LEADING THE

EVOLUTIONInvestor & Analyst Strategy Day28/09/2009

2

AGENDA

9.30am Welcome and agenda Tim Brill, IR Director

9.35am Introduction Kevin Loosemore, Chairman

Market opportunity

9.45am Market overview Stuart McGill, CTO

Business Models, M&A

10.30am Revenue and growth metrics, Borland & Compuware Nick Bray, CFOintegration progress, M&A strategy post integrations Andy Greaves, Head of

Go To Market Integration

11.15am Coffee

Go-To-Market Structures and Process

11.30am Field operations - resources, channels, geographies, Jorge Dinares, customer examples President, International Sales

11.50am Partner case study Eric Pinseel, EMEA SolutionSales Director, Microsoft

12.10pm Management Panel Q&As

12.30pm Summary and close Kevin Loosemore, Chairman

3

The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated

(“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. Information in the

following presentation relating to the price at which relevant investments have been bought or sold in the past or the yield on such investments

cannot be relied upon as a guide to the future performance of such investments.

This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite,

subscribe for or otherwise acquire securities in Micro Focus International plc (the “Company”) or any company within the Micro Focus Group.

The release, publication or distribution or this presentation in certain jurisdictions may be restricted by law, and therefore persons in such

jurisdictions into which this presentation is released, published or distributed should inform themselves about, and observe, such restrictions.

Certain statements contained in this presentation constitute forward-looking statements. All statements other than statements of historical facts

included in this presentation, including, without limitation, those regarding the Company‟s financial condition, business strategy, plans and

objectives, are forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including

the terms “believes”, “estimates”, “anticipates”, “expects”, “intends”, “may”, “will”, or “should” or, in each case, their negative or other variations or

comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the

actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or

achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions

regarding the Company‟s present and future business strategies and the environment in which the Company will operate in the future. Such risks,

uncertainties and other factors include, among others: the level of expenditure committed to development and deployment applications by

organisations; the level of deployment-related turnover expected by the Company; the degree to which organisations adopt web-enabled services;

the rate at which large organisations migrate applications from the mainframe environment; the continued use and necessity of the mainframe for

business critical applications; the degree of competition faced by the Company; growth in the information technology services market; general

economic and business conditions, particularly in the United States; changes in technology and competition; and the Company‟s ability to attract

and retain qualified personnel. These forward-looking statements speak only as at the date of this presentation. Except as required by the Financial

Services Authority, or by law, the Company does not undertake any obligation to update or revise publicly any forward-looking statement, whether

as a result of new information, future events, or otherwise.

SAFE HARBOUR STATEMENT

LEADING THE

EVOLUTIONKevin Loosemore, ChairmanIntroduction

5

INTRODUCTION

Micro Focus is now positioned with:

A fantastic market opportunity…

….with potentially compelling financials…

…..that can be delivered by quality execution.

LEADING THE

EVOLUTIONInvestor & Analyst Strategy Day28/09/2009

LEADING THE

EVOLUTIONStuart McGill, CTOMarket overview, and market opportunities

8

THE ENTERPRISE APPLICATION LANDSCAPE

Windows

C#

UNIX/Linux

C++/Java

Web

Ajax, Flash

IMS CICS

Linux

Javaz/OS

PL/1

COBOL

COBOL

9

THE MICRO FOCUS OPPORTUNITY

Unique focus on the value of Enterprise Applications

Delivering „customer‟ choice

Enabling modernisation

Industry partnerships

10

Analyse Develop Test TrackReq’t Deploy

The Software Development Lifecycle is a process used by all software developers to

build applications

It consists of a series of sequential steps that software developers and development

managers understand

Software tools have evolved to apply to each stage of the process, and as a result,

created a series of separate software tools markets

Micro Focus group these distinct markets under the term Application Management

AN INTRODUCTION TO MARKET SEGMENTS – THE SOFTWARE DEVELOPMENT LIFECYCLE

11

MICRO FOCUS STRATEGY

The long term strategy consists of three overlapping phases:

