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19.05.2005

Möglingen, 19 May 2005 - In Q1 2005, USU Software AG (ISIN
DE000A0BVU28) generated consolidated sales that were up 5.4% on the
previous year at TEUR 4,804 (PY: TEUR 4,556). 79.1% (PY: 72.0%) of
this was accounted for by the consulting business, 18.0% (PY: 27.1%)
by license and maintenance revenues and 2.9% (PY: 0.8%) by other
revenues, which mainly comprise merchandise.

EBITDA improved to TEUR -15 (PY: TEUR -64) due to the sales
increasing whilst cost developments remained comparatively moderate.
EBIT also improved compared to the previous year and totalled TEUR
-169 in the period under consideration (PY: TEUR -228).

Following the special distribution of a total of TEUR 34,206 on 18
February 2005 and the reduction of investments this entailed,
interest income in Q1 2005 totalled TEUR 93 (PY: TEUR 355). Taking
into account taxes of TEUR -39 (PY: TEUR -9), the result for the
quarter amounted to TEUR -115 (PY: TEUR 119). Earnings per share were
EUR -0.01 (PY: EUR 0.01) in the first three months of 2005.

As a consequence of the special distribution, the liquid funds and
investments of the USU Group diminished to TEUR 13,939 (31.12.2004:
TEUR 47,859). At the same time, liabilities sank to TEUR 6,248
(31.12.2004: TEUR 40,310). With shareholders` equity of TEUR 35,273
(31.12.2004: TEUR 33,145), the balance sheet total was TEUR 41,521
(31.12.2004: TEUR 73,455). The equity ratio increased correspondingly
to 85.0% (31.12.2004: 45.1%).

The workforce of the Group as a whole grew slightly to 197 employees
(PY: 195) as at 31 March 2005.

In addition, order book development at the Group was also pleasing.
Compared with the previous year, the order book rose to TEUR 6,670
(PY: TEUR 4,668).

The Management Board anticipates a slight increase in sales over the
coming quarters which should lead to a sustained improvement of the
operating result and to a net profit for the year as a whole.

end of announcement                    euro adhoc 19.05.2005 07:11:27 

Contact:

USU Software AG
Investor Relations
Falk Sorge
Tel.: 0 71 41 / 48 67 351
Fax: 0 71 41 / 48 67 108
Email: f.sorge@usu-software.de

Branche: Software
ISIN: DE000A0BVU28
WKN: A0BVU2
Index: Prime Standard, CDAX, Prime All Share
Börsen: Baden-Württembergische Wertpapierbörse / regulated dealing
Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade