Axon Group plc Trading Statement and Change of Director                   30/11/2007

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 2007 will meet current market expectations.

In addition, Mark Hunter will step down from the Board at the year end.

Steve Cardell, CEO, commented:

'This year we have doubled our US business, established a presence in China and become the leading independent provider of SAP-enabled Business Transformation services in the world. We therefore expect to deliver FY2007 profits(*) of no less than £35m and, based upon our strong order book and pipeline, we are comfortable with market expectations for 2008. In the next 2-3 years we will continue to expand our geographic coverage and vertical market expertise in order to become leader in the delivery of global SAP programmes.'

Mark Hunter, Chairman, commented:

'Since Steve joined Axon as the Head of Business Consulting in 2001 he has progressively assumed a leadership position in the business through his appointment as COO in 2004, his creation of our US business in 2005 and his appointment as CEO earlier this year.

It is now over a year since Steve was established as the effective leader of the business, and during this period I have found my own role has effectively reduced to that of a non-executive. Whilst I have had a great 12 years at Axon, my job is now done and it is time to move on to pursue alternative interests. I therefore intend to step down from the Board on the 31st December 2007 and Steve will continue to lead the business whilst Roy Merritt, who has been the Chair of the Audit Committee since 2004, will assume the position of Non-executive Chairman.

It is not without sadness that I leave Axon, but it is time to move on and I am confident that I leave the business in supremely capable hands.'

Roy Merritt commented:

'Mark has done a great job in developing a fantastic business and myself and the Board wish him every success for the future. I now look forward to working with Steve to deliver the next phase of growth.'

(*) Profit before tax excluding amortisation of intangible assets on acquisition and share-based payments.

For further information please contact:

Axon:
Iain McIntosh 01784 480 800
Steve Cardell 01784 480 800

Bell Pottinger Corporate & Financial:
Charles Cook/Mike Davies/Chris Hamilton 020 7861 3232 / 07870 257276

About Axon:

Axon is a Business Transformation consultancy that designs, implements and supports solutions to complex business issues faced by multinational organisations that have chosen SAP as their strategic enterprise platform. Axon has over 1,600 experienced professionals specialising in the delivery of change through technology enabled transformation programmes. Axon's consultants bring in-depth industry expertise alongside best practice functional knowledge to address the strategic, operational, information management and organisation effectiveness challenges faced by organisations today. Axon is renowned for its ability to help clients define more ambitious strategies, build more effective organisations and shape more successful futures.

Founded in 1994, today Axon has offices in the United Kingdom, United States, Malaysia, Singapore, China and Australia.