1. © 2004 Progress Software Corporation1 Simplify your business

2. PUG Norway Christian Büll Managing Director Progress Software Scandinavia

3. © 2004 Progress Software Corporation3 Simplify your business We empower you, and … We simplify your job of creating the world’s best business applications. Develop, Deploy, Integrate, and Manage

4. © 2004 Progress Software Corporation4 Simplify your business Progress Software Corporation Mission Development, Deployment, Integration and Management for Business Applications “To deliver superior software products and services that empower our partners and customers to dramatically improve their development, deployment, integration and management of quality applications worldwide”

5. © 2004 Progress Software Corporation5 Simplify your business Progress Software Corporation Market Presence … in over 120 countries …including over 70% of the Fortune 100 … to 60,000 end-user companies … deployed at over 100,000 sites … with over 2000 Application Partners … offering over 5000 applications … and over 3 million users Application Development, Deployment, Integration & Management Products …

6. © 2004 Progress Software Corporation6 Simplify your business Progress Software Corporation Operating Companies Application Development, Deployment, And Management Business and Application Integration Standards Based Data Connectivity the Progress Company

7. © 2004 Progress Software Corporation7 Simplify your business Progress Software Corporation Operating Companies Application Development, Deployment, And Management Business and Application Integration Standards Based Data Connectivity the Progress Company

8. © 2004 Progress Software Corporation8 Simplify your business DataDirect Leader In Data Connectivity n Leader in connecting software to data n #1 provider of drivers for data connectivity n Industry thought leader on standards n Revenue $30MM/yr +/- n Revenue 82% US, 13% Europe, 5% ROW n Development in USA and Belgium

9. © 2004 Progress Software Corporation9 Simplify your business DataDirect Broad Customer Base Selected ISV Customers Selected Direct Channel Customers

10. © 2004 Progress Software Corporation10 Simplify your business DataDirect Synergies with PSC n Superior standards-based products n Solid profitability n Complementary strategies n Synergistic growth opportunities

11. © 2004 Progress Software Corporation11 Simplify your business the Progress Company Progress Software Corporation Operating Companies Application Development, Deployment, And Management Business and Application Integration Standards Based Data Connectivity

12. © 2004 Progress Software Corporation12 Simplify your business Sonic Enterprise Service Bus: A Better Way to Integrate Integration Brokers: n Designed to connect a handful of resources n Largely proprietary n Require lengthy consulting engagements n Continue to add complex functionality at high cost Enterprise Service Bus: n Distributed and designed to connect the enterprise n Fully standards-based n Leverages in-house IT staff n Cost-effective foundation that can be layered upon

13. © 2004 Progress Software Corporation13 Simplify your business Sonic Software: Fastest Growing Integration Company 1998199920002001200220032004 Sonic ESB, World’s 1st ESB Awards and Recognition: #1 JMS product Pioneer in Integration middleware Standards contributions Acquired eXcelon XML product leader Sonic Business Integration Suite SonicMQ Founded

14. © 2004 Progress Software Corporation14 Simplify your business FY04FY03FY00FY01FY02 Sonic Software: Fastest Growing Integration Company Total Sonic Product Line Revenue (Millions) Projected* *Per Analysts’ Estimates

15. © 2004 Progress Software Corporation15 Simplify your business Progress Software Corporation Operating Companies Application Development, Deployment, And Management Business and Application Integration Standards Based Data Connectivity the Progress Company

16. © 2004 Progress Software Corporation16 Simplify your business the Progress Company Leadership – Products + Partners APs provide “precise fit” apps with high ROI #1 in embedded database market. IDC Low total-cost-of-ownership. Progress OpenEdge 5-year visible cost of ownership is 50% < Microsoft Platform and 90% < Oracle Platform. Aberdeen Group Why We Win …

17. © 2004 Progress Software Corporation17 Simplify your business the Progress Company Revenue by Distribution: FY’03 Unique Relationship with ISVs and ASPs End-User 35% Application Partner 65%

18. © 2004 Progress Software Corporation18 Simplify your business the Progress Company Presence Across Major Industries Industrial Equipment Pharmaceutical Commercial Banks Chemical Aerospace & Defense Automotive & Parts Food 10 of the top 10 companies 8 of the top 10 companies 7 of the top 10 companies 8 of the top 10 companies

19. © 2004 Progress Software Corporation19 Simplify your business Progress Software Corporation PSC-Wide Accomplishments Application Development, Deployment, And Management Business and Application Integration Standards Based Data Connectivity the Progress Company

20. © 2004 Progress Software Corporation20 Simplify your business Hot Shots 200 Up & Comers F O R B E S October 27, 2003 Progress Software Recognition in the Market

