StatPro Group PLC – Result of AGM

For immediate release
19 May 2005


(“StatPro” or the “Group”)

Results of Annual General Meeting and Warrant Proposal

StatPro Group plc (‘StatPro’ or the ‘Group’), the AIM listed provider of portfolio analytics solutions for the global asset management industry, announces the results of the resolutions proposed at its Annual General Meeting (‘AGM’) today and the result of the proposal to warrant holders.

Reduction of share premium account to allow maiden dividend payment for 2005

All the resolutions proposed at the AGM were passed. Included within special business was a resolution to reduce the Company’s share premium account. If confirmed by the Court, the reduction will eliminate the deficit on the profit and loss account so as to enable the payment of dividends out of future profits. Following the passing of this resolution, the Company will now apply to the Court for approval of the reduction. Subject to the confirmation of the reduction of share premium account by the Court, the Company will be in a position to pay its maiden dividend for 2005.

Warrant proposal

On 29 April 2005, the Company made a proposal to its warrant holders to exchange their existing warrants over 4.25 million shares exercisable at 80 pence per share up to 17 May 2007 (‘Existing Warrants’) for new warrants over 1.7 million shares exercisable at 32 pence per share up to 10 June 2005 (‘New Warrants’). Applications for such exchanges have been received in respect of approximately 99.4 per cent of the Existing Warrants. The Board has resolved to accept such applications in full and this will result in the issue of New Warrants over 1.69 million shares and the cancellation of Existing Warrants over 4.225 million shares thereby reducing the potential future dilution and simplifying the Company’s capital structure.

– 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/Edward Vandyk 020 7448 4400


Reg Hoare/Sarah Richardson 020 7360 4900

Notes to Editors

StatPro Group plc is a leading provider of portfolio analytics solutions for the global asset management industry. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. StatPro has grown its revenue from continuing operations from £1.8 million in 1999 to £9.1 million in 2004.

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