Interim Management Statement

14 July 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 April 2014 to date ("the period").

Since the announcement of the FY14 results on 27 May 2014, we have not seen any noticeable shift in the trends reported at that time in either our end markets or from a geographical perspective.

The first quarter is seasonally the least significant for the Group. The performance in the period reflected the impact of foreign exchange rates, as noted below, together with the timing of key global EPC rental renewals. The 'One AVEVA' approach, outlined with our full year results in May, is expected to begin to show benefits in the second half.

The timing and phasing of rental contracts tends to result in the majority of rental renewals occurring in the second half, where we often see incremental licences purchased for existing software together with customers licensing additional products. This effect is likely to be somewhat more pronounced in the current financial year based on our expected schedule of renewals, which will see revenue geared more towards the second half compared to previous years. Our expectations for the Group performance on a constant currency basis for the full financial year remain unchanged.

The Group maintains a strong balance sheet and continued to see solid cash generation in the first quarter, resulting in net cash of £129 million at 30 June 2014.

Subject to approval by shareholders at the AGM today, the final dividend of 22 pence per share will be paid on 25th July 2014.

The momentum behind AVEVA EverythingE3D™ (AVEVA E3D™) has continued to build in line with expectations. We were pleased to announce recently that KBR has extended its utilisation of AVEVA technology, which includes the selection of AVEVA E3D™. The new contract enables KBR to deploy AVEVA E3D™ along with an increased number of AVEVA solutions on major capital projects around the world. We have been particularly encouraged to have closed two deals for AVEVA NET™ with new owner operators during the period.

Currency

As highlighted in the FY14 results, foreign exchange is adversely impacting the FY15 performance through the translation of the results of our overseas subsidiaries. This is due to the strengthening of sterling against a number of currencies in the second half of FY14, with most of the impact being felt in the first half of this year. Since the start of the year, sterling has continued to strengthen against a number of currencies in territories in which we operate.

Looking forward

Our technology leadership and the broad international spread of our business position us strongly to exploit the underlying market drivers and deliver sustained growth.

Enquiries:

AVEVA Group plc

Richard Longdon, Chief Executive

James Kidd, Chief Financial Officer

Derek Brown, Head of Investor Relations Tel: 01223 556611 or 01223 556655

Hudson SandlerAndrew Hayes / Wendy Baker/ Alex Brennan Tel: 020 7796 4133