CONTACT:

About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.

Financial highlights

* Exceptional item for 2011: nil (H1 2010/11: £67,000 professional services relating to XTAQ acquisition)

Key points:

· Strong financial performance driven by international revenue growth and delivery of projects won at end of last financial year

· 92% growth in pre-tax profit reflects margin improvement from licence sales and cost control

· 19% rise in cash at 31/7/11, compared to 31/7/10, after total expenditure of £0.73m on investment in product development and the purchase of shares by the EBT

· 63% increase in operational cashflow

· Substantial progress in major enhancement of core software products which, when completed, will expand eg’s customer base and strengthen its leading market position

· Emergence of back office workforce optimisation market continues

On outlook, Rodney Baker-Bates, Non-executive Chairman, stated:

“The demand for back office optimisation solutions continues, with existing and new customers, both in the UK and internationally, responding positively to our existing products as well as those we are developing.

Given the proportion of anticipated revenues contracted, and with the sales pipeline growing, we remain confident of our prospects for the remainder of the financial year.”

Read the full results and statement.

Contacts:

About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.

The Company has continued the trading momentum of last year with revenues for the period up 10 per cent on the prior year, in line with management expectations.

Profit has increased substantially on the same period last year reflecting the growth of the business and improved margins. Strong cashflow has also been maintained during the period which is reflected in a net cash position at 31 July 2011 of £0.92 million, up from £0.77 million at 31 July 2010.

Overall, based on current contracts and bids in progress, the Board expects that the Company will meet market expectations for the full year.

Date of interim results announcement

The interim results for the six months ended 31 July 2011 will be announced on Wednesday, 21 September 2011.

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 CONTACTS

This new contract provides 20 months of implementation support for roll-out of the eg operational intelligence^® software suite to provide historic, real-time and predictive Operational Management Information to a further 1100 users.  The implementation will be undertaken in phases with the first phase covering an additional 300 users in Cape Town.  It follows successful implementations in Braamfontein and Pretoria and takes the total number of current users to 700 with potential to increase this to up to 1500 users over the 20 month implementation period.

Elizabeth Gooch, Chief Executive Officer, commented: “This latest contract win is the result of eg operational intelligence^® delivering significant benefits to the customer since October 2009.  It demonstrates how eg’s growth is sustained through strong relationships with existing customers and the performance of our products, as well as winning new customers.”

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CONTACTS

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CONTACTS

About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.

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CONTACTS

About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.

The Board of eg solutions plc announces that at the Annual General Meeting held today all resolutions were duly passed.

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CONTACTS

About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.

“The strong financial performance achieved by eg for the year ended 31 January 2011 reflects the Company’s strong position in the emerging back office optimisation software market, and I am delighted to report that last year’s trading momentum is continuing.

Over the past four months, we have mainly focused on delivering the projects won last year, particularly in the UK and South Africa, whilst integrating Nuqleus 3D, the real-time data capture product acquired with Xtaq, into eg’s core software product suite.

In the UK, having reorganised and expanded our sales team, we are building our order pipeline with new and existing customers.  We expect this activity to result in new project wins over the coming months.

Overall, approximately 60 per cent of anticipated revenues for the current year are already contracted.

Our continued growth in revenues and profits, and continued focus on controlling costs, is reflected in a significant increase in our cash balance, currently standing at £1.3 million (as at 7 June) compared to £0.7 million at the time of last year’s AGM (26 May 2010).  Our strong balance sheet and cash flow will enable us to continue to fund investment in the business.

Underpinning eg’s success are robust products which are used by a growing number of customers, all of whom have indicated that they would recommend the Company to others.  On 12 May 2011, at a showcase of the Company’s back office optimisation products held in London, eg’s market assessment and position was further endorsed by Donna Fluss, President of DMG Consulting and the leading authority on the global back office optimisation market.  According to DMG Consulting, the value of this market is expected to grow from $137 million in 2011 to $557 million in 2014, with eg currently having the most complete suite of back office optimisation software products available to address the market.

Andrew McRae steps down with effect from today as a director of the Company and, on behalf of us all, I would like to thank him for his strong commitment and contribution over the past five years and to wish him well for the future.

We are delighted that Phil Lee has joined the Board as a non-executive director with Board finance responsibility.  His broad financial services experience, which includes positions with three eg customers, will be invaluable to us.

Overall, we are confident that we can continue to deliver profitable growth for the current year and beyond.”

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CONTACTS

About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.

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As set out in Note 33 to the Company’s financial statements for the year ended 31 January 2011, Ms Gooch has used the net proceeds of the share sale to repay the Director’s loan in full. Following this transaction, Elizabeth Gooch now has a beneficial interest in 7,629,720 ordinary shares of 1 pence representing 53 per cent of the total issued share capital of the Company.

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About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.

Aged 55 years, Mr Lee has been a Board Director of Co-Operative Financial Services, with responsibility for Integration and Change, following the merger with Britannia Building Society in August 2009.  He joined Britannia Building Society as Group Finance Director in 2002 until his appointment in January 2008 as Managing Director Britannia Capital Investment Group consisting of four subsidiaries, Platform (intermediary lender), WMS (mortgaging servicing), Britannia Commercial Lending and Britannia Treasury Services.

Other senior positions held by Mr Lee are:

• 1998 to 2002 – Finance Director, West Bromwich Building Society.
• 1993 to 1998 – Head of Finance, Bristol & West plc (formerly Bristol & West Building Society).
• 1991 to 1993 – Head of Finance, Somerfield plc.

A chartered accountant, Phillip Andrew Lee qualified in 1983 with Ernst & Young where he worked in London and Bristol.  Prior to joining Ernst & Young in 1981, he worked in the National Audit Office (1978-1981) having worked for Wigan Metropolitan Borough Council (1975-1978).  He is a maths graduate from Imperial College London.

There are no other disclosures required under Rule 17 Schedule 2 (g) of the AIM Rules.

Andrew McRae, Non-Executive Director will not seek re-election at the AGM due to his increasing international commitments.

Rodney Baker-Bates, Non-Executive Chairman, commented:

“We would like to thank Andrew for both his strong commitment and contribution during his 5 years as a director, including the last 2 years as interim finance director which have seen substantial change at eg.  His executive responsibilities, now in Australia, prevent him continuing in his Board role.  We wish him every success for the future.

“We are delighted that Phil has joined the Board.  He knows eg well having been a customer with three companies.  His knowledge and experience of the financial services industry, including successful integration of acquisitions and implementation of major IT projects, will be invaluable to us.  We look forward to working with him as a colleague.”

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CONTACTS

About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.