AGM Statement

FDM Group PLC 10 May 2007 Embargoed for release at 7.00am 10 May 2007 FDM Group plc ("FDM" or "the Company") AGM Statement At FDM's Annual General Meeting, which will be held today at 10.00am at the Company's offices at Lanchester House, Trafalgar Place, Brighton BN1 4FL, Chairman Ivan Martin will make the following statement to shareholders attending the meeting: "I am pleased to report that trading in the first quarter of 2007 has been in line with our expectations, with sales well ahead of the comparative first quarter of 2006. Market conditions continue to be very favourable and we are experiencing continuing high levels of demand for our IT staffing solutions, with several new clients won during the period. Debtor days have continued to improve, with a consequent positive impact on the Group's cash position. "Following the opening of our City of London Training Academy in January 2007, our ability to recruit personnel for our internal Mountie training programme has been significantly enhanced and we remain on target to have 194 Mounties on billing by 30 June 2007, compared to 118 as at 30 June 2006 and 154 as at 31 December 2006. Mountie utilisation rates have remained steady at 98%. "We have recently introduced a new and innovative remuneration package for our internally trained Mounties who have completed two years of employment with the Group. The initial response to this package has been very positive and the Board expect it to encourage Mounties to remain as long term FDM employees. Margins earned from the services provided by Mounties will remain significantly ahead of industry average. This initiative should also enable FDM to offer a greater range of services to existing and prospective customers and thus exploit project life cycles more fully, whilst maintaining our policy of delivering solutions on the basis of time and materials spent. "In conclusion, FDM remains firmly on track to achieve its objectives for 2007 and beyond and we view the future with a high degree of confidence." For further information please contact: FDM Group Plc Noble & Company Limited Pelham PR Tel: 0870 060 3100 Tel: 0207 763 2200 Tel: 0207 743 6679 Rod Flavell, Chief Executive Officer Nick Naylor Archie Berens Julian Divett, Chief Operating Officer Nick Athanas Notes to Editors ABOUT FDM FDM is an international IT company providing IT staffing, and IT services to companies for over 20 years. With offices in the UK, USA and Europe, FDM has maintained its leadership in this highly competitive marketplace by investing in a unique, industry-leading IT training programme (FDM Academy). FDM provides IT services across multiple business sectors: Financial Services; Systems Integrators and Software Houses; Telecommunications and Broadband; Media; and Transportation. Clients include over 150 blue-chip organisations such as JP Morgan, Sony, Barclays, Deutsche Bank, EDS, The BBC, Siemens and T-Mobile. FDM has established solid partnerships with industry heavyweights including IBM, Oracle, Sybase, Sun and Microsoft, enabling the Group to offer services in leading-edge technical environments. Like a number of other organisations in this sector, FDM supplies freelance IT contractors to clients. However, FDM (through the FDM Academy) also trains, certifies and places its own employed consultants (known as Mounties). This sets FDM apart from the majority of its competitors in the IT staffing market, who rely on a shared agency database of IT contractors. OPERATING STRUCTURE FDM delivers its services to clients through two business units: IT Staffing - offering a unique mix of freelance contractors and Mounties, ensuring properly qualified staff will be on site for the duration of clients' projects, whilst reducing staffing costs. Global Services - a low risk, highly scalable services model, that has been designed to increase efficiency, whilst decreasing management overheads. From development, support and training, FDM provides highly skilled teams to build the right solution to meet clients' business needs. FDM ACADEMY FDM's award-winning Academy runs a unique fast track training programme designed to provide the programmers of today and tomorrow. The Academy provides a hi-tech apprenticeship scheme for programmers in Sun Microsystems' Java and Microsoft's C# and .Net. With recently introduced finance and testing streams, FDM Academy is well placed for the future. Over 1000 IT professionals have now graduated from the Academy. This information is provided by RNS The company news service from the London Stock Exchange

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