MPAY.L Regulatory News (MPAY)

Autoclenz Holdings plc ("Autoclenz" or the "Company")

AGM Statement 2012

At todays Annual General Meeting (16th May 2012), Chairman, James Leek will make the following statement:

"Trading during the first 4 months of 2012 has been broadly in line with our internal budgets. It is also pleasing to report that there are signs of increases in new car sales volumes. We are beginning to see the revenue improvements over last year, albeit at some margin expense.

We are also seeing new sales gains continue to come to us so far this year, added to that the introduction of the KPI's late in 2011 are also showing benefits in terms of our business churn being at its lowest level for a number of years.

Subsequent to the update in our Annual Report, I am pleased to say that we have now reached agreement in principal on the majority of claims from valeters and their legal teams and these will be settled within the total amount we had accrued at the end of 2011."