MRN Morson Grp

RNS Number:4074X
Serena Software, Inc
06 April 2004

RNS - SERENA Software, Inc. expiry of HSR waiting period





Not for release, publication or distribution in or into Australia, Canada or
Japan



For immediate release                6 April 2004



                        Recommended Cash and Share Offer

                                       by

                             SERENA Software, Inc.

                                     and by

       Lehman Brothers

                                 on its behalf

                          (outside the United States)

                                      for

              the entire issued and to be issued share capital of

                                   Merant plc



                          Expiry of HSR waiting period



SERENA Software, Inc. ("SERENA") announces that the waiting period under the
Hart-Scott-Rodino (HSR) Act in relation to the recommended cash and share offer
(the "Offer") for Merant plc ("Merant"), which was announced on 3 March 2004,
expired yesterday on the 5 April 2004. Accordingly condition 1(d)(i) to the
Offer has now been met.  SERENA and Merant were not required to make any other
pre-merger notification filings with competition authorities.



Merant securityholders who have not yet accepted the Offer and who wish to do so
are reminded that the Offer is scheduled to expire at 3.00 p.m. (London time),
10.00 a.m. (New York City time) on Thursday 15 April 2004, subject to SERENA's
right to extend the Offer.



Enquiries:


SERENA Software, Inc.
Mark Woodward                 Tel: +1 (650) 522 6531
Robert Pender                 Tel: +1 (650) 522 6604

Lehman Brothers
Keith Jue                     Tel: + 1 (650) 289 6000
Eric Wagner

Chris Nicholls                Tel: + 44 (0) 20 7102 1000
James Rushton



Terms defined in the Offer Document have the same meaning in this announcement.



Lehman Brothers, which is regulated in the UK by the Financial Services
Authority, is acting for SERENA in connection with the Offer and no one else and
will not be responsible to anyone other than SERENA for providing the
protections afforded tocustomers of Lehman Brothers, nor for providing advice
in relation to the Offer.



The SERENA Directors accept responsibility for the information contained in this
announcement which relates to the SERENA Group and the SERENA Directors.  To the
best of the knowledge and belief of the SERENA Directors (who have taken all
reasonable care to ensure that such is the case) such information contained in
this announcement is in accordance with the facts and does not omit anything
likely to affectthe import of such information.



This announcement does not constitute an offer or an invitation to purchase nor
a solicitation of an offer or an invitation to sell any securities.  The
availability of the Offer to persons not resident in the United Kingdom or the
United States may be affected by the laws of the relevant jurisdictions.
Persons who are not resident in the United Kingdom or the United States, or who
are subject to the laws of any jurisdiction other than the United Kingdom orthe
United States, should inform themselves about, and observe any applicable
requirements.



The Offer is not being made, directly or indirectly, in or into Australia,
Canada or Japan and will not be capable of acceptance in or from Australia,
Canada or Japan.  Accordingly, copies of this announcement are not being, and
must not be, mailed or otherwise distributed or sent in or into Australia,
Canada or Japan.  Custodians, nominees and trustees should observe these
restrictions and should not send or distribute this announcement in or into
Australia, Canada or Japan.



SERENA has filed a Registration Statement on Form S-4 relating to the Offer.
SERENA has also filed a Tender Offer Statement and other related documentation
and Merant has filed a Solicitation/Recommendation Statement with the SEC.  Free
copies of these documents are available on the SEC's web site at www.sec.gov.
The Registration Statement and the Tender Offer Statement may also be obtained
at no charge fromSERENA at 2755 Campus Drive, 3rd Floor, San Mateo, CA
94403-2538, USA and the Solicitation/Recommendation Statement may be obtained at
no charge from Merant at 3445 NW 211th Terrace, Hillsboro, OR 97124, USA.
Merant Securityholders are urged to readthe Registration Statement, Tender
Offer Statement, the Solicitation/Recommendation Statement and the related
documentation as they contain important information.


                      This information is provided by RNS
            The companynews service from the London Stock Exchange
END

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