Update re CFIUS clearance

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

AVEVA GROUP PLC

Acquisition of OSIsoft, LLC (OSIsoft): Update re CFIUS clearance

The Board of AVEVA Group Plc (AVEVA or the Group) provides the following update on the progress of the acquisition of OSIsoft (the Acquisition).

As previously announced, AVEVA has received all antitrust and regulatory clearances required ahead of completion of the Acquisition, except for the approval of the Committee on Foreign Investment in the United States (CFIUS).

The parties to the Acquisition (the Parties) will enter into a new period of up to 45 days to allow more time for review and discussion with CFIUS. During this period, the Parties and CFIUS will continue to work to finalise an agreement related to the Acquisition.

The Board is looking forward to the completion of the transaction and remains excited about the value that the combination will deliver to AVEVA's customers, partners and investors.

AVEVA will provide further updates as appropriate.

Enquiries:

AVEVA Group plc

Matt Springett (Head of Investor Relations)

Tel: +44 7789 818 684

FTI Consulting LLP

PR Adviser to AVEVA

Edward Bridges

Dwight Burden

Tel: +44 20 3727 1017

Important Notices

This announcement contains statements about AVEVA that are or may be forward looking statements. All statements other than statements of historical facts included in this announcement may be forward looking statements. Without limitation, any statements preceded or followed by or that include the words "targets", "goals", "should", "would", "could", "continue", "plans", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "estimates", "hopes", "projects" or words or terms of similar substance or the negative thereof, are forward looking statements.

The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No.596/2014, as it forms part of the law of England and Wales by virtue of the European Union (Withdrawal) Act 2018 and as amended or re-enacted from time to time. Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.

The person responsible for arranging for the release of this announcement on behalf of AVEVA is James Kidd, Deputy CEO and CFO.