3

1

COBOL – Increasing the ‘Core’ Growth Market

2

Expanding into Application Management Tools

Future Potential

COBOL – growing the

„core‟ market

13

Migrations from proprietary platforms creates step changes in market opportunity

1959-1976 1976-2006

Proprietary COBOL

Markets

Open COBOL

Expansion

Migrations

from Vendor

to Open

Micro Focus

COBOL

Market

THE COBOL MARKET – HISTORIC GROWTH DRIVERS

Other Other

14

Migrations from other platforms show first signs of promise

Open COBOL

Expansion

Migrations

from Vendor

to Open

Micro Focus

COBOL

Market

2006-2009

THE COBOL MARKET – CURRENT GROWTH DRIVERS

Other

15

WW COBOL Tools

Com

ments

AnalyseCOBOL

Analyse Develop

Open

COBOL

$620m

Micro Focus Available

Market

MICRO FOCUS COBOL MARKETS IN 2006

Source: 1Gartner, IDC, Forrester, Competitor revenues

Segment

Micro

Focus

Market

Hist (06-08)

Fcst (08-11)

Product /

Jargon

Mkt size1

(2008 figures)

Application

Assessment and

Understanding

$65m

20%

6-8%

Analysis and APM

capability raised the

profile of Micro

Focus in the CIO

community

„Stepping stone‟ to

upsell other

segments

Utilised extensively

as part of services

engagements

Development and

deployment tools

for COBOL

$555m

4%

2-4%

Stable, profitable

COBOL opportunity

with modest market

growth expected

Acu and RM (Liant)

brands added to

extend ISV base

Micro Focus

expected to

outperform market

growth expectations

16

Com

ments

Micro Focus

Available Market

MICRO FOCUS COBOL MARKETS TODAY

WW COBOL Tools

AnalyseCOBOL

Analyse Develop

Open

COBOLMainframe

COBOLMigrations

Development and

deployment tools

for COBOL

$740m

4%

2-4%

Application

Assessment and

Understanding

$65m

20%

6-8%

$1,300m

-2%

-2-4%

Mainframe

application

migration

>30% of

mainframe

>10%

>10%

Development and

deployment tools

for Mainframe

COBOL

$2,105m

Stable, profitable

COBOL opportunity

with modest market

growth expected

Acu and RM (Liant)

brands added to

extend ISV base

Micro Focus

expected to

outperform market

growth expectations

Analysis and APM

capability raised the

profile of Micro

Focus in the CIO

community

„Stepping stone‟ to

upsell other

segments

Utilised extensively

as part of services

engagements

Mature market

dominated by IBM

Other major players

(CA, Compuware)

deriving significant

maintenance

revenues

Little innovation is

creating market

potential for

customers that will

always be on the

mainframe

Rapidly expanding

market having

„crossed the chasm‟

SME mainframe

customers moving

off the platform,

large customers

considering

workloads

Microsoft partnership

has been critical to

building credibility

and mindshare

Segment

Micro

Focus

Market

Hist (06-08)

Fcst (08-11)

Product /

Jargon

Mkt size1

(2008 figures)

Source: 1Gartner, IDC, Forrester, Competitor revenues

17

Stable, profitable

COBOL opportunity

with modest market

growth expected

Acu and RM (Liant)

brands added to

extend ISV base

Micro Focus

expected to

outperform market

growth expectations

Segment

Com

ments

Analysis and APM

capability raised the

profile of Micro

Focus in the CIO

community

„Stepping stone‟ to

upsell other

segments

Utilised extensively

as part of services

engagements

Micro

Focus

Market

Mature market

dominated by IBM

Other major players

(CA, Compuware)

deriving significant

maintenance

revenues

Little innovation is

creating market

potential for

customers that will

always be on the

mainframe

Rapidly expanding

market having

„crossed the chasm‟

SME mainframe

customers moving

off the platform,

large customers

considering

workloads

Microsoft partnership

has been critical to

building credibility

and mindshare

Capabilities added

through the

NetManage

acquisition

„Stepping stone‟ to

cross-sell other

segments

Used as part of

mainframe

migrations

MICRO FOCUS COBOL MARKETS TODAY ($2,405M)

