Network Data receives approach

"The Board of Directors of Network Data confirms that the Company has received a preliminary approach which may or may not lead to an offer being made for the Company. Discussions are at a very early stage and there can be no assurance that any offer will be forthcoming.

Further statements will be issued in due course."

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Company confirms that it has 28,268,010 ordinary shares of 10 pence each in issue. The ISIN reference for these securities is GB00B16NT791.

In addition, the Company has 2,465,000 unquoted redeemable convertible preference shares of 100 pence each in issue which may be converted into ordinary shares or redeemed in full by Network Data at the option of the holder in five equal instalments on each of 31 December 2011, 30 June 2012, 31 December 2012, 30 June 2013, and 31 December 2013. The redemption/conversion price of the convertible preference shares will be the average mid-market price of the quoted ordinary shares of the Company over the 30 days preceding the redemption/conversion instalment, subject to a maximum conversion price of £0.64 per share and a minimum of £0.40 per share.