StatPro Regulatory News (SOG)

For Release at 07.00 Wednesday, 18 May 2011

STATPRO GROUP PLC

("StatPro", "the Company" or "the Group")

AGM Statement and Trading Update

StatPro Group plc, (AIM:SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, will be holding its Annual General Meeting today at 4pm. At the meeting, Carl Bacon, Chairman of the Group will make the following statement on the Group's progress in the year ending 31 December 2011:

StatPro Revolution launch

The key strategic objective for StatPro in 2011 is the successful launch of StatPro Revolution, our innovative web-based portfolio analysis and asset pricing service, and we are pleased to report that we have made a good start in this. Following the signing of our first custodian client, RBC Dexia in March 2011, its white-labelled version of Revolution is planned to be launched this week, and is being made available to RBC Dexia's global customer base. We have attracted our first direct online clients, and are pleased to report today that we have signed our first distribution contract with Trasset International SpA, an Italian based back office system vendor with 50 clients in asset management and private wealth.

It is still too early to quantify or confirm any trends, however, we are satisfied that we have started building a solid pipeline of Revolution opportunities and to capitalise on this initial momentum, we have decided to bring forward our planned investment in Asia. We will be opening our Hong Kong office in early September 2011 to support our online sales initiatives as we believe the Asian market presents an excellent opportunity. We are also continuing to add further sales and support capacity in our offices elsewhere.

Current Trading

Trading in the first four months of 2011 is in line with expectations. We are pleased to have signed up several new clients for StatPro Seven during the period although we continue to experience long sales cycles in line with many in similar global markets as prospects delay decisions. Our renewal rates remain high, and are currently projected to be around 90% or better for the full year. Our focus on cash generation has resulted in a further reduction in net debt to around £3.3 million at 30 April 2011 (from £5.5 million at the end of December 2010).

Outlook

It is clear from the feedback we have received over the last six months that StatPro Revolution has a strong appeal to asset managers of all types. The service is performing well, securing new business and opening up additional markets for the Group. We are a robust business operating in a growth market and the high levels of recurring revenue from our StatPro Seven business provides us with the confidence to continue to invest for the future. Therefore, whilst there remains further investment to be made to exploit StatPro Revolution's full potential, the Board is confident of a successful outcome for the year.

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About StatPro

StatPro is a leading provider of portfolio analytics and data solutions for the global asset management industry. The Company sells a SaaS-based Analytics and Data platform on a rental basis to investment management companies allowing them to analyse portfolio performance, attribution, risk and GIPS® compliance. StatPro also provides market data and valuation feeds including a Complex Asset Pricing service.

StatPro has grown its recurring revenue from less than £1 million in 1999 to £29 million at end December 2010 and currently enjoys a renewal rate of approximately 92%. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. The Company has operations in Europe, North America, South Africa and Australia, with approximately 79% of recurring revenues being generated outside the UK.