Period close trading update

23 April 2013

AVEVA Group plc

Period end trading update

AVEVA Group plc ("AVEVA" or the "Group"; stock code : AVV), one of the world's leading providers of engineering data and design IT systems, today announces a trading update following the end of the financial year to 31 March 2013.

The Group performed well in the second half of the year and we anticipate reporting full year results in line with consensus forecasts for both revenue and profits.

We have seen continuing good demand for our Engineering and Design Systems (EDS), driven principally by strength in Oil & Gas. We continued to see steady growth in Power whilst, as anticipated, the Marine market remained depressed. The launch of E3D has been well received and early feedback from customers with evaluation licenses has been enthusiastic; as previously indicated there has been no financial contribution in FY'13.

We are pleased to have achieved a major milestone in Enterprise Solutions, with a move into profitability for the first time. We saw strong revenue growth in Enterprise Solutions in the second half, following further traction with the Owner Operators and additional upsell into our EPC installed base.

We did not see any noticeable shift in the regional trends discussed at the time of the Q3 Interim Management Statement. EMEA continued to perform strongly whilst the Americas saw continued weakness in Latin America, with EDS impacted by previously disclosed project delays in Brazil and the timing of rental renewals in the region. Asia Pacific performed well, despite the weakness in Marine, with strong progress in China. During the second half the provision for bad debts was increased by a similar amount to that reported in the first half, principally as a result of the difficulties facing Chinese shipyards.

The Group maintained a strong balance sheet and continued to be strongly cash generative in the second half of the year.

Richard Longdon, Chief Executive, said: "The strength of the Group derives from its technology leadership and global platform. We are pleased with the outcome for the year, the strong performance in the second half of the financial year, and the successful launch of our major new product, E3D. In particular, the move into profitability in Enterprise Solutions is a major milestone for the Group and a highlight of these results."

The Group will announce its preliminary results for the year ended 31 March 2013 on 23 May 2013.

For further information, please consult the AVEVA website: www.aveva.com

Enquiries:

AVEVA Group plc Tel: 01223 556 611

Richard Longdon, Chief Executive

James Kidd, Chief Financial Officer

Derek Brown, Head of Investor Relations

Hudson Sandler Tel: 020 7796 4133

Andrew Hayes / Wendy Baker / Alex Brennan