Free float increases placement of 9.9% of the capital Paris, Friday October 26, 2001

AXA Private Equity on 25 October 2001 placed a block of 960,500 Linedata Services shares (9.9% of the company’s capital), or around 41% of its holding, through an international private placement to institutional investors in France, the USA and the UK.

AXA Private Equity now holds 14% of Linedata Services‘ shares and has undertaken to continue holding these shares for at least seven months.

AXA Private Equity, a Linedata Services shareholder since the December 1997 LBO, has accompanied the group during its expansion phase and will continue to do so. Since 1998, Linedata Services has grown sales by more than 300 percent. In 2001, the Group confirmed its forecast for an operating margin of more than 15 percent on sales of € 77 million.

This transaction confirms Linedata Services' increased financial independence and raises the free float to around 45%.

About Linedata Services

Under the guidance of its chairman, Anvaraly Jiva, Linedata Services has become a key European player in the financial data processing market. As a software developer, systems integrator and operating services provider, Linedata Services has a full product offering for the financial services industry. Its core business lines are Asset Management, Employee Saving and Credit Finance. The company reported sales of € 53.7million in 2000, up 48.7% year on year. Linedata Services was listed on the Nouveau Marché of Euronext Paris in May 2000.
 
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Additional information: www.linedata.com

LINEDATA SERVICES
Thomas Hirsch
thomas.hirsch@linedata.com
Tel: +33 1 47 77 68 25

EQUITY CONSEIL
Guillaume Le Floch
glefloch@equityconseil.com
Tel: +33 1 45 22 22 30