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September 2005

Interim Results Announcement of proposed C$38.5m acquisition of Systech Retail Systems Corp. (“Openfield”) Management Structure Product Strategy. September 2005. Contents. Page 2 Highlights 3 Market Position 6 Management Structure 7 Integration Update 8 Financial Highlights

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September 2005

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  1. Interim ResultsAnnouncement of proposed C$38.5m acquisition of Systech Retail Systems Corp. (“Openfield”)Management StructureProduct Strategy September 2005

  2. Contents Page 2 Highlights 3 Market Position 6 Management Structure 7 Integration Update 8 Financial Highlights • Profit & Loss • Balance Sheet • Cash Flow 12 Hospitality and Leisure 13 Product Strategy 15 LUCAS and UK Review 17 The USA: • Market Opportunity • Systech Retail Systems Corp 19 Strategy recap 20 Outlook 21 Appendix – Business Overview Page 1

  3. Highlights Financial • 81% increase in sales to £52.5m (2004 pro forma*: £28.9m) • Underlying organic sales growth of 9% • 95% increase in adjusted operating profit to £8.0m (2004 pro forma*: £4.1m) • 50% increase in adjusted basic EPS • Completed integration of major new businesses Alphameric and Retail Store Systems Inc • Integration of XN Checkout and Anker well underway • Sales and Profits ahead of expectations Business • Proposed acquisition of Systech Retail Systems Corp for up to C$38.5m provides further springboard into the US$1.5bn US retail management systems market • Management restructured to provide bandwidth for global business • Software and service revenues increased to 41% of total sales • Focused product strategy *Pro forma information reflects results for the Group as if it had been trading in its current form for the full six month period ended 30 June 2004. Page 2

  4. Market Position – World Retail Systems Market Hardware Vendors Technology Vendors Application Software and Services Provider No 1 Page 3

  5. 4.0% 3.5% 4.0% 5.6% Itim 4.5% K3 Landsteinar Island Pacific** Retail Business Solutions Retail Java 3.5% 11.1% Partech Eurostop 3.5% VME Retail Systems 13.6% 10.3% BT Expedite Nine Others 36.4% Torex Retail Market Position (contd)EPoS Solutions Used By 191 Mid-Tier UK Retailers (Source: Nemea) **Includes Retail Technologies International Page 4

  6. Wincor Real Nixdorf, 7% Software, 12% IBM, 10% Torex Retail, 26% (Source: Clarendon Reports) Market Position (contd)Top 5 European EPoS Software Providers Page 5

  7. Management Structure • Chris Moore, Executive Chairman • Ed Dayan appointed to the main board as Chief Technology Officer • Mark Sprigg, Chief Commercial Officer • Martin Hogarty, Chief Operating Officer UK • Steve Tilley, President USA • Jeroen Boon, CEO Central Europe • Chris D’hondt, CEO Western Europe • Philip Cox joins as Group Chief Treasury Officer from Royal Bank of Scotland • Rob Loosemore continues in a strategic executive position Page 6

  8. Integration Update Page 7

  9. Financial Highlights – Profit and Loss Page 8

  10. Financial Highlights - Analysis of First-Half Revenues Other 2.1% Software 23.3% Hardware 27.9% Other 2.3% Software 21.0% Hardware 27.9% Services Services 17.8% 16.2% Maintenance Maintenance 28.9% 32.6% 2004 2005 Page 9

  11. Financial Highlights – Balance Sheet Page 10

  12. Financial Highlights – Cashflow Page 11

  13. Review of Operations – Hospitality and Leisure • £72.2m acquisition of XN Checkout completed • Market leader in UK hospitality sector • Blue chip customer base: Over 4,000 systems installed • Integration process underway – sales benefits already evident • New contract wins since acquisition: • Café Nero: £3 million • National Union of Students: £5 million over 3 years • Punch: next phase of rollout to 500 outlets (£5m over 3 years) • Bella Italia: 64 restaurants • Herald Inns: commitment for entire estate by end of 2005 (41 outlets) • Ladhar Leisure: roll out to 70 late night venues (£1m) • Strategy: To expand reach into hospitality, gaming and retail Real synergies in hospitality/leisure technology base Page 12

