Trading Statement

Ingenta PLC 1 August 2002 Date: Embargoed until 07.00am, Thursday 1st August 2002 Contacts: Ingenta Website: www.ingenta.com Mark Rowse, Chief Executive Tel: 01865 799010 David Callcott, Finance Director Tel: 01225 361020 Hudson Sandler Alistair Mackinnon-Musson Tel: 020 7796 4133 Philip Dennis email:ingenta@hspr.co.uk Ingenta plc Following completion of the trading period to 30th June 2002, marking the close of Ingenta's third quarter, the Board is pleased to report that the Company has continued to experience substantial growth and is on track to produce a modest profit before tax and goodwill amortisation for the year to 30th September 2002. Publisher services activity continues to be strong with over twice as many new customer contracts closed in the third quarter this year compared with last year. Pay-per-view revenue growth has increased with results over 80% ahead of the comparable period in 2001. Within the Specialist Websites activity, a number of major new contracts have been closed including a foreign language journal portal for the French market and a scholarly monograph service. However, a lengthening of the order cycle in this area in the third quarter is likely to have the effect of some revenue in this division falling outside the current financial year. This is likely to result in sales in this division for the current year being lower than previously expected. Taken as a whole, the Board is confident that the outcome for the year will show overall turnover growth in excess of 50% compared with 2001. Together with sustained high gross margins and a stable operating cost base, this should generate the Company's first full year profit before tax and goodwill amortisation for the year to 30th September 2002, an improvement of well over £11million compared with 2001. Mark Rowse, Chief Executive, commented: 'Despite a lengthening of the order cycle in Specialist Websites, the Company is performing well and is on track to move into profitability at the pre-tax level for the current year. Our underlying markets continue to support strong rates of growth and we have continued to build recurring revenues, both through adding substantial numbers of new customers and through providing new services to our existing clients.' This information is provided by RNS The company news service from the London Stock Exchange

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Ingenta (ING)
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