Press Releases & Coverage

SkillSoft Releases Courseware to Support Project Management Institute's The PMBOK Guide -- Third Edition

Nashua, NH – November 22, 2004 – SkillSoft PLC (Nasdaq: SKIL), a leading provider of content resources and complementary technologies for integrated enterprise learning, today announced the release of 12 courses supporting A Guide to the Project Management Body of Knowledge ( PMBOK Guide®) – Third Edition, the newest release of the Project Management Institute’s (PMI®) global standard for project management. The new standard, released on November 1, will become the foundation for the PMI’s Project Management Professional (PMP®) and Certified Associate in Project Management (CAPM™) credentials in 2005. The available courses, which represent more than 25 hours of instruction, span topics such as project scope, time and cost estimates, and integration management. The company plans to release the remainder of courses aligned to the PMBOK Guide – Third Edition by the end of February 2005.

For the last several months, SkillSoft has also been working on meeting the Project Management Institute’s latest requirements for certifying courseware for continuing education and contact hours. Currently, SkillSoft has 44 courses that have been reviewed and approved for meeting contact hour requirements prior to taking an exam; 289 titles meet continuing education requirements for maintaining PMP certification. SkillSoft also offers test preparation and mentoring services to assist professionals in preparing for project management exams.

“Project management training and exam preparation is a very high priority for many of our clients,” said Lee Ritze, senior vice president of marketing and corporate development. “We believed it was imperative that we pursue an aggressive development schedule in order that our clients could continue to depend on us for this business-critical training.”

For a complete listing of project management courses, as well as a list of those courses that meet contact and continuing education requirements, go to www.skillsoft.com or call 800 327 6960, ext. 1.

About Project Management Institute

Project Management Institute (PMI), with more than 145,000 members in over 150 countries, is the world’s foremost authority for the project management profession. PMI sets industry standards, conducts research and provides education, certification and professional exchange opportunities, designed to strengthen and further establish the profession. PMI advances the careers of practitioners, while enhancing overall business and government performance through documentation of return on investment. For more information, visit www.pmi.org.

About SkillSoft

SkillSoft is a leading provider of comprehensive e-learning content and technology products for business and IT professionals within the Global 2000. SkillSoft’s multi-modal learning solutions support and enhance the speed and effectiveness of both formal and informal learning processes and integrate SkillSoft's in-depth content resources, learning management platform, virtual classroom technology and support services.

Content offerings include SkillSoft’s business and IT skills courseware collections; ITPro ™, BusinessPro ™, FinancePro ™, EngineeringPro ™, OfficeEssentials ™, and ExecSummaries ™ Referenceware ® collections by Books24x7 ®; and health and safety compliance courseware by GoTrain. SkillSoft’s complementary technologies include SkillPort ®, the company’s learning management platform with its powerful Search-and-Learn capabilities, and SkillSoft ® Dialogue ™, the company’s newly introduced virtual classroom offering with associated tools for blended learning solutions. For more information, visit www.skillsoft.com .

SkillSoft, the SkillSoft logo, Ahead of the Learning Curve, SkillPort, Search-and-Learn, SkillChoice, Books24x7, Referenceware, ITPro, BusinessPro, OfficeEssentials, EngineeringPro, ExecSummaries, Express Guide and Dialogue are trademarks or registered trademarks of SkillSoft PLC in the United States and certain other countries. PMI, PMP, the PMI logo, PMBOK(R) Guide. Building professionalism in project management, and Making project management indispensable for business results are registered marks of the Project Management Institute, Inc. All other trademarks are the property of their respective owners.

This release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include difficulties in integrating the organizations of SmartForce and SkillSoft, competitive pressures, changes in customer demands or industry standards, adverse economic conditions, loss of key personnel, litigation and other matters disclosed under the heading "Future Operating Results" in SkillSoft's Quarterly Report on Form 10-Q for the quarter ended June 30, 2004, as filed with the Securities and Exchange Commission. The forward-looking financial information provided by the Company in this press release represents the Company's estimates as of September 1, 2004. We anticipate that subsequent events and developments will cause the Company's estimates to change. However, while the Company may elect to update this forward-looking financial information at some point in the future, the Company specifically disclaims any obligation to do so. This forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this release.

Linda Galloway
Apollo Associates LLC
203-790-1591
lgalloway@apolloassociates.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SkillSoft Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.