Announcement regarding a Share-Swap and Distribution Agreement.
FreeSoft Plc. (1117. Budapest, Neumann J. u. 1/c.) informs the participant of the financial and capital market that FreeSoft Plc.'s major shareholders have reached an agreement to sell the following parcels of ordinary shares to FreeSoft Asia-Pacific Pty Limited (Australian Company Number 123 930 138) whose registered office is at Unit 703, 79 Grafton Street, Bondi Junction, New South Wales, 2022, Australia, at a price of 2,500 Forints per share: Vilmos Vaspál 40,000 ordinary shares, Edit Vincze 40,000 ordinary shares, Kaptár Co. 20,000 ordinary shares, Tibor Horváth 10,000 ordinary shares and László Molnár 10,000 ordinary shares.
The consideration for the total of 120,000 ordinary shares in FreeSoft Plc. 2,000,000 newly issued ordinary shares of AUD 1.00 each in FreeSoft Asia-Pacific Pty Limited.
FreeSoft Plc. has signed a Distribution Agreement with FreeSoft Asia-Pacific Pty Limited for the sale of their products and services in Australia and the Asia-Pacific region.
The share-swap has been initiated by FreeSoft Asia-Pacific's lending bank and their private equity investors. As a result of the share-swap the holdings of the major shareholders in FreeSoft Plc. have reduced as follows: Vilmos Vaspál: to 320,800 ordinary shares (22.4%), Edit Vincze: to 232,800 ordinary shares (16.2%). The holding of FreeSoft Asia-Pacific Pty Limited in FreeSoft Plc. is 120,000 ordinary shares (8.4%).
Budapest, 13 April 2007
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