21. © 2004 Progress Software Corporation21 Simplify your business PSE Pro v6.1 v6.1sp1 2003 Releases Progress Dynamics v2.0 Integration Workbench v5.0 v1.3 Orchestration Server v5.0 PDRE v7.0 Bridges v5.0 XML Server v5.0 v6.1 Stylus Studio v4.6 Real Time Event Engine v3 Replication v2.0a Distributed Enterprise v2.0 Stylus Studio v5.0 Web Services Toolkit PSDNv2003 10 Management v2.1a Trading Accelerator BPM v2.0 v5.0 Studio v2.1 Management v2.1a Replication Plus v2.0a XIS v3.1 PSE Pro v5.1 DEMS v2.0

22. © 2004 Progress Software Corporation22 Simplify your business Progress Software Corporation Financial Results Application Development, Deployment, And Management Business and Application Integration Standards Based Data Connectivity the Progress Company

23. © 2004 Progress Software Corporation23 Simplify your business FY02FY03 $400 $0 $Millions Progress Software Corporation Financial Results - Annual $0 1.00 Growth: 4% 13% FY02FY03 17% 33% Total Revenue Earnings Per Share Growth: $ $273 $309 $.54 $.72 FY04 $361* 17% FY04 $.85* 18% *Per Analysts’ Estimates – EPS before deducting $.15 to $.18 one time acquisition related charge and amortization of intangibles

24. © 2004 Progress Software Corporation24 Simplify your business Impact of FINANCIAL Success “Upbeat Analyst Meeting: It’s Good to Generate Cash” Progress remains our favorite small cap stock. The firm continues to grow in today's difficult IT environment. Needham & Company (Richard Davis) PRGS McDonald Investments Inc. (B. Williams) PRGS We are maintaining unchanged our BUY… PRGS is attractive …the Company continues to drive business through the strong indirect distribution channel for its core product, …over 90% of revenue, while its new, faster-growing businesses are nearing the size needed for material upside contribution. Widespread Financial Press Coverage

25. © 2004 Progress Software Corporation25 Simplify your business Progress Software Corporation 2004 Corporate Goals Continue strong support of our new companies Maximize the potential of the Progress Company Create new business opportunities 1. 3. 2.

26. © 2004 Progress Software Corporation26 Simplify your business Progress Software Corporation the Progress Company 2000 Application Partners with 5000 applications Leader in Embedded Database Pioneer in Database and Application Replication Leader in Data Connectivity Leader with Enterprise Service Bus in Standards-Based Integration

27. © 2004 Progress Software Corporation27 Simplify your business “Progress Software is a rarity in the software world - a firm with a solid franchise, strong cash flow and consistent growth… significantly better than just about every applications software vendor.” Needham & Company 17 June, 2003 Word on the street …

28. © 2004 Progress Software Corporation28 Simplify your business “A key element of Progress’s success has been its understanding and skillful execution of the embedded software model, which includes a licensing policy that delivers recurring revenue to Progress without disturbing the pricing profile of client ISV companies, excellent technical support for client ISV companies, and a relationship with those companies based on constant consultation.” Forrester 17 November, 2003 Word on the street …

29. © 2004 Progress Software Corporation29 Simplify your business #84 in Five Year Return on Equity

30. © 2004 Progress Software Corporation30 Simplify your business - Robin Bloor, IT-Director, January, 2004 Word on the street Progress has first rate development software in every area from database through to deployment and its Open Edge product suite has an awesome level of capability. In 2004, Progress will undoubtedly continue to dominate the ISV market with its tools, as it has for years and will probably grow market share as it has also slowly been doing for years. It will probably also receive less attention than it deserves, as it has done for years.

31. © 2004 Progress Software Corporation31 Simplify your business “The lowest "visible" cost of ownership (VCO) … belongs to Progress…Over a five-year period, Aberdeen estimates that the Progress VCO is, on average, at least 40% less expensive than Microsoft SQL Server and 90% lower than Oracle.” Aberdeen Group April, 2003 Progress Low Cost Of Ownership

32. © 2004 Progress Software Corporation32 Simplify your business Progress Software in the market Positioning and competitive edge We know the market and have over 20 years of experience

33. © 2004 Progress Software Corporation33 Simplify your business The Applications Marketplace $64B - 2005 The Competitive landscape SAP Oracle IBM Microsoft Progress Partners Too Expensive Inflexible Just a visit? Indifferent Impersonal Sector Expertise Speed Accessible Personal No Competition Best Value

34. © 2004 Progress Software Corporation34 Simplify your business Progress Best value: n Lowest TCO n Highest Trade-in value n Backward and upwards compatibility track record n Offering freedom of Choice n Standard based No competition with partners

35. © 2004 Progress Software Corporation35 Simplify your business Progress Software Corporation 2,000 Independent Software Vendors Worldwide Our focus is the growth and profitability of our Application Partners.

36. © 2004 Progress Software Corporation36 Simplify your business Watch out for this! n March 04PUG Meeting Norway n April 04OpenEdge 10 special n May 04Business Empowerment n May 04Sonic Integration Workshop n June 04OERA Seminar n June 04Progress Exchange Las Vegas n Sept 04Developers World Madrid n OngoingTechnical Empowerment Special Workshops Trainings

37. © 2004 Progress Software Corporation37 Simplify your business