WW COBOL Tools

AnalyseCOBOL

Analyse Develop

Open

COBOLMainframe

COBOLMigrations

Development and

deployment tools

for COBOL

$740m

4%

2-4%

Application

Assessment and

Understanding

$65m

20%

6-8%

$1,300m

-2%

-2-4%

Mainframe

application

migration

>30% of

mainframe

>10%

>10%

Development and

deployment tools

for Mainframe

COBOL

Mainframe

application

integration tools

$300m

2%

0-2%

Hist (06-08)

Fcst (08-11)

Product /

Jargon

Mkt size1

(2008 figures)

Enterprise

Integration

Source: 1Gartner, IDC, Forrester, Competitor revenues

18

WW COBOL Tools

Development and

deployment tools

for COBOL

$740m

4%

2-4%

Segment

Product /

Jargon

Mkt size1

(2008 figures)

Hist (06-08)

Fcst (08-11)

AnalyseCOBOL

Application

Assessment and

Understanding

$65m

20%

6-8%

Analyse Develop

Open

COBOL

Micro

Focus

Market MainframeCOBOL

-2%

-2-4%

Migrations

Mainframe

application

migration

>10%

>10%

Enterprise

Integration

Mainframe

application

integration tools

2%

0-2%

3rd

2nd

1st

1st

Footp

rint

Micro Focus

Mkt Share

Opportunity

LT Opport

2nd

Brand Ent ServerRelativity Express RumbaMf Express

MICRO FOCUS COBOL MARKET OPPORTUNITY

Development and

deployment tools

for Mainframe

COBOL

$1,300m>30% of

mainframe$300m

Source: 1Gartner, IDC, Forrester, Competitor revenues

19

Micro Focus has an available COBOL tools market of $2,405m

The company has the potential to exceed market growth in its „open‟ COBOL business

The Migrations business is growing at >10% and shows promise

The COBOL market continues to be a growth engine for the business

COCOL MARKETS SUMMARY

EXPANDING

INTO APPLICATION MANAGEMENT TOOLS

21

MICRO FOCUS STRATEGY

The long term strategy consists of three overlapping phases:

3

1

COBOL – Increasing the ‘Core’ Growth Market

2

Expanding into Application Management Tools

Future Potential

22

APPLICATION MANAGEMENT MARKETS INTRODUCTION

Micro Focus has acquired positions in a number of separate software tools

markets grouped under the term ‘Application Management’

The addition of Borland, and Compuware’s Testing and ASQ division, creates a

platform for future growth

The acquired products are synergistic with our ‘core’ COBOL market and offer

immediate potential

COBOL software development groups represent only 20% of the overall market,

and opportunity

Testing is the strategic focus for our execution plans

23

Integrated Development Environment (IDE)

Enterprise Application Development in COBOL and PL/I

Micro Focus Market Positions

BuildAnalysisCode/

CompileRequirements

Quality

Assurance

and Testing

Developer

TestDeploy

AnalysisRequirementsQA

Verification

and Testing

Deploy

Integrated Development Environment (IDE)

BuildCode/

Compile

Developer

Test

MICRO FOCUS SOFTWARE DEVELOPMENT LIFECYCLE IN 2006

Track

24

Integrated Development Environment (IDE)

Enterprise Application Development in COBOL and PL/I

Micro Focus Market Positions

BuildAnalysisCode/

CompileRequirements

Quality

Assurance

and Testing

Developer

TestDeploy

AnalysisRequirementsQA

Verification

and Testing

Deploy

Integrated Development Environment (IDE)

BuildCode/

Compile

Developer

Test

Track

MICRO FOCUS SOFTWARE DEVELOPMENT LIFECYCLE TODAY

Track

25

COBOLdevelopment

(Windows/UNIX)

