Rocket Software Europe Holding B.V. and Seagull Holding N.V. Announce Settlement of Public Offer on Shares in Seagull Holding N.V.


AMSTERDAM, ATLANTA and NEWTON, Mass., April 27: Further to the press releases of 5 December 2006, 11 January 2007, 2 February 2007, 9 February 2007, 16 March 2007, 24 April 2007 and to the offer memorandum dated 15 March 2007, Rocket Software Europe Holding B.V. ("Rocket") and Seagull Holding N.V. ("Seagull") announce that a total of 9,138,570 shares in the capital of Seagull have been delivered to Rocket and have been paid at the offer price per share of euro 4.33 by Rocket as a result of the offer for all issued and outstanding shares in the share capital of Seagull. Consequently Rocket now holds 95.75% of the issued and outstanding share capital of Seagull.

As announced in the press release of 24 April 2007, Rocket will, in consultation with Euronext Amsterdam N.V., terminate Seagull's listing on Euronext Amsterdam N.V. and initiate a statutory squeeze-out procedure (uitkoopprocedure) as provided for in section 92a of book 2 of the Dutch Civil Code as soon as legally practicable.

Source: Seagull Software

CONTACT: Dianne Edwards, Director PR of Seagull Software,
+1 404 760 1560, Ext. 2312
Web site: http://www.seagullsoftware.com/

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