StatPro Group PLC – Change of Adviser

For immediate release
7 May 2004


(“StatPro” or the “Group”)

StatPro Group plc appoints Corporate Synergy Plc as Nominated Adviser and Broker

StatPro Group plc (‘the Company’), a leading AIM listed provider of portfolio analytics solutions for the global asset management industry, is pleased to announce it has appointed Corporate Synergy Plc as its nominated adviser and broker with immediate effect.

Commenting on the appointment, Carl Bacon, Chairman of StatPro said: ”Having achieved our main objectives of generating operating cash and operating profits in 2003, we need to ensure that our investment potential and growth ambitions are clearly understood by existing shareholders and potential new investors. With its strong understanding of our technology markets and focus on growing smaller companies, we have chosen Corporate Synergy as our nominated adviser and broker to advise us at this important stage in our development.’

Justin Lewis, Head of Broking at Corporate Synergy, commented: ‘StatPro is a dynamic business with an experienced management team which we know well and believe is in a strong position to deliver its growth strategy. We are delighted that Corporate Synergy has been selected to help them deliver their plans.’

– 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.

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