Progility Regulatory News (PGY)

ILX Group PLC

("ILX" or the "Company")

Trading Update

ILX Group plc (AiM:ILX), the AIM quoted provider of e-learning software and business training, is pleased to provide an update on trading for the year ended 31 March 2010. ILX announces that it expects its results to be in line with market expectations; delivering turnover for the year of £14.7 million and profit before taxation and exceptional items of £1.1 million.

The Best Practice division has had an excellent year and established itself as the worldwide market leader in PRINCE2. Our global market share of PRINCE2 exam passes, which was 8% in 2008/9 and 10% in the first 6 months of 2009/10, now exceeds 12%. International sales have grown by over 30% with UK sales, despite the challenging economic environment, growing by 8%. This bodes well for 2010/11 when it is expected that the International division will substantially increase its share of Group revenues. The division is also seeing strong growth in e-learning software sales with a consequential improvement in operating margins.

In the last financial year the Company has seen the launch of its first iPhone applications as well as PRINCE2 Live software. This supports the growing trend in the business to focus on its strong e-learning software expertise.

Although the Finance division has seen strong e-learning sales, classroom revenues have been weak and this has greatly reduced profitability within the division. A much leaner cost base will however help this division in 2010/11 but with few signs of recovery in the sector, the market remains highly competitive.

In the current financial year it is expected that the growth in the Best Practice Division will continue, international earnings will increase and, whilst it is anticipated that the Finance Division will begin to generate an improved contribution, its results will have a reduced impact on overall Company profitability.

Overall and despite the difficult market conditions, ILX has had a good year and continues to expand internationally and to win market share in the UK.

Ken Scott, Chief Executive, ILX Group plc commented:

"Our strengths in technology and software development are increasingly driving the Company's growth, particularly as we expand into new markets. We expect the UK market to remain highly competitive but our aim is to consolidate the market lead that the Best Practice division has and to realign our Finance division offering. At the same time, we plan to continue our international expansion of Best Practice using our PRINCE2 product suite as the arrow head."

21 April 2010

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Editors' Note

ILX Group plc (www.ilxgroup.com) is a leading provider of vocational training to the private and public sectors, delivered through e-learning, and instructor-led courses/workshops, and trades through two divisions:

1. Best Practice provides e-learning, instructor-led training and implementation consultancy principally to the programme and project management, IT service management and business finance markets.

2. Banking & Financeprovides instructor-led training, workshops and related services, principally to the investment banking community.

ENDS