Press Release

Exact appoints Mr. Max Timmer as CFO

DELFT, 28-12-2009

Exact announces that Mr. Max Timmer will start on January 1, 2010 as CFO of Exact Holding N.V.. The Supervisory Board will nominate Mr. Timmer at the first General Meeting of Shareholders for appointment as member of the Managing Board.

Mr. Timmer has served from 2005 until 2009 as CFO of Leaf International B.V., a spin off from the large conglomerate CSM founded in 2005 by CVC Capital and Nordic Capital, after having been responsible as General Manager Operations for the supply chain of Leaf in Italy in the period 2003 until 2005. Before joining Leaf, Mr. Timmer held in the period 1992 until 2003 various finance positions with CSM N.V., the latest being Vice-President Finance & Information of the sugar confectionary division. Mr. Timmer started his professional career in 1990 with Gilde Investment Management. Mr. Timmer holds a Master’s degree in Econometrics of the Erasmus University in Rotterdam.

Mr. Rolf Deves, Chairman of the Supervisory Board of Exact, says: "Mr. Timmer is an excellent candidate for the position of CFO at Exact. We are happy that with the proposed appointment of Mr. Timmer we have been able to extend the Managing Board, which was one of our main priorities as Supervisory Board since our appointment in April this year. Although the quality of the finance function within Exact has in the past always been covered excellently, appointing a CFO and extending the Managing Board is a principle of good corporate governance."

Mr. Timmer will be nominated for appointment as member of the Managing Board in the first General Meeting of Shareholders in 2010.

Exact. And it all comes together.

We started serving the entrepreneurial world with information technology in 1984. We have grown from a student start-up to a global solution provider and our entrepreneurial roots constantly remind us that adding value for our customers is what we are here for. With approximately 2,400 employees in 40 countries, we serve over 100,000 local and international companies in more than 125 countries and provide our business software solutions in more than 40 languages. We have been listed on the NYSE Euronext Amsterdam since June 1999 with our revenues amounting to € 261.0 million in 2008.

Serving entrepreneurial businesses is at the heart of what we do. We understand their mindsets, how they collaborate within their business community and the structure they need to achieve results. With this knowledge we provide software solutions that support every business activity and give real-time insight into the entire business. This gives our customers the freedom to successfully address challenges and opportunities, creating value for their customers and ultimately for themselves.

For further information about Exact visit www.exact.com.