  14. Product Strategy • Customer requirements driven • Value add through innovation • Wide best of breed product portfolio • Technology choice – IBM & Microsoft • 2005 – commitment to customers + migration • 2006 – cross selling (LUCAS, LORD, MTS net, EDICT) • 2007 – LUCAS JAVA, LUCAS.NET, iBOB • Global solutions for a global market • New .net product launched for leisure market-LUCAS dimension Page 13

  15. WMS Head Office Systems LORD Suite Java Windows .NET Galaxy Enterprise Store Torex Retail Smartdecision Specialist Markets SmartVM Specialist Markets Product Strategy (contd) Merchandising & Financials Warehousing Data mining EPOS Performance Management Business Intelligence Assortment Planning Petroleum retailing Visual Merchandising Hospitality & Leisure Page 14

  16. LUCAS & UK Review • Strong organic sales performance, particularly UK and Germany • New wins for LUCAS: UK • Co-op Home Stores • Bargain Crazy • Reiss • Mitsukoshi • Slaters Menswear Europe • Deichmann • Espirit • LUCAS now installed in 11,200 lanes across Europe and USA (>500 lanes in UK) • Cross selling opportunities growing fast • Co-op Home Stores – Retail Star • Bargain Crazy – Nova, WMS • Slaters – merchandising planning • Espirit – Hoffmann MTS net labour scheduling Page 15

  17. LUCAS & UK Review (contd) • Merchandise planning • Strong UK, European and US performance • Further $800,000 order from Ann Taylor • Littlewoods/Primark • Oldrids • Modelo Continente • Sales outlook • Increased drive for retailer flexibility = new systems • Focus – no need to chase every deal • Integration driving real sales benefits • Pipeline building • Enquiries up 74% • Partner referrals strong • Major partner bids in T1 retailers • Major bid shortlist of £25 million margin due 2005/06 (£40 million sales revenue) • Brand portfolio gaining real traction in customer base and new opportunities Page 16

  18. USA: Market Opportunity • Size • License Software and Services $4bn - $5bn, Hardware and Infra $20bn+/- • 32% To Purchase POS next 12 months, 21% in 18 Months (53%) • 20%+ To purchase Supporting Solutions next 12 months, 20%+ 18 Months (40%+) • Opportunity • Aging POS Solutions – Software and Hardware • Install base – RSS, OFS, IBM – New Targets • SOLUTIONS = Best of Breed (LUCAS, COMPASS, ISIS, Etc.) • Enterprise and other Hardware (Networking, Handheld, Scanning, etc) • Installation and related services • Competition • CRS, Triversity, Datavantage, NSB, 360 Commerce, JDA, Tomax • Consolidation of solution providers in process Page 17

  19. USA: Acquisition of Systech Retail Systems Corp for C$38.5m Consideration up to a maximum of C38.5m dependant on post completion results Expected completion date 1 November 2005 Rationale behind acquisition:- • Improved penetration of US $1.2bn US Retail IT Services market: • Entry into Grocery Segment • Cross selling opportunities : LUCAS, COMPASS • Economies of scale • Earnings enhancing in first year About Openfield Systems • Existing user base of over 3,000 ISIS licences. Customers: Safeway, Food Lion, BJ’s Wholesale Club, Sedano’s and Magruders • Revenue C$ 20.2 million, circa 55 staff • Geographic penetration Integration: • Sales Channels: – Software Licenses Via a Second Tier Business Partner • Access to significant opportunity in Tier 3 and Tier 4 – ISIS and LUCAS Page 18

  20. Strategy Recap • Integration of acquisitions to accelerate growth • Focused product strategy to exploit organic growth • Cross fertilisation and cross selling • Continued building of critical mass and geographical reach • Target: No 1 Global Retail Systems Provider Page 19

  21. Outlook • Established Number one position in Europe • Increased presence in US market place • Benefit from economies of scale to evolve • Established management team to provide bandwidth for growth plans • Tight management controls • Focus on profitability • Management confident of continued delivery of expectations and shareholder value Page 20

  22. Appendix – Business Overview • Leading supplier of in-store management solutions to major European Retailers • Core product set EPoS (electronic point of sale) and performance management solutions • Operating in three principal markets • High Street Retail – Tier 1,2 and 3 • Petroleum Retailing and Convenience Store • Hospitality and Leisure • Strong profit margins and cash flow – proven management team Page 21

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