AGM Statement

Microgen PLC 24 April 2001 24 April 2001 MICROGEN PLC AGM Trading Update Martyn Ratcliffe, Executive Chairman of Microgen plc, will provide the following trading update at the Annual General Meeting to be held at 9.00am this morning. 'Following the completion of the restructuring last year, the Group has returned to operating profitability and continues to produce a positive operating cash flow. In the first quarter of 2001, all businesses produced positive profit contribution before Group overhead and goodwill amortisation. * Microgen-Kaisha, the Group's consultancy division, has continued its strong performance with excellent profitability. * Microgen-Telesmart, the Group's payment solutions business, acquired in August 2000, has produced a positive profit contribution in the first quarter, confirming the successful turnaround. * The Billing & Database Management division is also operating profitably and in accordance with the Board's disciplined investment program for this business. The B2B e-services sector continues to develop well with 20 customers now live on e-billing and over 400 companies receiving invoices, remittances and associated billing documentation via the Microgen hosting infrastructure. The significant growth rates in e-billing transactions experienced at the end of last year have continued into the first quarter of 2001. In summary, the Board are pleased with the start to the new financial year.' Contact : Martyn Ratcliffe, Executive Chairman 01753-847123 Mike Phillips, Group Finance Director Steve Liebmann, Buchanan Communications 0207-466-5000
UK 100

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