Class action suit filed against Insignia Solutions PLC and its officers and directors alleging misrepresentations, false financial statements and insider trading.

SAN DIEGO--(BUSINESS WIRE)--March 24, 1997--A class action has been commenced in the United States District Court for the Northern District of California on behalf of all purchasers of Insignia Solutions PLC ("Insignia") American Depository Shares ("ADS") during the period November 14, 1995 to February 26, 1997 ("Class Period").

The complaint charges Insignia and certain of its officers and directors with violations of the federal securities laws. The violations involved massive insider trading by defendants who had access to the true but undisclosed adverse information about Insignia. During the Class Period, and as part of the scheme, the alleged defendants collectively sold 3.6 million ADSs to the public at an artificially inflated price of $12 per share, including some $20 million of ADSs sold by Insignia insiders. Thereafter, the defendants are alleged to have artificially inflated the price of Insignia's ADSs by making false and misleading statements to securities analysts and others and by falsifying Insignia's financial statements before the truth came out and the price of Insignia's ADSs collapsed to $2-1/2 on February 27, 1997.

Plaintiffs seek to recover damages on behalf of all purchasers of Insignia ADSs during the Class Period (the "Class"). They are represented by several law firms, including Milberg Weiss Bershad Hynes & Lerach LLP, who have expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Milberg Weiss has been actively engaged in commercial litigation, emphasizing securities and antitrust class actions, for more than 20 years. The firm has offices in New York, San Diego, San Francisco and Los Angeles and is active in major litigation pending in federal and state courts throughout the United States. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to major positions in complex multi-district or consolidated litigations. Milberg Weiss has taken a lead role in numerous important actions on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. For additional information about Milberg Weiss, see the firm's website at http://www.milberg.com.

If you are a member of the Class described above, you may, no later than 60 days from today, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiffs' counsel, Alan Schulman or Mark Solomon of Milberg Weiss at 800/348-6192.

CONTACT: Milberg Weiss

Alan Schulman/Mark Solomon, 800/348-6192