StatPro Group PLC – Directorate Change

For immediate release
17 January 2002

STATPRO GROUP PLC

(“StatPro” or the “Group”)

Appointment of Non-Executive Director

StatPro Group plc (“StatPro”) a leading supplier of performance measurement software for use by asset managers globally, today announces the appointment of Mark Adorian as Non-Executive Director. Mark was previously Managing Director of Standard & Poor’s Fund Services and was also a founding shareholder of Micropal, which was later acquired by Standard & Poor’s in 1997.

Carl Bacon, Chairman of StatPro, commented: “Mark Adorian is a high profile executive in our market place and his experience, especially in corporate activity, will add great value to StatPro. We welcome him to our board and look forward to working with him on our expansion plans.”

Mark Adorian also commented: “I am absolutely delighted to have the opportunity of working with the StatPro team to build shareholder value. I am impressed by the management team and have absolutely no doubt in their ability to deliver results. I look forward to assisting them in executing their strategic vision.”

Mark Adorian co-founded Micropal, the global fund performance analysis company in 1986, becoming their Sales & Marketing Director in 1987. In 1992 he became Managing Director of Micropal, and subsequently in 1997 negotiated the sale of Micropal to Standard & Poor’s, a division of the McGraw-Hill Companies. In 1999 Mr Adorian became Managing Director of Standard & Poor’s Fund Services, a business created through the merging of Micropal together with two existing Standard & Poor’s businesses and an additional external acquisition. His specific responsibilities included the global development of the enlarged entity. Mr Adorian resigned from Standard & Poor’s Fund Services in 2001.

Enquiries:

StatPro Group plc

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

Buchanan Communications

Mark Edwards/Jeremy Garcia 020 7466 5000

Notes to Editors:

On StatPro

StatPro supplies Performance Measurement & Risk Systems to the Asset Management Industry. Established in 1994, StatPro has a rapidly growing blue chip client base of global asset managers. StatPro’s products have been hailed as the best in their class in an independent market survey. StatPro’s strategy involves growth by acquisition so that it can provide its existing clients with an ever wider range of products. Mark Adorian will be instrumental in leading and executing this acquisition strategy.

Mr. Adorian’s current directorships:
THE GRADIENT EUROPE FUND

Mr. Adorian’s directorships in the last five years:
MICROPAL GROUP LIMITED
SPLAD LIMITED, formerly DIVIDEND ANALYSIS LIMITED
ISDS LIMITED
THE McGRAW-HILL COMPANIES LIMITED, formerly MICROPAL GROUP LIMITED
STANDARD AND POORS FUND SERVICES DEUTSCHLAND
STANDARD AND POORS FUND SERVICES SARL
STANDARD AND POORS FUND SERVICES ASIA LIMITED
STANDARD AND POORS MICROPAL INC

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