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2006 Interim Results

Sanderson Announce 2006 Interim Results

Repositioned to deliver further growth

SANDERSON GROUP PLC

Sanderson Group plc (‘Sanderson’ or ‘the Group), an established provider of software and IT services to UK commercial markets focusing on manufacturing and multi-channel distribution, announces interim results for the six months to 31 March 2006. The Group provides software and IT services to businesses with annual turnovers typically between £5million and £250million.

Key Points

Turnover of £7.435million (2005: £7.897million)

Adjusted operating profit of £1.233 million* (2005: £1.317million)

Operating profit of £0.251m (2005: loss of £0.378m)

Profit before tax of £0.283million (2005: £1.024million loss)

Gross margin increased 6% reflecting favourable sales mix; recurring revenues increased to 56% of sales

Net debt at period end was £3.2million; capacity for further strategic acquisitions

Interim Dividend of 1.1p per Ordinary 10p Share (2005: 1.1p)

Adjusted earnings per share – basic 2.21p (2005: 1.62p#); diluted* 2.11p (2005: 1.56p#)

Unadjusted loss per share, basic and diluted 0.19p (2005 restated: 2.35p)

Megabyte Limited (now trading as Sanderson Retail Systems) acquired in February performing well
* Before amortisation, exceptional administrative expenses and LTIP charges
# Adjusted for the effect of pre-admission share structure

Commenting on the results, Executive Chairman Christopher Winn said:
“The acquisitions of Sanderson Retail Systems and PCSL in the last twelve months have provided the opportunity to reposition the Group, which now addresses two principal market sectors – Multi-Channel Sales and Manufacturing. Further acquisition opportunities are being actively developed.”

On prospects, Mr Winn added:
“The Board is encouraged by the trading performance of the Group in the second quarter to 31 March 2006, and there is a strong pipeline of sales prospects entering the second half year, some of which have already been converted into firm orders. The Board anticipates a satisfactory outcome for the current year.”

Enquiries:
Christopher Winn, Executive Chairman
Tel: 02476 555466
David O’Byrne, Group Managing Director
Tel: 01709 787787

Paul Vann, Winningtons Financial
Tel: 0117 920 0092

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