Trading Update

12 September 2014

AVEVA Group plc

Trading Update

AVEVA Group plc ('AVEVA'; stock code: AVV), one of the world's leading providers of engineering data and design IT systems, provides the following trading update for the first half of the financial year 2014/15.

The reported first half results are expected to show a material impact from the effects of currency and the timing of key global EPC rental renewals, as noted at the time of the Q1 IMS issued on 14 July 2014. The impact on revenue in the first half from currency and the phasing of these rental renewals is expected to be approximately £14 million. Additionally, we have seen a temporary impact from the now completed sales force reorganisation announced in April 2014 and mixed levels of customer activity regionally, with a reduction in demand in South America and parts of Asia, set against double-digit growth in China. We have seen no change in the competitive environment during the period. As a result of these factors, the Group's reported first half revenue is expected to be in the range of £84-90 million, dependent on the timing of contract signings.

As stated in the Q1 IMS in July, the timing of renewals will result in more revenue falling into the second half of the current financial year compared to previous years. In addition, as previously noted, the benefits of 'One AVEVA' are expected to begin to accrue in the second half. Furthermore, in light of the performance to date, we are reviewing our headcount growth plans and discretionary expenditure.

The Group continues to have a strong balance sheet and has continued to see strong cash generation in the first half.

On 17 September 2014, AVEVA will be hosting its annual Capital Markets Day for analysts and investors in London. The event will feature presentations on the Company's products, markets and operations; there will be no additional information on recent trading or financial performance.

Enquiries:

AVEVA Group plc

Richard Longdon, Chief Executive

James Kidd, Chief Financial Officer

Derek Brown, Head of Investor Relations Tel: 01223 556655

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