NEW YORK; May 16, 2002 – Accenture (NYSE: ACN) today announced that its primary and secondary offering of 93.5 million Class A common shares has been priced at $20.00 per share. After giving effect to the transaction and the use of proceeds, approximately 27 percent of the company’s equity will be publicly traded.
An underwriting syndicate led by Morgan Stanley is offering Accenture’s shares. The co-managers for the offering are Credit Suisse First Boston, Deutsche Bank Alex Brown, JPMorgan, Salomon Smith Barney, UBS Warburg, Banc of America Securities LLC, Lehman Brothers, ABN Amro Rothschild LLC, SG Cowen, and Wachovia Securities. The underwriters have an option to purchase up to an additional 14 million shares to cover over-allotments.
Accenture intends to use the proceeds from the sale of shares in the primary offering to redeem partner shares following the offering. Accenture does not intend to retain any proceeds raised through the primary offering, and the primary offering is not intended to increase the number of fully diluted shares outstanding.
A prospectus relating to the offering may be obtained by calling Accenture Investor Relations at 1-877-ACN-5659 (1-877-226-5659) or 1-703-797-1711 or by sending a written request to Accenture Investor Relations at 1345 Avenue of the Americas, 18th floor, New York, NY 10105.
Accenture is the world’s leading management consulting and technology services organization. Through its network of businesses approach – in which the company enhances its consulting and outsourcing expertise through alliances, affiliated companies and other capabilities – Accenture delivers innovations that help clients across all industries quickly realize their visions. With more than 75,000 people in 47 countries, the company generated net revenues of $11.44 billion for the fiscal year ended August 31, 2001. Its home page is www.accenture.com.
This announcement appears as a matter of record only and should not be taken as an inducement or solicitation to subscribe for any shares.