SkillSoft Executives Enter Into Rule 10b5-1 Trading Plans

NASHUA, N.H., April 17 /PRNewswire-FirstCall/ -- SkillSoft PLC
(Nasdaq: SKIL), a leading SaaS provider of on-demand e-learning and
performance support solutions for global enterprises, government, education
and small- to medium-sized businesses, today announced that five of its
executive officers have entered into Rule 10b5-1 trading plans. The plans are
being established in a manner that complies with the requirements of Rule
10b5-1(c)(1) under the Securities Exchange Act of 1934, as amended, and
provide these individuals with an opportunity to diversify their investment
portfolios.
While a few of these executives have sold shares this past week, these
five executive officers had not sold securities of the Company since July
2004. In most cases, the shares sold this past week and the shares that are
the subject of the 10b5-1 plans relate to founders shares issued in 1998 and
share options that were granted between 1998 and 2002.
The trading plans for Charles Moran, the Company's CEO and President, and
certain family trusts cover approximately 40% of the shares and share options
held by Mr. Moran and the family trusts, and trades may be executed under the
plans over 15 months if certain price thresholds and other conditions set
forth in the plan are met. Included in the option shares not being sold by
Mr. Moran under his plan are options to purchase 2,000,000 shares that vest
through 2010.
About SkillSoft
SkillSoft PLC (Nasdaq: SKIL) is a leading SaaS provider of on-demand
e-learning and performance support solutions for global enterprises,
government, education and small to medium-sized businesses. SkillSoft enables
business organizations to maximize business performance through a combination
of comprehensive e-learning content, online information resources, flexible
learning technologies and support services.
Content offerings include business, IT, desktop, compliance and
consumer/SMB courseware collections, as well as complementary content assets
such as Leadership Development Channel video products, KnowledgeCenter(TM)
portals, virtual instructor-led training services and online mentoring
services. SkillSoft's Books24x7(R) product offering includes access to more
than 18,000 digitized IT and business books, as well as book summaries and
executive reports. Technology offerings include the SkillPort(R) learning
management system, Search-and-Learn(R), SkillSoft(R) Dialogue(TM) and virtual
classroom.
SkillSoft courseware content described herein is for information purposes
only and is subject to change without notice. SkillSoft has no obligation or
commitment to develop or deliver any future release, upgrade, feature,
enhancement or function described in this press release except as specifically
set forth in a written agreement.
SkillSoft, the SkillSoft logo, SkillPort, Search-and-Learn, SkillChoice,
Books24x7, ITPro, BusinessPro, OfficeEssentials, GovEssentials,
EngineeringPro, FinancePro, AnalystPerspectives, ExecSummaries,
ExecBlueprints, Express Guide and Dialogue are trademarks or registered
trademarks of SkillSoft PLC in the United States and certain other countries.
All other trademarks are the property of their respective owners, countries.
SOURCE SkillSoft PLC

Tom McDonald, Chief Financial Officer, SkillSoft PLC, +1-603-324-3000, x4232,
or Investors, Michael Polyviou or Peter Schmidt, both of Financial Dynamics,
+1-212-850-5748, for SkillSoft PLC