Press release

Amsterdam, December 4, 2007

TIE discontinues cooperation with FashionUnited eBusiness BV

Master Data Management Solution Software Company TIE Holding N.V. ("TIE") listed on the EuroNext Amsterdam Stock Exchange hereby announces it has terminated unprofitable services to FashionUnited eBusiness BV on November 30, 2007 and will focus on a direct approach to the fashion market.

“After 5 years of investing into this market our activities through RetailConnect BV and FashionUnited eBusiness BV were still nowhere near profitable. On that basis we have decided to discontinue servicing this market indirectly. The Master Data Management Solution branded TIE Kinetix launched in 2007 is a more comprehensive proposition than the solution that was provided through RetailConnect BV and FashionUnited eBusiness BV and is bound to generate interest from the larger parties in this market”, says Jan Sundelin Acting CEO of TIE.

On May 16, 2007 TIE discontinued the licensing agreement with RetailConnect BV (33% shareholding) revoking all rights of use of TIE software by RetailConnect BV and entered into negotiations with FashionUnited eBusiness BV, RetailConnect BV's sole customer, regarding revised rates and service levels. TIE granted temporary rights of use of the RetailConnect Information Warehouse to FashionUnited eBusiness BV pending such an agreement. Parties did not reach an agreement satisfactory to both parties which ultimately resulted in breaking off negotiations and discontinuing operations as per November 30, 2007 at which date all right of use of TIE software by FashionUnited eBusiness BV and their customers has been revoked.

Available as both a software license and as a service (SaaS), TIE Kinetix enables companies to optimize internal business processes and enhances their ability to connect with external trading partners and customers. TIE Kinetix customers can use the latest technologies for Web Services and workflow to build a powerful electronic framework for business collaboration. This improves the ability to create and fulfill demand timely, accurately and in an efficient en cost effective manner. TIE Kinetix is comprised of software applications for Master Data Management, Trading Partner Collaboration, and Channel Communications, Business-to-Business Integration, including industry-leading XML/EDI, database translation engines, Direct Mailing, Narrowcasting, Vendor Managed Inventory and state of the art data/transaction analytics.

About TIE

TIE bridges the gap between online and traditional business, and helps industry and supply chain partners achieve electronic business collaboration without limitations. Our solutions are proven to lower costs, increase sales, optimize business processes, and improve efficiency while removing the barriers to eBusiness information exchange. Because we have decades of experience to share, TIE remains a key contributor to the development and implementation of global eCommerce standards. Today we are the partner that industry leaders turn to for business-to-business success. TIE is a publicly held company with offices in the United States, France, and the Netherlands.

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