Interim Management Statement

12 July 2012

AVEVA Group plc

Interim Management Statement

AVEVA Group plc ('AVEVA'; stock code: AVV), one of the world's leading providers of engineering data and design IT systems, today releases its Interim Management Statement for the period from 1 April to date.

During the first quarter we have seen no change in our demand environment. The Oil & Gas sector has remained particularly strong, driven by generally high levels of activity as well as the growing complexity and scale of projects worldwide. In Power the market has continued to show steady growth and, as anticipated, demand in Marine has remained subdued, but supported by offshore Oil & Gas projects in addition to naval shipbuilding.

In Engineering & Design Systems, demand from the engineering contractors is helping to drive continued growth. Whilst the majority of rental contracts renew in the second half of the fiscal year, we have seen no change in customer preference for the rental model during the period.

In June we announced a major new product at the ACHEMA conference in Frankfurt, Germany. This highly differentiated new solution represents one of the most significant R&D investments in AVEVA's long history and will be the most comprehensive and efficient plant design platform available. It is scheduled to ship at the end of this calendar year and we look forward to providing more details with respect to functionality and pricing to our customers at the time of the AVEVA World Summit in October.

Our Enterprise Solutions business continues to progress in line with our plans, helped in part by the strength of the order backlog at the start of the current fiscal year. During the period we were pleased to secure a win at one of the new Brazilian shipyards to use AVEVA NET and AVEVA MARS. We have also entered into a services partnership agreement with a global IT services firm which will help put in place the necessary additional service personnel to support AVEVA NET implementations on a truly global scale.

Regionally, we have seen continued strength in EMEA, whilst Latin America and North America continue to perform in line with plan. In Asia Pacific, the China business is fully operational and the other areas continue to perform well.

In May 2012, we completed the acquisition of Bocad and the integration is progressing satisfactorily. The Group continues to be cash generative and has a strong balance sheet.