Bentley Systems, Incorporated Files Registration Statement for Proposed Initial Public Offering.

Business Editors/Hi-Tech Writers

EXTON, Pa.--(BUSINESS WIRE)--April 23, 2002

Bentley Systems, Incorporated, a global provider of collaborative architectural and engineering software solutions, today announced it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock.

The offering will include both primary and secondary shares.

Lehman Brothers and Deutsche Bank Securities will act as joint bookrunning managers of the offering. The co-managers of the offering will be SG Cowen and Wachovia Securities.

Copies of the prospectus relating to the offering may be obtained, when available, from: Lehman Brothers Inc., c/o ADP Prospectus Department, 55 Mercedes Way, Edgewood, NY, 11717, [phone]; and Deutsche Bank Securities, c/o Prospectus Department, 1 South Street, Baltimore, MD 21202, [phone].

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

Bentley and the "B" logo are registered trademarks of Bentley Systems, Incorporated or Bentley Software, Inc. in the U.S. and other countries. Other brands and product names are trademarks of their respective owners.