ELE.L Regulatory News (ELE)

25 April 2013

Electric Word plc

AGM Statement

Electric Word plc, the professional development publisher, today held its Annual General Meeting and all resolutions were duly passed.

Following the meeting, Julian Turner, Chief Executive, said:

"Following the fundraising last year we have been investing in changing the product mix in each of our divisions to further build digital and subscription revenues. The Sport & Gaming division has made good progress in product development and, timing differences aside, is trading well. One of our major iGaming events is now falling in June instead of May, which means that revenues from this event will be reported in H2 2013 rather than H1 2013. In Education, having completed the development of the new digital service in 2012, our investment has moved to sales and marketing. As previously envisaged, profits are expected to come through from next year. Trading has been more difficult in the Health division where the market has been weaker and product redevelopment is at a much earlier stage.

The additional investments in people and infrastructure over the last twelve months, along with the timing differences in Sport & Gaming, mean that results for the first half are expected to be below 2012. With the team and structure now in place, the focus is on building the long-term value of the Group's publishing assets and we expect to see further progress in the second half of 2013."

ENDS

Enquiries

Julian Turner, Chief Executive, Electric Word 020 7954 3443

Andrew Potts, Panmure Gordon 020 7886 2500