Update on acquisition of SiSoft

For Release at 07.00 Tuesday, 16 July 2013

STATPRO GROUP PLC

("StatPro", "the Company" or "the Group")

Update on acquisition of SiSoft

StatPro Group plc, (AIM:SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, is pleased to announce that it has achieved a settlement with representatives of 55% of the non-controlling shareholders in SiSoft Sarl ('SiSoft') following a legal dispute over the valuation of contingent consideration.

Background

SiSoft developed an advanced web-based Composites solution, which is integrated into StatPro Seven's Composites module. In 2010, StatPro announced its intention to exercise its option to acquire the 49% minority interest in SiSoft. However, as previously announced, the non-controlling shareholders, consisting of two parties owning 55% and 45% of the minority interest, disputed elements of the calculation of the deferred consideration and the matter has been progressing through the French courts.

Deferred Consideration - partial settlement

Under the formula stipulated by the acquisition agreements, the deferred consideration was originally estimated at approximately €1.6 million (£1.4 million). Following further review, the directors determined that it was in the interests of the Company to propose an out of court settlement with the non-controlling shareholders to minimise the risk of a protracted dispute with an adverse outcome, and to mitigate further legal costs and management time involved in the ongoing dispute.

The offer was accepted by representatives of 55% of the non-controlling shareholders in SiSoft and, as a result, €1.16 million (£1.0 million) was paid in early July 2013.

Remaining interest

The Court has now made a provisional judgment regarding the remaining 45% non-controlling interest and whilst most of the original elements of the claim (making up the bulk of the value) made by the non-controlling shareholders have now been rejected by the Court, the Court has appointed an expert to review the remaining elements at dispute to assist in evaluating the merits and the quantification of the claim.

The Board expects the remaining deferred consideration payable to the 45% shareholder party to be in the range of €0.7 million - €1.1 million (approximately £0.6 million - £0.9 million). The increase in the estimate of the deferred consideration (which will therefore be between £0.2 million and £0.5 million) will be charged to the income statement in the interim and final accounts of the Group for 2013.

The Board remains confident that our analysis of the case is robust and will provide an update when appropriate.

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About StatPro

StatPro is a global provider of portfolio analytics for the investment community. Our cloud-based services provide vital analysis of portfolio performance, attribution and risk. Hundreds of investment professionals use our cloud services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.

With nearly 20 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.

StatPro has grown its recurring revenue from less than £1 million in 1999 to around £30 million at end December 2012 and currently enjoys a renewal rate of approximately 91%. StatPro floated on the main market of the London Stock Exchange in May 2000 and transferred its listing to AIM in June 2003. The Group has operations in Europe, North America, South Africa, Asia and Australia and approximately 430 clients in 36 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.