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Graphisoft Lists Shares on Frankfurt Neuer Markt

2M share offering is 35 times oversubscribed

Budapest, Hungary - June 8, 1998

Graphisoft®, a leading provider of CAD software solutions for the architectural profession and building industry, began trading its shares Monday, June 8, on the Frankfurt Stock Exchange, Geregelter Markt with quotation on the Neuer Markt under the symbol GPH. The total initial public offering, including the underwriters' over-allotment, was 2.3 million shares representing about 22% of the company's 10,581,500 outstanding shares.

"We are facing increasing challenges and increasing opportunities in the world marketplace," reports CEO and company president, Gabor Bojar. "New capital resources and other benefits of being a publically listed company will contribute significantly to achieving our ambitious goals."

The offering was made by Graphisoft NV, the Netherlands-based holding company for the Graphisoft Group. Interest in the company was very strong during the week long "book-building" process which preceded the offering. Institutions and private investors across Europe committed to purchase more than 70 million shares, or more than 35 times the number of shares offered. Share trading opened Monday at DM65 (about $36.25).

"Investors were excited by Graphisoft's determination to expand its presence throughout the entire building market with its virtual building concept and powerful object technology, sales and marketing savvy as well as its financial strength." adds Gabor Bojar.

Founded in 1982 in Budapest, Hungary, Graphisoft is today ranked by Dataquest as the world's third largest AEC CAD software developer for personal computers. Graphisoft's revenues have grown, and it has been profitable, every year of its 16-year history. Between 1993 and 1997, revenues grew from DM14.7M (US$8.2M) to DM38.4M (US$21.5M), while operating income grew from DM1.7M (US$0.9M) to DM10.4M (US$5.8M), representing compound annual growth rates of 27% and 57% resepctively. Graphisoft maintains its headquarters and R&D in Budapest and operates six subsidiary sales and marketing offices in Munich, San Francisco, Tokyo, Hong Kong, London, and Madrid. The Graphisoft group of companies is owned by Graphisoft NV, incorporated in the Netherlands.

Graphisoft's flagship product, ARCHICAD®, is known around the world as a leading CAD software solution for the architectural profession and building industry. Honored by the Software Publishers Association (SPA) with its 1997 Codie Award for Best Groupware product, ARCHICAD is used by more than 45,000 design professionals worldwide. Graphisoft sells and supports ARCHICAD through its six subsidiary offices in sold in more than 80 countries and 22 languages.

The Neuer Markt is a new trading market established in Germany in March 1997 as a segment of the Deutsche Börse for the listing of high growth and technology companies. Shares on the Neuer Markt are traded exclusively on the floor of the Frankfurt Stock Exchange, the fourth largest exchange after New York, Tokyo and London.

The offering was underwritten by Deutsche Bank, Hambrecht &Quist Euromarkets and Daiwa Europe Limited. Copies of the Offering Prospectus are available by contacting one of the underwriters or Graphisoft.