Sysgroup Regulatory News (SYS)

30 April 2014

Daily Internet plc

("Daily Internet" or "the Group")

Pre-close Trading Update and Notice of Results

Daily Internet plc (AIM:DAIP), the hosting and cloud infrastructure as a service ("IaaS") provider, is pleased to provide a pre-close trading update for the year ended 31 March 2014 ahead of the announcement of its full year results in June 2014.

The Board reports that Daily Internet has achieved an adjusted EBITDA (1) and adjusted Profit Before Tax (2) for the year ended 31 March 2014 slightly ahead of market expectations.

These results only reflect a four and a half month contribution from Netplan Internet Solutions Limited ("Netplan") following the completion of its acquisition on 18 November 2013. As previously announced on 31 March 2014, Netplan's revenue growth since its acquisition has been ahead of management's internal expectations following new customer wins and increases in contract sizes with existing customers, and this trend has continued following the year end.

In addition, the existing Daily Internet branded business continued to deliver modest organic growth in the year, with this trend also ongoing into the current financial year, and Namehog Limited ("Namehog") traded profitably following its acquisition in January 2014 and continues to show good organic growth.

The Group is currently trading profitably on a month-by-month basis and the Group expects to announce its full year results for the year ended 31 March 2014 on 30 June 2014.

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(1) adjusted EBITDA means earnings before interest, tax, depreciation, amortisation, share based payment charges and acquisition related costs.

(2) adjusted Profit Before Tax means profits before tax, share based payment charges, amortisation of acquired intangible and acquisition related costs.