StatPro Regulatory News (SOG)

For Release at 07.00

Thursday, 26 January 2012

STATPRO GROUP PLC

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

Year End Trading Update

Notice of Results

StatPro Group plc, (AIM:SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, today announces a trading update for the year ended 31 December 2011.

Highlights

·; Trading for the year in line with expectations

·; StatPro Revolution annualised recurring revenue increased to US$0.73 million (£0.47 million) at 31 December 2011, being 9 months since launch

·; StatPro Revolution has achieved sales in all key markets (US, UK and Europe, South Africa, Australia and Asia) and into diverse market segments

·; Re-orientation of the business to focus sales and support fully on Revolution, following early success with the service

·; Net debt reduced to £3.4 million at 31 December 2011 (2010: £5.5 million)

We are pleased to report that trading in Q4 2011 was in line with expectations. Whilst recognised revenue from recurring contracts increased, weaker consulting sales resulted in overall revenue being marginally lower than expected. Renewal rates remain high at 92% (2010 92%) and costs have been managed tightly so that adjusted EBITDA is in line with expectations. Continued positive operating cash flow has enabled the Group to reduce net debt further to £3.4 million (2010: £5.5 million) whilst paying a higher dividend.

Recurring revenues for StatPro Revolution have grown quickly to US$0.73 million (£0.47 million) from its commercial launch in March 2011, although recognised revenue from StatPro Revolution was modest for 2011 as most of the revenue will be recognised in 2012.

StatPro Revolution

We have seen an encouraging pick up in interest from many types of potential customers and have signed up some important new clients, including:

·; a large Luxembourg based European custodian bank;

·; two UK fund administrators; and

·; a variety of small and large asset managers and private wealth managers.

As a result, StatPro Revolution now has annualised revenue of US$0.73 million from 50 clients. All of these clients have the potential to add many more portfolios as they increase their use of the service.

New features will continue to be added during 2012 and we plan to increase expenditure on marketing and sales in 2012 to add momentum to the service.

Focus on cloud technology

There is an increasing demand by clients who want to migrate to cloud technology away from traditional software, and given our increased confidence in StatPro Revolution's commercial potential, we have decided to accelerate our plans to invest in cloud technology and focus all our sales efforts on Revolution.

As a result of these decisions, we have made some changes to our business organisation and this will result in a reduction in our ongoing operational costs of approximately £1.6 million per annum. There will be a one-off cost associated with the restructuring amounting to approximately £0.8 million which will impact the H1 2012 interim accounts.

The current recurring revenue for Seven and data contracts is approximately £29 million and the renewal rate in 2011 was around 92%. All our existing clients represent a rich potential market for Revolution as we upgrade them to our new cloud technology over the next few years. This switch of emphasis, whereby we will focus on promoting StatPro Revolution, may impact revenue growth initially but is expected to lead to much higher sales productivity in the future.

StatPro's investment in cloud technology means that we are strongly placed compared to our peers to exploit the new technology shift. The breadth of the potential market and the innovative business model we have adopted will help change the way portfolio analysis is consumed in the market.

Outlook & Notice of Results

Although the global market situation is uncertain, we believe that our investment in new technology will yield benefits and enhance our competitive advantage. Overall, we believe that with our high level of recurring revenue coupled with the early success of Revolution we can look forward to 2012 with confidence.

The Board will provide an update on the outlook for trading in 2012 with the Company's preliminary results on Wednesday, 14 March 2012.

Justin Wheatley, Chief Executive, commented: "The Board is pleased with the early success of StatPro Revolution in its launch year. Our StatPro Seven business has remained steady, providing a strong source of recurring revenue and profits. We believe our early action to invest in cloud technology will ultimately improve margins going forward and are 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 £30 million at end June 2011 and currently enjoys a renewal rate of approximately 91%. 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 80% of recurring revenues being generated outside the UK.