Trading Statement

Infoserve Group PLC 04 October 2007 Infoserve Group plc (the 'Group') Trading statement During the six-month period to 30 September 2007, the Group has found that it has been difficult to grow its telephone sales force personnel in line with the Board's original expectations. The core team has continued to perform well and ahead of expectations and the Group's sales revenues are more than 40% up on the same period last year. However, the scale and speed of revenue growth has been lower than market expectations, due to the difficulties in increasing the telephone sales force headcount as quickly as planned, and will continue to grow at a slower rate than had originally been anticipated. In order to ensure that future profitability can be achieved at this lower rate of sales, the Board will be undertaking an immediate strategic cost review in order to bring overheads more in line with revenues. The Board expects to complete this review and the necessary resultant cost reductions quickly in order to maintain current cash balances and move towards monthly operating profitability during the next financial year. The Board believes that this restructuring will give it an efficient, profitable platform from which it can continue to grow in the future. The online local search market is still developing and the Board feels confident that future market opportunities will continue to offer the Group substantial growth potential, and enable the Group to maintain its position as one of the leading players in this industry sector. It is anticipated that the Group will be announcing its interim results in the second week of December. For further information please contact: Infoserve Group plc Steve Barnes Tel: 0870 556 1001 WH Ireland Limited Nominated Adviser and Broker Laurie Beevers Tel: 0161 832 2174 Richard Lindley Tel: 0113 394 6600 This information is provided by RNS The company news service from the London Stock Exchange
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