Press Releases & Coverage

SkillSoft Executives Enter Into Rule 10b5-1 Trading Plans

NASHUA, N.H., April 17, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- SkillSoft PLC (Nasdaq: SKIL), a leading SaaS provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small- to medium-sized businesses, today announced that five of its executive officers have entered into Rule 10b5-1 trading plans. The plans are being established in a manner that complies with the requirements of Rule 10b5-1(c)(1) under the Securities Exchange Act of 1934, as amended, and provide these individuals with an opportunity to diversify their investment portfolios.

While a few of these executives have sold shares this past week, these five executive officers had not sold securities of the Company since July 2004. In most cases, the shares sold this past week and the shares that are the subject of the 10b5-1 plans relate to founders shares issued in 1998 and share options that were granted between 1998 and 2002.

The trading plans for Charles Moran, the Company's CEO and President, and certain family trusts cover approximately 40% of the shares and share options held by Mr. Moran and the family trusts, and trades may be executed under the plans over 15 months if certain price thresholds and other conditions set forth in the plan are met. Included in the option shares not being sold by Mr. Moran under his plan are options to purchase 2,000,000 shares that vest through 2010.

About SkillSoft

SkillSoft PLC (Nasdaq: SKIL) is a leading SaaS provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses. SkillSoft enables business organizations to maximize business performance through a combination of comprehensive e-learning content, online information resources, flexible learning technologies and support services.

Content offerings include business, IT, desktop, compliance and consumer/SMB courseware collections, as well as complementary content assets such as Leadership Development Channel video products, KnowledgeCenter(TM) portals, virtual instructor-led training services and online mentoring services. SkillSoft's Books24x7(R) product offering includes access to more than 18,000 digitized IT and business books, as well as book summaries and executive reports. Technology offerings include the SkillPort(R) learning management system, Search-and-Learn(R), SkillSoft(R) Dialogue(TM) and virtual classroom.

SkillSoft courseware content described herein is for information purposes only and is subject to change without notice. SkillSoft has no obligation or commitment to develop or deliver any future release, upgrade, feature, enhancement or function described in this press release except as specifically set forth in a written agreement.

SkillSoft, the SkillSoft logo, SkillPort, Search-and-Learn, SkillChoice, Books24x7, ITPro, BusinessPro, OfficeEssentials, GovEssentials, EngineeringPro, FinancePro, AnalystPerspectives, ExecSummaries, ExecBlueprints, Express Guide and Dialogue are trademarks or registered trademarks of SkillSoft PLC in the United States and certain other countries. All other trademarks are the property of their respective owners, countries.

SOURCE SkillSoft PLC