Prospects

Despite the challenges in the wider economy and the continuing pressures on public sector spending, trading conditions have remained favourable across the Group. At 30 June 2008, our total committed income was £133m, up from £124m at the start of the year. The forward pipeline
of opportunities remains encouraging.

We continue to invest in new products and services and to increase our business development activity, and we will be focusing on opportunities in the UK and overseas where our domain expertise and breadth of capability provide us with a competitive advantage. We remain committed to delivering our medium-term financial goals of double digit increases in revenue and a progressive improvement in margins. We continue to review acquisition opportunities that will strengthen or complement our current offering.

Trading across the Group continues to be in line with our expectations. The Board remains confident about the Group’s prospects for the second half of the year and its ability to deliver further progress in 2009 and beyond.

Peter Martin
Chief Executive

19 August 2008