COBOLMigrations

PL/I Migrations

MainframeDevelopment

Modernization

THE ROLE OF ACQUISITIONS

EnterpriseApplication

Development

26

Enterprise JavaDevelopment

Enterprise C Development

Web ApplicationDevelopment

MicrosoftApplication

Development

THE BROADER MARKET FOR TOOLS

EnterpriseApplication

Development

27

Track

Software Config &

Change Mgmt

(SCCM)

$1,100m

10%

2-4%

Mature / saturated

and competitive

market – not core

focus but should

provide valuable

maintenance

streams

Open source

solutions creating

disruption in market

Analyse

Application

Assessment and

Understanding

$100m

20%

6-8%

Micro Focus has

expanded its market

capability with the

acquisition of

Relativity

Potential high

growth market –

diverse approaches

preventing

expansion

Slow burn

investment

„Stepping stone‟ to

upsell other

segments

Requirem’ts

Requirements mgmt

/ Definition

$200m

10%

6-8%

Relatively small

though high growth

market

Micro Focus is a #2

player with Caliber

brand from Borland

Low customer base

penetration

Serious focus from

IT organisations to

manage demand

and delivery

Can often lead to

follow-on sales

across other

products

Develop

Development tools,

Integrated Design

Environments (IDE)

$3,000m

4%

2-4%

Stable, profitable

COBOL opportunity

with modest market

growth expected

Micro Focus

expected to drive

market growth

expectations

Other languages

dominated by either

Microsoft or Open

Source

Rapid growth in

volume expected (if

not revenues)

Test

Performance &

Load testing,

Functional testing,

Test mgmt

$2,000m

13%

8-10%

Large, high growth

market

Micro Focus has

strong market

positions and

complementary

offerings

Customer base

from Borland and

Compuware

significant platform

for future growth

Market linked

closely to

requirements

DeployStep

Product /

Jargon

Mkt size1

(2008 figures)

Gro

wth

Com

ments

Hist (06-08)

Fcst (08-11)

1

MICRO FOCUS APPLICATION MANAGEMENT MARKETS ($6,400M)

Source: 1Gartner, IDC, Forrester, Competitor revenues

28

Track

Software Config &

Change Mgmt

(SCCM)

$1,100m

10%

2-4%

5th

Assess options for

future growth and

consolidation

Analyse

Application

Assessment and

Understanding

$100m

20%

6-8%

2nd

Slow burn

investment with

unique capability

alongside other

segments

Requirem’ts

Requirements mgmt

/ Definition

$200m

10%

6-8%

Strategic position

alongside testing

Develop

Development tools,

Integrated Design

Environments (IDE)

$3,000m

4%

2-4%

1st

Cloud platform

upgrades offer

more rapid growth

in future

Test

Performance &

Load testing,

Functional testing,

Test mgmt

$2,000m

13%

8-10%

3rd

Large, high growth

market with strong

offerings

DeployStep

Product /

Jargon

Mkt size1

(2008 figures)

Footp

rint

Micro Focus

Mkt Share

Opportunity

Longer Term

Comments

2nd

Brand Caliber Relativity COBOL Silk StarTeam

MICRO FOCUS APPLICATION MANAGEMENT OPPORTUNITY

Gro

wth Hist (06-08)

Fcst (08-11)

1

Source: 1Gartner, IDC, Forrester, Competitor revenues

** Micro Focus has the potential to exceed market growth rate due to the double digit growth migrations opportunity within this market

NB - Development market segment includes both development and deployment revenues for Cobol - Deployment market segment is deployment of all languages excluding Cobol

29

TrackAnalyseRequirements Develop Test Deploy

Mainframe

Open

Cloud

Windows

Web

Micro Focus value proposition focused on customers with major focus on both Open and Windows platforms in a heterogeneous market (85% of customers)

Mainframe expertise in modernising applications base creates further unique capability in the market

Micro Focus‟ ISV applications offer significant and immediate cross-selling potential across segments and platforms

Understanding of developer platforms required to target revenue bearing, profitable market segments

