Trakm8 Hldgs Regulatory News (TRAK)

TRAKM8 HOLDINGS PLC

("Trakm8" or the "Group")

Trading Update

Trakm8, the AIM-listed designer and developer of GPRS based hardware and software for the vehicle placement and security market, is pleased to provide an update on trading for the year ended 31 March 2012.

The Board announces that the Group has continued the positive trend of recent years with good growth in revenue during the current financial period. The Group remains profitable despite this year being, as expected, the first for three years without Government Research & Development Grant funding which previously made such a valuable contribution. Our 'year on year' profitability excluding Government Grants has therefore improved markedly. This performance is particularly pleasing in the light of the current difficult trading conditions and continuing global economic uncertainty.

The Group has continued to maintain a strong cash balance, despite increases in working capital invested to secure the supply chain for new products which have recently been launched. These include the T8 Mini telematics unit, a lower cost waterproof unit for insurance and trailer tracking applications, and a driver feedback device to improve driver fuel usage and safety. The Group continues to make significant investment in its engineering and sales and marketing resources.

The Group expects to announce its preliminary results for the year ended 31 March 2012 in July 2012.

John Watkins, CEO of Trakm8, commented:

"We are very pleased to report a continued underlying improvement in the Group's performance and the Board is confident in the outlook for the new financial year."

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