Consort NT opens its capital to AXA Private Equity Paris, Wednesday September 11, 2002

Consort NT, an IT services company specialised in network infrastructures, has announced the opening of its capital to AXA Private Equity*, a capital management company with an exclusive focus on investments in unlisted companies. This move fulfils the group’s stated ambition to open its capital to an institutional investor, as announced at the annual results presentation on 24 April.

The operation will be presented to shareholders at the AGM on 26 September. Once concluded, AXA Private Equity should hold about 12.5% of Consort NT’s capital via its Innovation mutual funds (FCPIs), AXA Placement Innovation I and AXA Placement Innovation II.
Consort NT’s nominal capitalisation will be raised from € 1,600,000 to € 1,760,980  by the issue of 201,225 new shares with face value of € 0.80 at the unit price of € 11.43 per share implying an issue premium of € 10.63.

Listed on the OTC market since September 2000, Consort NT has posted a strong pace of organic growth in the last two years (over 90% between 2000 and 2001) and net profitability higher than 7% of sales.

Consort NT will use the additional capital to pursue its rapid development, particularly in the field of outsourcing, a key element in its business plan.

*conditional upon Consort NT being awarded the ANVAR "innovative enterprise" classification.

About Consort NT

Consort NT is a services company with 450 employees offering three areas of expertise:

• Network and telecom infrastructures,
• Industrial and Scientific Engineering
• Design, engineering and integration of information systems.

Its clients are essentially long-term partners in industry, services, banking, finance and insurance.

Additional information:    www.consortnt.fr

For further information:

Jason GUEZ, Chairman of the Board of Directors
Consort NT
Tel.: +33 1 47 38 00 38
Fax: +33 1 47 38 00 39
e-mail: jason.guez@consortnt.fr
 
Aude COTTIN
F.R.I. COMMUNICATION
Tel.: 01 53 75 05 05
Fax: 01 53 75 10 35
email: acottin@fri.fr