Strategic alliances critical e.g. Microsoft, to add value

Web platforms will be extended through organic growth where possible – requirements are small footprint, agile products accessed via the web

Cloud architectures are fundamental across all segments over the next 5 years

Mainframe platform of interest to extend Micro Focus‟ reach across all major enterprise platforms generating significant revenue

Sufficient scale required to address mainframe segment would imply future acquisition potential

MICRO FOCUS CUSTOMER SEGMENTS - DEVELOPER PLATFORMS

30

Micro Focus has an available market opportunity of $6,400 million

Application Management is a series of linked software tools based market

segments which include our core COBOL market of $2,405 million

The available market in ‘develop’ment expands to $3,000 million to include

coverage for other languages

Testing is the strategic market for growth and the focus of management

Testing is expected to grow at >10% after full integration is achieved

This is a significant platform for the future growth of the business

APPLICATION MANAGEMENT MARKETS SUMMARY

FUTURE

POTENTIAL

32

MICRO FOCUS STRATEGY

The long term strategy consists of three overlapping phases:

3

1

COBOL – Increasing the ‘Core’ Growth Market

2

Expanding into Application Management Tools

Future Potential

33

Software Config &

Change Mgmt

(SCCM)

$1,100m

10%

2-4%

Mature / saturated

and competitive

market – not core

focus but should

provide valuable

maintenance

streams

Open source

solutions creating

disruption in market

Application

Assessment and

Understanding

$100m

20%

6-8%

Micro Focus has

expanded its market

capability with the

acquisition of

Relativity

Potential high

growth market –

diverse approaches

preventing

expansion

Slow burn

investment

„Stepping stone‟ to

upsell other

segments

Requirements mgmt

/ Definition

$200m

10%

6-8%

Relatively small

though high growth

market

Micro Focus is a #2

player with Caliber

brand from Borland

Low customer base

penetration

Serious focus from

IT organisations to

manage demand

and delivery

Can often lead to

follow-on sales

across other

products

Development tools,

Integrated Design

Environments (IDE)

$3,000m

4%

2-4%

Stable, profitable

COBOL opportunity

with modest market

growth expected

Micro Focus

expected to drive

market growth

expectations

Other languages

dominated by either

Microsoft or Open

Source

Rapid growth in

volume expected (if

not revenues)

Performance &

Load testing,

Functional testing,

Test mgmt

$2,000m

13%

8-10%

Large, high growth

market

Micro Focus has

strong market

positions and

complementary

offerings

Customer base

from Borland and

Compuware

significant platform

for future growth

Market linked

closely to

requirements

Application servers,

run-time,

deployment

>$10,000m

c. 6%

2-4%

Deployment is a

large market and

spans multiple

software segments

– it is a “must-

have”, but not an

independent

strategic focus

Micro Focus has

deployment

associated with

their own products

Potential to expand

into other segments

Step

Product /

Jargon

Mkt size1

(2008 figures)

Gro

wth

Com

ments

Hist (06-08)

Fcst (08-11)

1

TrackAnalyse Develop Test Deploy

MICRO FOCUS APPLICATION MANAGEMENT MARKETS

Requirement

s

Source: 1Gartner, IDC, Forrester, Competitor revenues

34

Track

Software Config &

Change Mgmt

(SCCM)

$1,100m

10%

2-4%

5th

Assess options for

future growth and

consolidation

Analyse

Application

Assessment and

Understanding

$100m

20%

6-8%

2nd

Slow burn invest-

ment with unique

capability alongside

other segments

Requirement

s

Requirements mgmt

/ Definition

$200m

10%

6-8%

Strategic position

alongside testing

Develop

Development tools,

Integrated Design

Environments (IDE)

$3,000m

4%

2-4%

1st

Cloud platform

upgrades offer

more rapid growth

in future

Test

Performance &

Load testing,

Functional testing,

Test mgmt

$2,000m

13%

8-10%

3rd

Large, high growth

market with strong

offerings

DeployStep

Product /

Jargon

Mkt size1

(2008 figures)

