COGNICASE: Worldschool Transaction Not To Proceed.

Business Editors

MONTREAL--(BUSINESS WIRE)--July 21, 2000

COGNICASE Inc. (NASDAQ:COGI)(TSE:COG.) announced today that its proposed transaction with Worldschool limited (ASX:"WSX") contemplating the creation of a "strategic partnership for e-learning" and an investment by COGNICASE in Worldschool will not proceed.

As indicated in the joint press release issued on June 13, 2000, the completion of the transaction was subject to certain factors, including satisfactory due diligence by each of the parties.

COGNICASE's due diligence of Worldschool's activities and business prospects has not proved satisfactory and COGNICASE has therefore decided to exercise its right to terminate the Agreement-in-Principle entered into between the parties.

About COGNICASE

COGNICASE is an innovative e-business integrator and Wireless/Internet electronic solutions provider, with offices in several major North American and European business centers. Based on its results-driven approach, technologies, international IT engineering/hosting center, COGNICASE offers innovative solutions that contribute to the business success of its customers in the digital economy. COGNICASE consists of the following four business units: Outsourcing and Integration, Electronic Business Solutions, Wireless/Internet Technologies and Internet Portals. COGNICASE employs approximately 3,500 professionals in several countries, including Canada, the United States, France, Spain, Italy, Belgium, the Netherlands and Australia.