Trading Update

AVEVA GROUP PLC

Trading Update

AVEVA Group plc ('AVEVA' or 'the Group'), a global leader in engineering and industrial software, announces the following trading update for the period from 1 April 2018 to date.

The Group has made a solid start to the financial year and integration remains on track, with a number of key milestones being successfully hit that will support future growth. These include integration of the Executive Leadership, Finance, Sales, Marketing and Global R&D teams, and transfer of HR processes from Transitional Service Agreements to AVEVA in key markets, such as the United States.

The Group maintains a strong balance sheet and saw good cash generation in the first quarter, resulting in net cash of £117 million at 30 June 2018, up from £96m at 31 March 2018.

The full year outlook remains in line with the Board's expectations.

Enquiries:

AVEVA Group plc

Matt Springett, Head of Investor Relations

Tel: 01223 556 676

FTI Consulting LLP

Edward Bridges / Dwight Burden

Tel: 020 3727 1000