctac.nl

Jan-Willem Wienbelt – CFO T. 073-692 06 92 E. info@ctac.nl

The Yellow Initiative B.V. Luchthavenweg 59 5657 EA Eindhoven T. 040 205 40 00 E. info@yellowred.nl E. info@yellow2b.com