Master Data Management Software Company TIE Holding N.V. ("TIE") listed on the NYSE Euronext Amsterdam Stock Exchange hereby announces that it has placed 2,485,714 new shares following the conversion of a convertible bond.
The Convertible Bond was issued August 24, 2006 to Stayer Holding B.V., in connection with the acquisition of Digital Channel. The Convertible Bond with a principle amount of EUR 870K, at a conversion price of EUR 0.35, will now be converted into ordinary shares TIE Holding N.V.. The transaction will be completed this week. The total number of shares in issue following this placement will amount to 54,755,390.
As a result of the conversion, Shareholder's Equity amounts to EUR 146K, with Equity totaling EUR 1,34m.

Profile TIE
TIE bridges the gap between online and traditional business. TIE helps industry and supply chain partners achieve electronic business collaboration without limitations. Our solutions are proven to lower costs, increase revenue and optimize business processes. Because we have decades of experience to share, TIE remains a key contributor to the development and implementation of global eCommerce standards. TIE is a publicly held company with offices in the United States, France, and the Netherlands.