StatPro Group PLC – AGM Statement

For immediate release
13 May 2004

STATPRO GROUP PLC

(“StatPro” or the “Group”)

AGM Statement and Trading Update

At its Annual General Meeting held yesterday at 6.00 p.m., Carl Bacon, Chairman of StatPro Group plc, a leading AIM listed provider of portfolio analytics solutions for the global asset management industry, made the following comments on current trading and the outlook for 2004:

Highlights:

  • Trading results for the first four months of the current financial year have been in line with expectations
  • There has been an increase in sales activity, particularly for the StatPro Risk Management solution
  • Conversion of sales prospects to signed agreements remains protracted

‘The first four months of 2004 have shown a marked increase in sales activity and we have a growing pipeline. However, we remain cautious as the recovery in our market is still uncertain and, in particular, conversion of activity to signed contracts remains protracted. We have been actively marketing our four new products to existing clients and prospects and it is pleasing to note that two of our clients have already signed multi-year contracts for our new Risk Management System.

‘I am also pleased to announce that we have opened our South African Office in Cape Town. We have ten clients in South Africa already and a local presence should help us grow this further.’

 

– Ends –

For further information, please contact:

StatPro Group plc

Justin Wheatley, Chief Executive 020 8410 9876
Andrew Fabian, Finance Director

Corporate Synergy Plc

Justin Lewis 020 7448 4400

Weber Shandwick Square Mile

Mike Kirk/Rachel Taylor 020 7067 0700

Notes to Editors

StatPro Group plc is a leading provider of portfolio analytics solutions for the global asset management industry, which floated on the London Stock Exchange in May 2000. StatPro transferred its listing in June 2003 to AIM and has grown its recurring software revenue base per annum from less than £1.0 million to £7.4 million in four years.

Share this article