FOR IMMEDIATE RELEASENASDAQ: NSIT
Insight Enterprises, Inc. Announces
Sale of Remaining Investment in PlusNet
TEMPE, Ariz. – December 14, 2004 –Insight Enterprises, Inc. (Nasdaq: NSIT) (the “Company”) today announced the placing of 12,638,889 shares of common stock of PlusNet plc (“PlusNet”), on AIM, a market of the London Stock Exchange (Symbol PNT), representing all of the remaining shares of PlusNet common stock owned by Insight Enterprises. The placing price was £1.25 (approximately $2.39) per share resulting in gross proceeds to Insight Enterprises of £15.8 million (approximately $30.2 million). Robert W. Baird, the Financial Advisor, Underwriter and Broker to PlusNet during the initial public offering in July 2004, placed the shares.
Amounts designated in United States dollars are estimated based the British pound sterling to United States dollar exchange rate on December 13, 2004 of 1.91.
About Insight Enterprises, Inc.
Insight Enterprises, Inc. is a leading provider of information technology (“IT”) products and services to businesses in the United States, Canada and the United Kingdom. The company has over 4,000 employees worldwide and generated sales of $2.9 billion for its most recent fiscal year, which ended December 31, 2003. Insight Enterprises, Inc. is ranked number 537 onFortune Magazine’s2004 ‘Fortune 1000’ list. For more information about Insight Enterprises, Inc., call (480) 902-1001 in the United States or visitwww.insight.com.
Contacts: | Stanley Laybourne | Karen McGinnis | ||||||
| Executive Vice President, | Senior Vice President- | |||||||
| Chief Financial Officer, | Finance | |||||||
| Secretary and Treasurer | Tel. 480-333-3074 | |||||||
| Tel. 480-350-1142 | Emailkmcginni@insight.com | |||||||
| Email slaybour@insight.com | ||||||||
| Shaun Dobson | ||||||||
| Managing Director – | ||||||||
| Head of United Kingdom Investment Banking | ||||||||
| Robert W. Baird | ||||||||
| Tel. (011) (44) 20 7667 8416 | ||||||||