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Qurius’ shareholders authorize transaction and executive board extension

At this morning’s extraordinary meeting, the shareholders of Qurius N.V. have authorized the merger with Watermark, which will create Europe’s largest Microsoft Dynamics partner. The combined company will have around 700 employees and 1,700 customers. The merger will be consolidated in Qurius' financial results as of 31 December 2006.

The shareholders have approved both the proposed transaction and extension of Qurius' Executive Board with two members. As of 18 December, the Executive Board will include Watermark's Tom Stolk and Frank van der Woude, besides Fred Hermans and Mark van Kemenade.

"Together, we can offer our customers a complete package of solutions and services and accelerate the realisation of our European growth ambitions. Our customers can benefit from the expertise and scale expansion. Also, the merger is expected to make a positive contribution to the earnings per Qurius share", says Fred Hermans, chief executive officer of Qurius.

Transaction and shares
Further information on the transaction is available in the shareholder circular on Qurius' website. Summarized, Qurius receives 100% of the Watermark shares in exchange for 18 million euro in cash, 18.6 million newly issued (unlisted) Qurius shares B and a share loan of 2 million newly issued Qurius shares. The issue of B shares is a temporary solution to conclude the transaction in a short time space: all 18.6 million B shares will be converted into listed shares before 1 May 2007. Because of the transaction, the number of Qurius shares outstanding will increase to 74.682.619.

Watermark
Watermark is a specialist in the implementation of company-wide software solutions, serving over 1,200 customers. Watermark offers enterprise resource planning, supply chain management and customer relationship management solutions from leading software vendors such as Microsoft Dynamics, Infor/SSA (in Spain, Italy and Germany), Scala and Multi+ (in Scandinavia). Watermark is headquartered in Veenendaal, the Netherlands, and employs 430 people via 20 offices in nine European countries. Further information is available on www.Watermark.eu.

Qurius

Qurius provides architecture, realization and systems management of Microsoft technology based business and IT solutions, including reliable and safe infrastructures. Its offices in the Netherlands and Belgium serve over 500 customers. Qurius has been publicly listed on Euronext Amsterdam since 1998. Further information is available on www.qurius.com.

Press contact:
Qurius, Caroline Jooren. Telephone +31 (0)418 683 500 or caroline.jooren@qurius.comThis email address is being protected from spam bots, you need Javascript enabled to view it .
Watermark, Hans Broer. Telephone +31 (0)318 544 900 or hbroer@watermark.euThis email address is being protected from spam bots, you need Javascript enabled to view it .