SDRC Announces Stock Repurchase Program

18 September 1998

SDRC Announces Stock Repurchase Program

    CINCINNATI--Sept. 17, 1998--Structural Dynamics Research Corporation announced today that the Company's Board of Directors has approved a program to repurchase up to 3,000,000 shares of its common stock. Purchases will be made on the open market from time to time at the discretion of management. The purpose of the program is to partially offset the dilution caused by the exercise of stock options and to acquire shares for the Company's employee stock plans.
    "At current levels, we believe the true value of SDRC is not reflected in its share price based upon both our future growth and earnings potential as well as its relation to the equity valuations of other leading engineering software companies," said Bill Weyand, Chairman, President and CEO of SDRC. "This action by the Board of Directors reflects our confidence in the future of SDRC. SDRC's Board believes that, at recent prices, SDRC's common stock is one of the best investments the Company could make."
    SDRC is a leading international supplier of integrated Mechanical Design Automation software, Product Data Management software, and related value-added services. The Company's products and services help manufacturers optimize product concepts early in the design process, enabling them to significantly improve product quality while reducing product development time and cost. SDRC employs over 2,200 people and has 64 offices in 16 countries throughout North America, Europe, and the Asia/Pacific region.
http://www.sdrc.com/

    Note to Editors: SDRC is a trademark of Structural Dynamics Research Corporation. All other trademarks or registered trademarks belong to their respective holders.