Interim Management Statement and AGM                                                   25/04/08

Axon Group plc, the SAP Business Transformation consultancy, holds its Annual General Meeting at 11:00am today. It is also publishing its interim management statement for the period from 1 January 2008 to date.

Operational Highlights

EMEA
In EMEA, significant developments have included a 10 year transformation partnership contract with Wolverhampton City Council, announced on 20 March, which reinforces Axon's established position in the local government sector. This is the largest ever contract for which Axon has been appointed as prime contractor.

In addition, Axon has recently won the SAP UK Partner Excellence Award for ESOA
(Enterprise Service Oriented Architecture).

Americas
In the Americas, the Group's new client wins include Newell Rubbermaid, Port Authority of New York & New Jersey and Oklahoma City Water Utilities Trust.

Axon was also very pleased to announce recently the recruitment of Steve Peck from SAP as President of Axon's American operations. Steve joins Axon from SAP Americas & Asia-Pacific Japan, where he was Senior Vice President and also served on the CEO council.

Financial performance
The year has started well, with chargeability remaining high and strong performance, particularly on EMEA fixed price contracts.

Commenting on Axon's performance, Chief Executive Steve Cardell said:

'Despite the uncertain macroeconomic environment, trading has been encouraging and we expect first half revenues and adjusted operating profits to be materially above those for the same period last year. Orderbook and pipeline continue to build in both the UK and Americas.'

Axon expects to publish its interim half year results on Tuesday 26th August 2008.

For further information please contact:

Axon
Steve Cardell/Iain McIntosh
01784 480 800

Bell Pottinger
Chris Hamilton/Mike Davies
020 7861 3232/07870 257 276

Notes:

Market consensus of the analyst research notes published since 4 March 2008 for the year to 31 December 2008 are revenues of £233m, adjusted operating profit £37.7m and adjusted profit before tax £37.6m.

Adjusted operating profit is profit from continuing operations excluding amortisation of intangible assets on acquisition and share based payments. Adjusted profit before tax is profit before tax excluding amortisation of intangible assets on acquisition and share based payments.

All financial information is based on unaudited management accounts. Certain statements made in this interim management statement are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results referred to in these forward-looking statements.