Exact Holding N.V. (EURONEXT: EXACT) today announced its financial results for the first half of 2004.

Highlights
· License revenues increased by 7% to Eur 29.6 million (same period in 2003: Eur 27.6 million.) At constant currency rates license revenues increased by 11%
· Total revenues remain stable at Eur 102.9 million (same period in 2003: Eur 102.8 million). At constant currency rates total revenues would have increased by 3.5%
· Operating margin continues to be strong at 24.4% (same period in 2003: 24.5%)
· Acquisition of the Treadstone Group, a Cincinnati, Ohio-based IT consulting and systems integration firm
· Opening of five new offices, in Atlanta, Denmark, Argentina, Kuwait and Ecuador
· Continued increase in e-Synergy users with 7,000 to 32,000 globally
· Introduction of Exact Globe 2003 Manufacturing and Project Management modules