K3 Business Technology Group Regulatory News (KBT)

AIM: KBT

 K3 BUSINESS TECHNOLOGY GROUP PLC

("K3" or "the Group")

AGM Statement

K3, which provides and supports Enterprise Resource Planning software, hosting and managed services to the supply chain industry, will be holding its Annual General Meeting today and Chairman, Tom Milne, will make the following comment on current trading,

"When we reported the Group's full year results to 30 June 2012, we stated that the current financial year to 30 June 2013 was a year of investment as we developed our newer product offerings, particularly Microsoft Dynamics AX and Managed Services. The Board remains confident that these investments will benefit growth prospects in 2013. The short term trading environment remains tough with customers continuing to defer spending decisions. Against this, our pipeline is strong, with a number of key deals whose successful closure will help to realise market expectations for the year."

Enquiries: