Axon Group plc, a leader in the delivery of Business Transformation programmes for large organisations that use SAP as their strategic platform, today announced that the Group's results for the year ending 31 December 2006 will exceed current market expectations.

Mark Hunter, Chairman and CEO, commented:

'This year we have made great strides in becoming the leading independent provider of SAP-enabled Business Transformation services in the world. Our UK business has continued to have an exceptional performance which, despite significant investment in our US operations, means that we will deliver FY2006 revenues and profits(*) of no less than £135m and £21m respectively. We are now looking forward to 2007 with a good order book, a healthy pipeline and we are on track to meet market expectations for next year.'

* Profit before tax excluding amortisation of intangible assets on acquisition, share-based payments, restructuring and exceptional costs.

For further information please contact:

Axon
Mark Hunter/Iain McIntosh 01784 480 800

Bell Pottinger Corporate & Financial
Geoff Callow/Chris Hamilton 020 7861 3232 / 07870 257276