11 December 2003
Workbrain Corporation Closes $46 Million Initial Public Offering

TORONTO, Dec. 11 /CNW/ - Workbrain Corporation (TSX: WB) announced today that the previously announced initial public offering of 2,860,000 common shares of Workbrain Corporation, at a price of $14.00 per share, has closed. In addition, the option granted by Workbrain Corporation to the underwriters to purchase up to an additional 429,000 common shares at the same price to cover over-allotments, if any, and for market stabilization purposes, has been exercised in full.

RBC Capital Markets is the sole bookrunner for the offering and, with CIBC World Markets Inc., is co-lead manager of the underwriting syndicate. The other members of the syndicate are National Bank Financial Inc., Griffiths McBurney & Partners and Sprott Securities Inc.
"Workbrain is excited to embark on our next phase of growth, supported by the proceeds from this offering," said Workbrain President and CEO David Ossip. "All of our employees remain focused on our vision of developing the most compelling workforce management solutions for the large enterprise market."

About Workbrain corporation
Workbrain develops, markets, implements and supports software that helps large organizations optimally deploy and manage their workforces. Workbrain's solutions automate complex workforce management processes such as labour forecasting, employee schedule optimization, time and attendance, workforce analytics and employee self-service. Workbrain is recognized by independent industry analysts as a leading provider of enterprise workforce management software.

For further information, contact

Brad Elder
Director of Communications
Workbrain Corporation
T: 416.421.6700 x2267
belder@workbrain.com