Bryan Garnier & Co successfully leads a EUR 19.1 million follow-on offering for Risc Group (Euronext: RSC)

Paris, September 4th, 2006 – Bryan, Garnier & Co (www.bryangarnier.com), the European investment bank for growth companies, announced today the closing of a EUR 19.1 million capital raising in the form of Ordinary Shares for Risc Group (Euronext: RSC), the leading Managed Security Services (MSS) provider in Europe.

The issue was closed on August 28th, 2006 and was subscribed by a group of international accredited institutional investors. The institutional tranche was 4 times over-subscribed. The net proceeds will allow the Company to implement its internal and external development strategy to reinforce its leadership  n Europe and expand on complementary services.

This transaction was led by Bryan, Garnier & Co which acted as Sole Manager and Book Runner of the offering and demonstrated the Company’s international placement capacity in an adverse capital market environment.

With more than 16,000 clients, Risc Group is a leading provider of managed and professional backup and security  ervices for small and medium-sized companies in Europe. The company operates in France, Belgium, Germany and Spain. The Company offers a complete set of services within the field of data protection and recovery including remote automatic backup services, managed antivirus, managed firewalls, managed spam blocking, and managed emails.

Recurring model Risc Group benefits from a contract renewal model that provides it with recurring revenues every year as well as a strong profitability level.
Fast growing market Benefiting from the increasing need for IT security and strong outsourcing trends, the Managed Security Services market is expected to reach a compound annual growth rate of 25% in the next three years in Europe.