Interim Management Statement

27 January 2014

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 announces the following Interim Management Statement for the period from 1 October 2013 to date ("the period").

Since the announcement of the Interim Results in November 2013, we have not seen any noticeable shift in the trends reported at that time and overall the Group has continued to perform well during the period. The Group maintains a strong balance sheet and continued to see solid cash generation in the third quarter.

Geographic performance

Whilst the Americas region has continued to feel the effect of soft market conditions in Latin America, we have seen further good progress in the United States and Canada, building on the success achieved in the first half. The Asia Pacific region continues to grow at a steady pace, with continued strength in South Korea more than offsetting the generally weaker economic conditions in China.

As highlighted at the time of the Interim Results, the EMEA region has been affected in the current financial year by the impact of the lower than expected revenue growth in Enterprise Solutions, as well as some continued weakness in Russia and the Middle East.

Currency

In the first half of the financial year the Group's revenue benefitted on a reported basis from sterling weakening against the Euro and Korean Won, partially offset by a strengthening against the Japanese Yen. However, in the second half sterling has strengthened significantly making a negative foreign exchange translation impact more likely for the full year.

Engineering & Design Systems (EDS)

Our EDS business, which represents approximately 90% of Group revenue, has continued to perform well during the period, with good demand for our design software and a number of strategic contract wins. We continue to build our presence within the large Engineering Procurement & Construction (EPC) companies, and we are pleased to have entered into a new multi-year contract with one of the largest EPC contractors in the United States. Importantly, this deal changes the engagement model with this customer from project-specific to corporately-funded, thus allowing for easier access and faster adoption of AVEVA tools over time.

We continue to make progress with AVEVA Everything 3D™ (AVEVA E3D™), with two of AVEVA's major existing global EPC customers now including the product in their licence agreements. We expect these customers to begin to use AVEVA E3D™ on new projects beginning in the second half of this calendar year.

Enterprise Solutions (ES)

Despite a solid and growing pipeline, the ES business continues to be characterised by long sales cycles, and revenue continues to be affected by the issues noted at the time of the Interim Results. Operationally, we have continued to make progress with the Owner Operators and EPCs. In early December Chevron went live with AVEVA NET™ on the Gorgon project, one of the world's largest ever LNG projects with an estimated life of 40 years.

Notes to Editors:

AVEVA develops and markets engineering & design, and enterprise software solutions to customers in the Oil & Gas, Power, Marine, Chemical and Pharmaceutical, Metals & Mining and Pulp & Paper industries. AVEVA sells its proprietary software by licencing rights to use the software directly to engineering contractors, plant owner operators, and shipbuilding companies.

The Group operates two divisions:

- Engineering & Design Systems (EDS) provides software solutions for design and construction of assets in the Plant, Power and Marine industries.

- Enterprise Solutions (ES) division provides software and support for ongoing information management throughout the asset's lifecycle.

AVEVA has over 2,200 customers

- Engineering, Procurement & Construction companies (EPCs)

- Owner Operators

For further information: www.aveva.com