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Xenos Completes Acquisition of XML Global's Business Assets

Acquisition provides leadership positions in bridging proprietary software applications

TORONTO, Ontario, November 21, 2003 - Xenos Group Inc. (TSX: XNS), the data to e-content company™, today announced the closing of the transaction to acquire the business assets of XML-Global Technologies, Inc. ("XML Global").

XML Global is a software developer and vendor of XML middleware products. Xenos has acquired XML Global's intellectual property, customer relationships, and operating assets and retains all employees.

The acquisition results in a combined entity that puts Xenos in a leadership position in bridging incompatible proprietary applications to open standards, without the need to rewrite software or make changes to computer applications. Using XML Global's technology and services, computer applications can be integrated rapidly and easily, for faster return on investment.

XML Global's GoXML™ eBusiness product line is a set of intuitive, modular solutions that provide a business integration framework for data transformation, communication and storage of structured data for e-business requirements. Written in Java, the XML Global products are a strategic set of technologies that position Xenos for scalable growth in new horizontal, vertical and geographic markets.

Systems integrators typically encounter a gap in solving "the last mile problem of data integration"-where data structures must be mapped in a repeatable way between dynamic data sources. Xenos is now able to solve that problem with the GoXML product line.

"I believe that with the addition of GoXML software, Xenos is now the leader in its industry in terms of product offering, technical know-how and market coverage," stated Jim Farmer, President and COO of Xenos. "This technology acquisition enables Xenos to expand into new markets for e-business data transformation."

XML is playing a pivotal role in many business areas, particularly in business-to-business data sharing, content management and application-to-application integration. The business-to-business data sharing market is dominated by the use of proprietary EDI data formats. The migration from proprietary EDI data formats to open XML data formats creates a large market opportunity for GoXML. Instead of having to make expensive code changes when business requirements cause EDI record formats to change, organizations can use the visual GoXML mapping and business rule software tool to accommodate these changes quickly and externally to the EDI applications.

"XML Global's software fits well with existing Xenos products," said Stuart Butts, Chairman and CEO of Xenos. "Our enthusiasm for this combination is supported by positive reactions from industry analysts, media, customers, and partners, increasing our market visibility and further building upon Xenos' leadership in enterprise data to e-content integration software solutions. Our scalability, financial strength and global resources provide the critical mass to increase innovation, customer value and service, while accelerating our opportunities for growth in market share and profitability."

In exchange for the XML Global assets, Xenos issued 1,000,000 common shares and paid US$ 1,250,000 cash, subject to closing adjustments. The Xenos shares issued at closing are subject to a 12 month contractual escrow period.

It is anticipated that this acquisition will be accretive to Xenos top line and to EBITDA in fiscal 2004.

All of the XML Global employees have become Xenos employees and will remain working in the current Vancouver office.

About XML Global

XML Global Technologies, Inc. is a software developer and vendor of XML middleware solutions. The company's GoXML™ product line provides an intuitive, modular solution for integration of structured data.

About Xenos

Xenos (www.xenos.com) provides software and solutions that enable organizations to transform, re-purpose and distribute electronic content to support their e-business and print strategies.

Xenos d2e Platform™ transforms and re-purposes legacy printstreams into standard electronic formats (e-content) supporting both e-business and print strategies for applications such as electronic statement presentment, enterprise content management/archiving, print automation and customer relationship management.

Xenos d2e Vision™is our next-generation transformation software suite. Written in Java, d2e Vision supports Asian languages that use double-byte character sets. It is designed to be scalable and extensible for dynamic e-business solutions.
infoWEB™software enables organizations to extract, publish and disseminate critical business information throughout the enterprise. Once processed by infoWEB, clients can access this information using any standard Web Browser regardless of what platform, application or format the information was generated with.

Xenos partners with industry-leading software companies, such as IBM, to provide end-to-end solutions to customers. Xenos products are deployed at organizations worldwide, in industries including Banking, Financial Services, Insurance, Telecommunications, Utilities, Service Bureaus, Healthcare, Pharmaceuticals, Manufacturing and Government. Xenos is headquartered in Toronto, Canada, with offices in Dallas, Texas and the United Kingdom. Xenos trades on The Toronto Stock Exchange under the trading symbol "XNS", with approximately 8.9 million shares outstanding.

For more information, please contact:

Cory Pala
Investor Relations
Tel: +1 (416) 657-2400
Fax: +1 (416) 657-2300
E-mail: cpala@xenos.com

Jim Farmer
President and COO
Tel: +1 (214) 969-5341 ext. 5308
Fax: +1 (905) 709-1023
E-mail: jfarmer@xenos.com
Web: www.xenos.com

© 2003 Xenos Group Inc. All rights reserved