Gro

wth

Footp

rint

Micro Focus

Mkt Share

Opportunity

Longer Term

Hist (06-08)

Fcst (08-11)

1

2nd

Brand Caliber Relativity COBOL Silk StarTeam

Niche

Potential to expand

into other segments

working with

strategic partners

Visibroker

Application servers,

run-time,

deployment

>$10,000m

c. 6%

2-4%

MICRO FOCUS APPLICATION MANAGEMENT MARKETS

Source: 1Gartner, IDC, Forrester, Competitor revenues

35

EnterpriseApplication

Development

Enterprise JavaDevelopment

Enterprise CDevelopment

Web ApplicationDevelopment

MicrosoftApplication

Development

Potential New Deployment Opportunities with

Visibroker

POTENTIAL NEW DEPLOYMENT OPPORTUNITY

36

MICRO FOCUS COBOL MARKET FUTURES – ENTERPRISE CLOUD SERVICES

Web 2.0/3.0

UI/Applications

[Auction]

Micro Focus

Enterprise Cloud

ServicesDevelopment

Services

Application

Hosting

Private / Public

Database / storage

Management

Other Cloud-based

applications

CLOUD

37

FUTURE MARKETS SUMMARY

Micro Focus have a number of niche positions in other market segments that are

of interest and that could be significant in the longer term

‘Cloud’ architectures will be a significant part of all of the company’s activities in

the medium term and across all primary market segments

– COBOL

– Testing

– Application Management

SUMMARY

39

SUMMARY

Micro Focus has significantly increased its available market

– From $620m in 2006 to $6,400m in 2009

The COBOL market continues to be a growth engine for the business

– Migrations are fuelling the underlying growth of COBOL revenues

Micro Focus has moved into a number of software tools markets grouped under Application Management

Testing is the focus for growth alongside migrations

A number of niche positions offer great potential in the future

‘Cloud’ architectures will become significant in the medium term across all of the company's offerings

LEADING THE

EVOLUTIONNick Bray, CFO,

Business models to address market opportunities,

M&A strategy, Borland & Compuware integrations,

and debt position

41

LAYING THE FOUNDATIONS

Significant market opportunity

Three years of strong organic growth

Seven acquisitions – five in last 12 months

Borland/Compuware integration – first phase nearing completion

Next priority to optimise total Group operating model

– go-to-market alignment across enlarged solution set

– maximise sales effectiveness across type, channel, product and geography

– drive further G&A efficiency opportunities, further improve systems and processes

Invest appropriately for future growth

Medium to long term further acquisition potential

42

POTENTIALLY COMPELLING FINANCIALS

The foundations give us the opportunity to expand Earnings Per Share:

Integration „dividend‟

Organic „dividend‟

Cash generation „dividend‟

Balance sheet „dividend‟

43

4.7%

49.6%45.7%

58%

30%12%

47.6%48.2%

4.2%

57%

25%18%

REVENUE PROFILE

Group revenue breakdown Licence revenue breakdown

FY2009

FY2008

OEM

Higher volume/Low value

Large transactions

Licence

Maintenance

Consultancy

44

REVENUE PROFILE FY2009 – „CORE‟ PRODUCTS

Migration revenues have grown at approximately 50% per year the last two years (from low base)

