Final Results

Anite Group PLC
4 July 2001

Embargoed until 7am

Wednesday 4 July 2001

                          ANITE GROUP PLC ('ANITE')

              PRELIMINARY RESULTS FOR THE YEAR TO 30 APRIL 2001

Anite Group plc ('Anite' or 'Group'), the European IT consultancy and services
company, today announces preliminary results for the year ended 30 April 2001.


Highlights

o        Profit before tax* up 51% to £20.7m (2000: £13.7m)

o        Earnings per share* up 41% to 5.5p (2000: 3.9p)

o        Excluding the IT Personnel business, operating margin improves by 47%
         to 13.5% from 9.2%

o        Turnover in core businesses up 49% to £162.7m (2000: £109.0m)

o        Strong organic growth in core businesses

o        Operating results, before goodwill for continuing businesses were:



Consultancy      turnover up 26% to £73.1m,  operating profits up 55% to £8.8m

Public Sector    turnover up 105% to £38.0m, operating profits up 38% to £2.2m

Telecoms         turnover up 83% to £29.5m,  operating profits up 102% to £7.7m

Travel           turnover up 34% to £22.0m,  operating profits up 45% to £3.2m


o        The sale, after the year end, of the majority of the IT personnel
         business marks the final stage of Anite's programme of disposal of non-
         core businesses

*Adjusted for goodwill amortisation and exceptional items

Operating profits referred to within this announcement exclude goodwill
amortisation.


Commenting on the results John Hawkins, Chief Executive, said:


'Overall our core markets are performing positively and our business is now
well balanced and geographically diversified.

'I am confident that by pursuing our current strategy and increasing the
percentage of managed services through our own applications, we will continue
to deliver above average growth in the current year.'


For further information, please contact:              Photos available at
                                                       www.newscast.co.uk

Anite Group plc                                             www.anite.com
John Hawkins, Chief Executive                  On 4th July: 020 7324 8888
Simon Hunt, Finance Director                    Thereafter: 0118 945 0129

Golin/Harris Ludgate
Reg Hoare/Laurence Read                                     020 7324 8888

Chairman's Statement

I am pleased to report that 2000/01 was another year of outstanding progress
and financial performance for Anite.  Notably, basic earnings per share
(before amortisation of goodwill and exceptional items) grew by 41% and
excluding the IT Personnel business, the operating margin from continuing
businesses grew 47% to 13.5% from 9.2% last year.

Over the past three years Anite's basic earnings per share compound annual
growth rate has been 36%.  We believe that the Group is well placed to deliver
growth into the future with the same strategy and management style that has
provided the growth and led to upper quartile margin performance in the FTSE
software and computer services sector.

Growth of the business at this pace has required a significant strengthening
of the management teams responsible for the strong growth achieved and all our
employees have responded to and embraced the challenges that this high growth
brings.



Strategy

Our strategy for growth continues; operating profits have grown from £2.4m to
£20.7m in three years. As stated when we released our interim results in
January 2001, the Board has decided not to pay dividends this year, but rather
to reinvest these funds in our business and core strategy.


Acquisitions and disposals

During 2000/01 we made a number of acquisitions, which are detailed in the
Chief Executive's review of operations and, after the year end, sold 80.1% of
our IT personnel business, our last remaining non-core activity.


People

I welcome the employees who have joined the Group during the year. We now have
more than 1,900 staff; we believe each team member makes a valuable
contribution to our success and I thank them all for their hard work, which
has helped the Group profits to grow by 51% during the past 12 months. At
Group board level we are actively seeking a third non-executive director to
join the Board.

We believe the award of options to Anite management and employees has been a
major contributor to growth in the past three years. We have granted 21.7m
options during this period. In order to provide adequate incentives for
achievement of the ambitious Group growth targets in the next three years,
proposals to increase option scheme headroom will be made at the AGM on 5
September 2001. In addition, a new Inland Revenue approved option scheme will
be proposed.

Outlook

Overall the Group performed strongly during the year and we are confident of
another highly successful 12 months.

Alec Daly
Chairman


Chief Executive's review of operations

Anite, a FTSE 250 and TechMark 100 company, provides a range of services from
IT consultancy and software products, to systems integration, solutions
delivery and managed services, to four principal markets: telecoms, travel,
public sector and finance.

Revenue from our core markets grew by 49% to £162.7m. Our telecoms and travel
solutions businesses were particularly impressive.  Group profit before
goodwill amortisation, exceptional items and tax increased by 51% to £20.7m.

This excellent performance is the result of:

o        a clear and consistent strategy;

o        strong organic growth combined with successful earnings-enhancing
         acquisitions;

o        sound operational disciplines;

o        a strong decentralised management team; and

o        excellent people.


Consultancy

The Group's 1,000 consultants deliver pan-European IT consultancy services.
They provide specialised industry knowledge to the banking, public sector,
travel and telecoms markets as well as specialised IT skills in Oracle, SAP,
Enterprise Resource Planning ('ERP'), security, data warehousing and
supply-chain management.

