Press release

Amsterdam, February 13, 2008

TIE: First Quarter 2008

Master Data Management Software Company TIE Holding N.V. (“TIE”) listed on the EuroNext Amsterdam Stock Exchange hereby publishes it's First Quarter 2008 Unaudited Condensed Consolidated Interim Financial Statements.

TIE reports First Quarter 2008 Revenues of EUR 2,2m and Net Income of EUR -0,4m (Q1 2007; Revenues EUR 2,3m and Net Income EUR -0.2m). Revenues are also level with Fourth Quarter 2007 Revenues (EUR 2,4m).

Revenues decreased in The Netherlands by -18% ( EUR 878k) compared to the first quarter of 2007. However they increased in North America in EUR by 12%, to EUR 1,042k. The Rest of World remained level at EUR 350k. License revenue was down by 28% compared to the first quarter of 2007, SaaS revenues were up by 5%, predominantly through a 97% growth in North America. Other income for the first quarter amounting to EUR 83k originates largely from participation in European Commission supported projects.

Operating expenses have increased by 2% (EUR 63k) over the first quarter compared to previous year. Lower depreciation, amortization and impairment charges (EUR -104k) offset by higher revenue related expenses, SaaS is a margin business, and higher Other Operating Expenses including bad debt impairment charges and higher professional services fees, mostly legal fees.

Net income amounts to a loss of EUR -405k for the quarter, prior year comparative amounted to EUR -236k.
Shareholder's Equity amounted to EUR 1,1m, with Equity totaling EUR 2,0m (At the end of the first quarter of 2007: EUR 4,5m).
The net cash position of the Company as per December 31, 2007 amounted to EUR 208k. The credit facility was drawn to an amount of EUR 117k on December 31, 2007 (December 31, 2006: EUR 452k). Management secured adequate funds for operational cash flows by entering into a one year funding agreement with the Alto Imaging Group NV amounting to EUR 500k at 6% interest. This debt agreement was signed on November 28, 2007.

Jan Sundelin, Acting CEO said: “The growth pace of operating expenses is exceeding the growth pace of revenues. Although we are quite successful at selling comprehensive SaaS solutions to customers the delay of cash inflow and revenue compared to license sales is continuing to put a large strain on the Company. We need to cut excess cost and at the same time achieve critical mass with respect to our SaaS business. The introduction of our new TIE Kinetix™ components, the new Digital Content Manager (DCM) and the roll out of our new messaging portal and eInvoicing solution is expected to boost further sales in this area. With Dick Raman, founder and former CEO, stepping down as CEO of TIE Holding N.V. in November 2007 being a difficult and emotional time, we are looking to pick up the pace, re-empower staff and find new focus. The year 2008 will be an important one for the Company”.

Further details with respect to these First Quarter Results can be found in the separate Condensed Consolidated Interim Financial Statements for the three month period ended on December 31, 2007, which are attached hereto. These Condensed Consolidated Interim Financial Statements are unaudited.

Mr. Dick Benschop, member of the Supervisory Board of TIE Holding N.V. since June 2005, has announced his resignation from the Supervisory Board as per February 14, 2008. A suitable replacement will be sought.

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 eBusiness 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.

Further information:

End of press release

First Quarter 2008 Results (pdf)