Proposed Acquisition of Seagull Software by Rocket Software Remains on Track for First Quarter 2007

Amsterdam, The Netherlands; Atlanta, Georgia, USA; and Newton, Massachusetts, USA -
11 January 2007

On 5 December 2006, Rocket Software and Seagull Software announced that, subject to certain requirements being met, Rocket Software intends to make a public offer to acquire 100% of the shares and outstanding stock options of Seagull Holding n.v. in an all-cash transaction valued at € 4.68 per share. Pursuant to Section 9.b Paragraph 2.a of the Dutch Decree on the Supervision on Securities Transactions ( Besluit toezicht effectenverkeer 1995 ), this press release provides an update on the status of this transaction.

The parties believe that their negotiations and other activities have now reached the level that the expectation is justified that the parties will reach agreement on the proposed public offer. Seagull Software has obtained reasonable comfort that a majority of the shareholders intend to tender their shares if the offer is made by Rocket Software. Rocket Software reasonably believes that it will be in a position to obtain adequate financing for the intended offer. The negotiations, due diligence, obtaining final Supervisory Board approval, other requirements and activities are continuing to progress. Assuming that the parties reach such agreement and that the other requirements for the acquisition are fulfilled, Rocket Software plans for the offer for Seagull Holding n.v. to take place during the first quarter of 2007.

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Forward Looking Statements

Investors are cautioned that this announcement includes forward looking statements that are subject to risks and uncertainties that include but are not limited to successful completion of all activities required to effect the transaction, and the timing of the transaction.

About Rocket Software

Rocket Software is a global development firm that builds Enterprise Infrastructure products for the world’s leading OEMs, networks and software companies. The company’s current lines of business complement and extend strategic OEM offerings in the areas of enterprise and mobile security, relational databases, mobile and wireless computing, and operational support systems (OSS). Rocket’s current OEM relationships and technology partners include IBM, Microsoft, NEC, Toshiba and RSA, The Security Division of EMC. Rocket Software is based in Newton, Mass. For more information, visit www.rocketsoftware.com.

About Seagull Software

Seagull Software specializes in technology that transforms "legacy" applications into SOA-compliant Web services, helping enterprises achieve exponentially faster IT support for business change, governance and compliance. Our LegaSuite^® software platform includes integration, GUI, workflow and terminal emulation technology. With LegaSuite, customers connect legacy applications on IBM mainframe, VME mainframe, System i, OpenVMS and UNIX-VT and Windows client/server platforms to the Web, to other middleware and to newer-generations of applications such as portals, CRM and SCM. LegaSuite is based on open standards including Web services, XML, J2EE and .NET. Powerful and innovative tools require no coding, which means rapid results, reduced risk and no maintenance burden. Committed to providing the best customer experience in the industry, Seagull Software’s technology is in use in more than 10,000 business and government organizations worldwide, and by millions of end users. Seagull Software has direct operations in the United States, Canada, the Netherlands, UK, France, and Germany, supplemented by distributors serving approximately 30 additional countries. The company was acquired by Rocket Software (www.rs.com) in 2007. For more information, visit www.seagullsoftware.com.