K3 Business Technology Group Regulatory News (KBT)

9 December 2015

AIM: KBT

K3 Business Technology Group plc

("K3" or "the Group")

AGM Statement

K3, which provides and supports Enterprise Resource Planning ("ERP") software, hosting and managed services to the retail, manufacturing and distribution sectors, will be holding its Annual General Meeting today and Chairman, Lars-Olof Norell, will make the following comment on current trading:

"We are pleased to report that trading over the new financial year to date is in line with management expectations, with December, an important trading month, progressing well.

"We continue to make good progress in transitioning K3 into a software vendor with product suites that contain increasing levels of our intellectual property. It is significant that the Group secured its first orders through global systems integrators for our ax l is fashion solution in the period. These wins continue to demonstrate the product's global potential. The expansion of sales through the channel partner network remains a key focus for K3 alongside direct sales.

"Sales across all our key products are encouraging, and we continue to see growing demand for our cloud hosting. As previously reported, K3 expects subscription models to become increasingly adopted as the industry moves towards consumption-based licensing and away from traditional perpetual licensing."

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