SSY.L Regulatory News (SSY)

SCISYS Group PLC

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

AGM Statement

SCISYS Group PLC ("SCISYS" - AIM: SSY; ESM: SCC), the supplier of bespoke software systems, IT-based solutions and support services to the space, media & broadcast, government, defence and commerce sectors, is pleased to release the following trading statement that will be read out at its AGM to be held at noon today:

SCISYS can report that it has made a positive start to 2019, delivering on contracts that formed part of its record opening order book, winning notable new contracts and generating strong cash flow in line with Board expectations. All divisions continue to expand their teams on the strength of their pipelines of prospective business opportunities.

The Directors expect that the Group's earnings in 2019 will follow the more familiar pattern of being heavily weighted towards the second half of the year; the more balanced profile of business seen in 2018 proved to be a temporary phenomenon.

Our Space division has built on the buoyant two-month period for order intake following the establishment of our Irish Group holding company in November 2018 by extending its footprint in the EU-funded Galileo satellite navigation programme with the €9.7m order from Thales Alenia Space France, announced in April. This success provided further evidence that the Board's decision to implement the re-domiciliation plan to address potential Brexit-orientated risks was fully justified.

From 1 January 2019 our two former divisions, Media & Broadcast and Annova Systems, have operated in combination under a single management team as the SCISYS Media Solutions division. Integration activities will continue to run throughout 2019 to maximise benefits from joint product development, marketing, business development and shared customer services.

As planned, the Group's Enterprise Solutions & Defence division has successfully extended its support agreements with UK Power Networks to 2020 and Arqiva to 2021, while securing further orders to maintain its provision of on-site consultancy teams to key customers in both the commercial and defence/security arenas.

Taking into account the above, an impressive pipeline of new business prospects and continued strong cash conversion, the Directors are confident that SCISYS is well placed for 2019 and beyond.

For further information please contact:

Investor Lunch Programme:

SCISYS will be holding investor lunches in London on 7 June and Bristol on 18 June for Private Client Investment Managers and Private Investors. Those wishing to attend should contact Tom Cooper on tom.cooper@walbrookpr.com, 020 7933 8780 or 0797 122 1972 for further details.

About SCISYS Group:

Employing around 650 staff, SCISYS Group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom solutions and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Thales Alenia Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, Radio France, RTL, RNLI, Pets at Home, Siemens and the National Trust. The Company's registered office is in Dublin, with UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Dortmund, Darmstadt and Munich. More information is available at www.scisys.co.uk.

This announcement has been released by Natasha Laird, Company Secretary, on behalf of the Company.