Wolters Kluwer Law & Business to Acquire Accountants Division of MYOB UK and MYOB Ireland

LONDON, Mar 31 (MARKET WIRE) --
Wolters Kluwer Law & Business today announced that it has signed an agreement
to acquire from MYOB Limited the Accountants Division of MYOB UK and MYOB
Ireland, a software and services provider to accountancy practices. The
serviceswill become part of Wolters Kluwer UK, one of the most respected
providers of
specialist products and services for the accounting, tax, and finance
professions.

The combination of Wolters Kluwer UK, through its CCH Software division, and
MYOB
will create a significant new force in an accounting market that is
increasingly demanding integrated software to increase efficiency and reduce
costs.

A particular priority for practices is to ease the integration between
products and
practice management systems. By bringing together the strengths and expertise of
CCH and MYOB, accountancy firms will be able to source from Britain and
Ireland's most
experienced providers of software and services, covering tax, audit and
accounts production, insolvency, practice management and document management.

MYOB offers a complete range of accountancy software systems, which have
historically been targeted at the top 500 accountancy practices. In 2007, these
systems were integrated and targeted at the entire accountancy practice
marketplace. CCH Software serves practices of all sizes and is in use within
practices ranging from sole practitioners to most of the top 100.

Cathy Wolfe, CEO of Wolters Kluwer UK, said: "The acquisition brings to
Wolters
Kluwer UK over 130 experienced MYOB staff, many with more than 10 years of
experience servicing the accountancy profession. By acquiring the excellent
range of MYOB products and its talented staff, Wolters Kluwer UK will be able to
accelerate its growth in the provision of professional practice software.
With innovative 'best of breed' products and new capabilities in training
and consulting, Wolters Kluwer UK is even better positioned to meet the
ever-changing needs of all
our customers."

Bob Becker, President and CEO of Wolters Kluwer Law & Business, said:
"Wolters
Kluwer in the UK serves several growing markets, including tax and accounting,
and
our CCH division here is seeing good growth. By extending our reach in
accounting
software and services with the MYOB UK and Ireland acquisition, we will
accelerate our growth plans in Wolters Kluwer Law & Business and the continued
development of our leading positions in workflow tool development."

MYOB Limited will make the sale of its UK and Ireland Accountants Division
to Wolters
Kluwer for GBP 35.5 million. The UK and Ireland Accountants Division has GBP
12.5
million 2007 annual revenues and has approximately 130 full-time equivalent
employees.

About Wolters Kluwer Law & Business

Wolters Kluwer Law & Business is a provider of research products and
software
solutions in key specialty areas for legal and business professionals. Wolters
Kluwer UK, incorporating the core brands Croner and CCH, is part of the Wolters
Kluwer Law & Business group. It is the UK's most respected provider of
information and consultancy services, providing a range of information tools
that
help make businesses more effective and profitable. CCH is a provider of
specialist products and services for the accounting, tax and finance
professions.
Currently 17 out of the top 20 accounting practices in the UK rely on CCH
for information, software, fee protection insurance, professional development,
magazines and telephone advice. For more information visit www.cch.co.uk.

About Wolters Kluwer

Wolters Kluwer is a leading global information services and publishing
company. The company provides products and services globally for professionals
in
the health, tax, accounting, corporate, financial services, legal, and
regulatory
sectors. Wolters Kluwer has annual revenues (2007) of EUR 3.4 billion,
maintains operations in over 33 countries across Europe, North America, and
Asia Pacific and employs approximately 19,500 people worldwide. Wolters
Kluwer is headquartered in Amsterdam, the Netherlands. For more information,
visit
www.wolterskluwer.com.

About MYOB

MYOB is an international provider of solutions that liberate business owners
and
accountants from the burden of day to day administration, empowering them to
achieve
business success. The company develops and delivers award-winning software,
services and support for more than 700,000 businesses and accounting practices.

MYOB Limited is a public company listed on the Australian Stock Exchange
(ASX
symbol 'MYO').

Forward-looking Statements

This press release contains forward-looking statements. These statements may
be
identified by words such as "expect," "should," "could," "shall," and similar
expressions. Wolters Kluwer cautions that such forward-looking statements are
qualified by certain risks and uncertainties that could cause actual results
and events to differ materially from what is contemplated by the
forward-lookingstatements. Factors which could cause actual results to differ
from these
forward-looking statements may include, without limitation, general economic
conditions; conditions in the markets in which Wolters Kluwer is engaged;
behavior of customers, suppliers, and competitors; technological
developments; the implementation and execution of new ICT systems or
outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer's
businesses, as well as risks related to mergers, acquisitions, and
divestments. In addition, financial risks such as currency movements, interest
rate
fluctuations, liquidity, and credit risks could influence future results. The
foregoing list of factors should not be construed as exhaustive. Wolters
Kluwer disclaims any intention or obligation to publicly update or revise
any forward-looking statements, whether as a result of new information,
future events, or otherwise.

Copyright Copyright Hugin AS 2008. All rights reserved.

Contact: Leslie Bonacum
Director of Communications
Wolters Kluwer
Tax, Accounting & Legal
+ 1 847 267 7153
Email Contact

Kevin Entricken
Vice President,
Investor Relations
Wolters Kluwer nv
+ 31 20 6070 407
Email Contact

Copyright 2008, Market Wire, All rights reserved.

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