AGM Statement

Microgen PLC
11 May 2006


MICROGEN

Information Management Solutions


www.microgen.co.uk

11 May 2006

For release at 7-00am

                    
                       AGM Trading and Business Update


At the Company's Annual General Meeting to be held at 9-00am this morning,
Martyn Ratcliffe, Non-Executive Chairman, will provide the following update on
trading and business in the first part of the current financial year :



'Trading performance in the first four months of the year is in line with the
Board's expectations.



In the past month Microgen has launched three key software products for the
Financial Services Sector:

     •    Microgen Cortex+ which is the next generation core banking
          derivatives product, primarily focused on commodities markets;

     •    Microgen Socrates+ which is the next generation fund management
          performance measurement product; and

     •    Microgen Hestia, which provides on-line wealth management services,
          is a new product which extends the Group's software offering in this 
          growing market sector.


Cortex+ and Socrates+ are both based on Microgen's core architecture product,
Microgen Aptitude, which is a composite application, a product category
increasingly being recognised by independent analysts as a key enabler for next
generation application development.



In addition, there have been two notable recent developments:



     •    Within the Financial Services Division, Microgen has
          extended its partnership with SAP AG to deliver Compliance, Financial 
          Control and Risk Solutions by integrating Microgen Aptitude with SAP 
          Analytical Banking; and

     •    Within the Commercial Division, Microgen has been awarded Catalist 
          supplier status (previously known as S-CAT) in four categories:
          IS Strategy Consultancy, IT Architecture Design, e-business 
          Consultancy and Application Design Consultancy.  This award allows all 
          public sector organisations to procure services through this process 
          and is the first time Microgen has obtained this approval.


In summary, Microgen has started the year satisfactorily and the organic
development of the Group continues to make good progress.'


Contact:

Mike Phillips, Group Finance Director   01252 772312

Giles Sanderson, Financial Dynamics     020 7831 3113






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