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SkillSoft Corporation
20 Industrial Park Drive, Nashua, NH 03062 * (603) 324-3000
Business Description The company is a leading provider of Web-based training resources for Global 2000 companies that cover a variety of professional effectiveness and business topics (commonly called "soft skills").
Offering
Information

Company has
gone public

Trading As  SKIL (NASNTL) Industry  High-Tech (SIC 7372)
Type of Stock Offered  Common Shares Filing Date  9/10/99
Domestic Shares Offered  3,100,000 Offer Date  1/31/00
Foreign Shares Offered  0 Filing Range  $12.00 - $14.00
Company Shares  3,100,000 Offer Price  $14.00
Selling Shrhldrs Shares  0 Gross Spread  $0.980
Gross Proceeds  $43,400,000 Selling  $0.590
Expenses  - - Reallowance  $0.100
Post-IPO Shares  - - Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
CS First Boston Lead Manager (212) 325-2000
Banc of America Securities LLC Co-manager (415) 627-2100
Thomas Weisel Partners LLC Co-manager (415) 364-2500
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data       1/31/98 1/31/99 7/31/98 7/31/99
Revenues   - - - 0.000 0.000 0.000 1.088
Income from Oper.   - - - - - - -
Net Income   - - - -0.824 -8.273 -2.728 -7.642
E.P.S   - - - -0.880 -2.700 -1.130 -1.910
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     7.65 -2.46 -8.41
Cash Flow - Inv.     0.47 0.17 2.77
Cash Flow - Fin.     5.15 0.16 5.04
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 7/31/99 Financial Ratios
Total Assets    2.56 Current Assets    2.11 Current Ratio    1.10
Total Liab.    1.93 Current Liab.    1.93 Debt Ratio    75.36%
Total Equity    0.63 Working Cap.    0.18 Debt to Equity Ratio    3.06
Cash    0.03    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes including working capital.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Hale and Dorr
Bank's Law Firm  Katten Muchin & Zavis
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Arthur Andersen
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Last updated: 5/29/00 12:57:13 AM
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