Solid organic growth in core COBOL, aided by acquisitions of Acucorp and Liant

APM

Modernization/migration

Core COBOL development

APM

Modernization/migration

Core COBOL development

FY2009 FY2006

5%

27%

68%

7%

20%

73%

45

65%7%

28%

REVENUE PROFILE FY2009 – TESTING/ASQ PRODUCTS

Revenue by Type

23%

23%

54%

Licence

Maintenance

Consulting

Test

Other

Visibroker

Revenue by Product

46

8%

8%

19%

44%

18%3%

MICRO FOCUS COMBINED GROUP REVENUE PROFILE

41%

54%

5%

Revenue by Type Revenue by Product

Testing

Other

Visi

APM

DEV

MOD/MIG

Licence

Maintenance

Consulting

47

GROWTH STRATEGY

Strengthening the foundations

Continued focus on organic growth

Continued growth through acquisitions

48

ACQUISITION AS AN END-TO-END PROCESS

IntegrationPre-DD Organic

Growth

Success criteria

Early financial

views

Risk

assessment

• Onsite

• Fast

• Execution of

decisions

made

Integration planning

Due Diligence

49

BORLAND & COMPUWARE INTEGRATIONS PROGRESS

32 work streams have delivered 229 out of 294 deliverables

Programme is being managed by a team of 20 staff

Activities are tracking to plan

Costs are tracking within budget

Compuware integration complete

SYNERGIES

Majority of G&A now within

Micro Focus

External spend on tax, audit,

legal and listing / compliance

Cut almost to NIL

Consolidation underway of

facilities in France, Germany,

Australia, Japan, Brazil,

Germany Singapore & UK

Combined teams except

independent Borland R&D facility

PEOPLE

Took out more than 150 heads in the

US and Singapore day 1

Will have taken out more than 300

heads, by 15/11

COST CONTROL

All non-integration projects

stopped

Review of all spend on

subcontracting, external advice,

etc. completed with contracts

terminated where appropriate

Go forward budgets modified to

fit Micro Focus norms. (Spend

as percentage of revenue etc.)

50

ACQUISITION STRATEGY

Non-organic growth current markets Related markets

Organic growth current markets Extended markets

51

(ASQ division)

Scale

Acq

uir

ed

Bo

lt-o

n

TrackAnalyseRequirem‟ts Develop Test Deploy

POTENTIAL SOFTWARE DEVELOPMENT LIFECYCLE TARGETS

52

STRENGTHENING THE FOUNDATIONS

Global 2000 sales execution and sales productivity

Multi product/multi channel GTM

Inside sales coverage

Direct coverage of new territories

Consulting and systems integration

Product requirements process

Development alignment and efficiency

Location and G&A efficiencies

53

CASH HIGHLIGHTS

Cash generated from continuing operation in FY2009 $105.0m (2008: $91.0m)

Cash balance at 30 April 2009 of $71.6m (2008: $92.4m), after NetManage, Liant and Relativity acquisitions

$215m debt facility, $100m net debt at 31st August 2009

$58.2m

$91.0m

$105.0m

2007 2008 2009

Cash generation

54

POTENTIALLY COMPELLING FINANCIALS

The foundations give us the opportunity to expand Earnings Per Share:

Integration „dividend‟

Organic „dividend‟

Cash generation „dividend‟

Balance sheet „dividend‟

LEADING THE

EVOLUTIONJorge Dinares, President International Sales

Micro Focus „go to market‟ models & how we execute –

resources, channels, customers

56

APPLICATION MANAGEMENT & MODERNIZATION

EMEA, Latin America and India – Go-To-Market Focus

Management team with blend of new talent and Micro Focus heritage

Established markets penetrated with broader solutions offers and growing numbers of

large customer transactions

New geographies addressed through direct investment and effective indirect channels

High sales conversion rates, robust pipeline

Compelling customer propositions for both sides of economic cycle

– Cost reduction, rapid ROI, productivity improvements

57

PROFESSIONAL AND RIGOROUS SALES MANAGEMENT

Salesforce.com system adopted

Daily focus on pipeline – detailed weekly management reviews

Sales methodology and training a key focus

Professional approach to pipeline development, management and deal closure

58

Customer Focus

APPLICATION MANAGEMENT AND MODERNIZATION

LEADING THE

EVOLUTIONMicrosoft, Eric Pinseel,

EMEA Solution Sales Director

Partner case study

LEADING THE

EVOLUTIONManagement Q&As

LEADING THE

EVOLUTIONKevin Loosemore, Chairman

Summary and close

62

SUMMARY

Micro Focus is now positioned with:

A fantastic market opportunity…

…with potentially compelling financials…

…..that can be delivered by quality execution.

LEADING THE

EVOLUTIONInvestor & Analyst Strategy Day28/09/2009