<PAGE> 1
FOR IMMEDIATE RELEASE
INVESTOR CONTACTS: Nate Wallace Raj Rajaji
DIRECTOR, INVESTOR RELATIONS CHIEF FINANCIAL OFFICER
Manugistics Group, Inc. Manugistics Group, Inc.
301-984-5059 301-984-5087
PRESS CONTACTS: Didi Blackwood
VICE PRESIDENT, CORPORATE COMMUNICATIONS
Manugistics Group, Inc.
301-255-5330
MANUGISTICS ANNOUNCES SALE OF ADDITIONAL $50
MILLION OF CONVERTIBLE SUBORDINATED NOTES
SOLD IN RECENT PRIVATE PLACEMENT
ROCKVILLE, MD. - OCTOBER 31, 2000 - Manugistics Group, Inc. (Nasdaq: MANU)
announced today that it has sold an additional $50 million principal amount of
5% Convertible Subordinated Notes due 2007 in its recent private placement,
bringing the total amount sold to $250 million. The sale of the additional notes
is expected to close on November 2, 2000 and will complete the private
placement. The sale results from the exercise of the overallotment option that
the company had granted to the initial purchasers. The notes will be convertible
into Manugistics common stock at an initial conversion price of $88.125 per
share.
The company will receive total net proceeds of approximately $242 million from
the completed offering. As previously announced, the company expects to use the
net proceeds for working capital and general corporate purposes, including
capital expenditures and research and development. The company may also use
portions of the net proceeds to acquire businesses, products, and technologies
that complement or expand its business.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy any security. The Notes have not been registered under the
Securities Act of 1933 or applicable state securities laws and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration requirements.
ABOUT MANUGISTICS GROUP, INC.
Headquartered in Rockville, Md., Manugistics Group, Inc. is a leading global
provider of supply chain optimization and eBusiness solutions. With more than
900 clients, Manugistics helps power intelligent decisions for profitable growth
in leading companies such as 3Com, Amazon.com, Coca-Cola Bottling, Cisco,
Commerx, Compaq, Mobil,
<PAGE> 2
FreightWise, General Electric, Harley-Davidson, Hormel, Nestle, Texas
Instruments, Timberland and Unilever.
For additional information regarding this announcement, contact the Manugistics
Investor Relations Department at 301-984-5409.
###
This announcement contains forward-looking statements that involve risks and
uncertainties that include, among others, anticipated losses, unpredictability
of future revenues, potential fluctuations in quarterly operating results,
competition, risks related to quarterly performance, risks of system
interruption, anticipated client benefits, delivery of software functionality,
management of potential growth, and risks of new business areas, international
expansion, business combinations and strategic alliances. More information about
factors that potentially could affect Manugistics' financial results is included
in Manugistics' filings with the Securities and Exchange Commission, including
its Annual Report on Form 10-K for the year ended February 29, 2000 and our
Quarterly Report on Form 10-Q for the quarter ended August 31, 2000.
Manugistics is a registered trademark, and the Manugistics logo, the phrase
"Leveraged Intelligence," and NetWORKS are trademarks, of Manugistics, Inc. All
other product or company names mentioned are used for identification purposes
only, and may be trademarks of their respective owners. Additional information
about Manugistics can be found at the company's site on the World Wide Web, at
http://www.manugistics.com.
