Interim Management Statement

09 July 2013

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.

AVEVA has seen a good start to the financial year in both its Engineering & Design Systems and Enterprise Solutions divisions, reflecting our global platform and technology leadership. We have continued to see steady growth in demand in EMEA and Asia Pacific. In the Americas region, there are early signs that business activity is beginning to pick up in Brazil, where we have won strategically important offshore and onshore contracts during the first quarter of the financial year.

In Engineering & Design Systems, our EPC customers remain highly active in the Oil & Gas market in all geographies, especially in the offshore segment. A fundamental driver of this remains the growing complexity and scale of projects which continues to necessitate that a greater proportion of capital expenditure is spent on detailed engineering design, and consequently increases demand for our market-leading software tools. Elsewhere, within the Power Market, we continue to invest in positioning AVEVA for future growth in both China and India, particularly with respect to new nuclear infrastructure investment.

As in prior years, most large rental contracts are scheduled to renew in the second half of the financial year, and during the first quarter we have seen no change in our customers' preference for the rental licence model.

Enterprise Solutions continues to see good growth and during the first quarter we signed our first AVEVA NET deal in India, with a major Owner Operator in the Power sector. We are continuing to develop further our partners' expertise with our Information Management solutions, from both an implementation and sales perspective.

The customer feedback with respect to AVEVA Everything3D (AVEVA E3D) is very encouraging. The high project workload and increasing complexity means the 'lean construction' principle at the heart of AVEVA E3D plays to the needs of customers. By the end of the first quarter of the financial year, AVEVA E3D was in use by more than twenty customers, albeit, as expected at this stage, the majority of these deployments are small and principally for evaluation purposes with short-term trial contracts. Of particular note has been the enthusiastic response to the integrated 2D drafting capability, integrated laser model interface, and the efficiencies the innovative new user interface quickly delivers.

The Group continues to invest in increasing its sales resources to meet the demand from faster growing geographies, as well as further developing its technical sales capabilities.

The Group continues to be cash generative and has a strong balance sheet. During the first fiscal quarter, we saw strong cash collection and ended the month of June with over £204 million of cash with no debt. Subject to approval by shareholders at the AGM later today, the final dividend of 19.5p per share will be paid on 26 July and the special dividend of 147.0p per share will be paid on 9 August 2013.