Trading Update

20 October 2014

Cpl Resources plc 

Trading Update

Cpl Resources plc ('Cpl' or the 'Group'), Ireland's leading employment services group, held its Annual General Meeting ('AGM') in Dublin on 20 October 2014.

At the AGM, the Chairman Mr John Hennessy made the following statement:

"On 2 September 2014 we announced our results for the year ended 30 June 2014. The Group reported operating profit growth of 21% to €14.2 million, revenue growth of 12% and earnings per share of 40.7 cent, up 16% on the prior year. The Group has a strong balance sheet, with more than €30 million in net cash at the year end.

At our AGM today the shareholders approved a final dividend of 5.0 cent per share, bringing the total dividend for the year to 9.75 cent per share, a 15% increase on 2013.

The Group has had a positive start to the new financial year with net fees continuing to show growth across our major business lines. We are investing in our operations in Eastern Europe and expect those businesses to benefit from profitable growth in the future. Overall, we expect to perform in line with market expectations in the months ahead."

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For Further Information:

Anne Heraty, CEO, CPL Resources Plc: +353 1 614 6000

Mark Buckley, CFO, CPL Resources Plc: +353 1 614 6000

Ivan Murphy/ Daragh O'Reilly, Davy Corporate Finance: +353 1 679 6363