16.OCT.06 / Announcement

OMG plc, Oxford Metrics Group, the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, announces a trading update for the year ended 30 September 2006.

Trading in the second half of the year has been strong and, as a result, the Board anticipates closing the year with revenues slightly ahead of market expectations and profitability significantly ahead of market expectations.

Nick Bolton, Chief Executive, commented:

“The Group has performed well once again, with strong trading in all of our major markets. Revenues are slightly ahead of our expectations and the positive effect on profit has been more pronounced due to a combination of strong gross margins and continuing cost control. This has been achieved whilst increasing the level of investment in promising new market opportunities in defence and in street-level geospatial imaging. I look forward to updating the market more fully when we publish the full year results in December.”

Results for the twelve months ended 30 September 2006 will be announced on Thursday 7 December 2006.

ENDS

For further information please contact:

OMG plc 01865 261800
Nick Bolton, Chief Executive
Peter Wharton, Finance Director

Financial Dynamics 020 7831 3113
Giles Sanderson / Hannah Sloane