Contract Wins and Trading Update

Ideagen plc

("Ideagen" or the "Company")

Contract Wins and Trading Update

Ideagen PLC (AIM: IDEA), a leading supplier of Compliance based Information Management solutions, is pleased to announce that it has signed in excess of £500k of new contracts within the Aerospace and Defence Sector.

The contracts are for the supply and support of Ideagen's Workbench compliance software to the Ministry of Defence and two global tier-1 suppliers to control critical information across multiple operational sites and across multiple programmes including Typhoon and E-3D sentry.

Additionally, the Company is also pleased to announce that Raytheon UK has recently gone live with Workbench to provide a single repository and portal for its quality and regulatory information.

The market for our products within highly regulated industries has remained strong throughout the year and the Company is pleased to report that it continues to trade in line with market expectations and looks forward to providing a further update in May.

James Evans at Raytheon commented, "Utilising Workbench will not only give us an even greater focus on quality management and compliance it will also generate significant cost savings as we rationalise the multiple repositories we have across the UK business."

David Hornsby Chief Executive commented,"Aerospace and Defence is a key market for us as it is subject to a high level of regulation. Ideagen is fast becoming the platform for the MOD and its supply chain to manage critical information such as standard operating procedures and policies which gives me great confidence for the further success in this sector.

"We are also pleased to report another year of strong trading across the group and expect to report for the 12 months to April 2013 revenue and Adjusted EBITDA* growth of approximately 50% over the prior year."

*Adjusted EBITDA is defined as earnings before interest, tax, depreciation, amortisation, share based payments and acquisition costs relating to the acquisition of Plumtree Group Limited.