In the past three and a half years, we have grown the revenue of our
consultancy business from nil to £73.2m, and this year have achieved £8.8m
operating profit before tax. We won significant new projects during 2000/01
and expanded our geographic presence. Our consultancy practice covers the main
European IT markets of France, Germany, Benelux and the UK.

In July 2000, we extended our coverage of these markets when we acquired
Datavance, a Paris-based e-consultancy, for £51.4m. At the time of the
acquisition, Datavance was increasing its turnover at more than 50% a year and
had much of its activity focused on global blue-chip banking and
telecommunications clients. Between completion and the year end, Datavance
increased the number of its consultants from 280 to 365, and contributed £16m
revenue and £2.2m profit to our operations.

In Germany, our banking practice, which was rebranded from BIV to Anite,
continued to perform extremely well.  It produced margins of 13% as it
continued to provide services to the major German banks.

During a difficult year for GMO, our ERP consultancy practice, we
restructured, rebranded it as Anite and made a significant reduction in
non-fee earning staff. By refocusing the business and introducing new
e-commerce skills we have ensured that it is now in a good position to
increase the number of its consultants and improve growth in the year ahead.
In February 2001, we agreed the basis on which to increase our holding in the
share capital of GMO Management Consultancy (GMO MC) from 75% to 100%. GMO MC
provides strategic consultancy services to the German utilities and public
sector market and is complementary to our IT consultancy businesses.

In Benelux, Q&R, now re-branded as Anite Benelux, continued to prosper and to
maintain its strong relationships with major banks, utilities and public
sector clients. The company's range of consultancy application management and
managed services, combined with a particular emphasis on Oracle skills,
provides a strong platform for future growth in Holland, Belgium and
Luxembourg.

Bert Renes, the entrepreneurial leader and founder of Q&R, sadly became ill
during the year, but this has not softened his resolve to help us fully with
the continued development of our Benelux operations. We are grateful to Bert
and his management team for their fortitude and leadership during this
difficult time.

Our public sector business, Anite Public Sector, offers services, which cover
social services, revenue, benefits and housing applications, principally in
the UK. Major government initiatives for 'joined-up' local and central
government and e-government have given us leadership in the local government
market. By providing a range of services we increased sales in our government
consultancy business to £10m.  Anite Public Sector has grown its sales from £
7m two years ago, to £38m this year and generated operating profits before tax
of £2.2m.

We acquired ICL's local government applications business and the ICL Pericles
product for up to £13m, in March 2001, and this establishes a strategic
relationship with ICL. Shortly after the year end, we entered into a reseller
agreement with the Cedar Group in respect of their financial systems software.
Anite Public Sector now dominates this market. We have made a considerable
investment in integrating these solutions and in providing a platform to offer
public sector clients a complete managed services solution and a 'one-stop
shop' for major applications.

Business Computer Technology Limited (BCT) was purchased in April 2001 for £
1.35m. Based in Glasgow, BCT develops, supplies and maintains software
applications for the management of corporate debt in local government.



Solutions

We balance our consultancy business with global repeatable software solutions,
which are focused on the wireless, telecoms and travel markets. These
businesses have primarily been grown organically and we have made dramatic
progress through our strategy of focusing individual business managers on
achieving enterprise value growth and profit growth in their respective
businesses.



Telecoms

The telecoms group, which provides solutions to mobile phone manufacturers and
network operators, has doubled its profits for each of the past two years. It
employs 210 people and has bases in Fleet (UK), Chicago (USA) and Tokyo
(Japan), and will soon open an office in China.

Anite Telecoms, which works with hardware partners such as Ubinetics, Racal
and Spirent, effectively simulates, in software, the wireless networks and
technologies of Global System for Mobile Communications (GSM), General Packet
Radio Services (GPRS) and third generation (3G) networks. The software, which
enables wireless device manufacturers to bring new products to market much
more quickly and reliably, is considered to be critical to the mobile phone
industry.

In 2000/01 we increased our investment in telecoms R&D from £2m to £3.5m to
ensure that we maintain our leadership in this sector. Our investment has
enabled us to provide a new range of testing solutions for GPRS and 3G
technologies, and to design a new range of products to help network operators
become more efficient and profitable. This investment, combined with our
aggressive acquisition and partnership strategy, means that we now have a
range of IP billing, least-cost routing, asset management and network
efficiency products which we will offer to network operators from next year.

A major addition to our telecoms business was Calculus Solutions Limited,
which we acquired in December 2000 for up to £50m (including earnout).
Calculus is a young and vibrant company whose turnover is growing rapidly. It
gives us access to the fast-growing billing and interconnect cost management
sector for telecoms operators the total market for which is estimated to be
worth more than £3bn. It made a contribution to Group profits in the first
four months of trading as part of the Anite Group. Opera, the company's IP
billing product, provides wholesale, retail, event and IP billing solutions to
network operators.

In November 2000 we acquired Syzygy Solutions Limited for up to £3.7m. Syzygy
provides cost analysis tools for telecom operators.

In April 2001, we acquired over 99% of the issued share capital of Delta
Partners SA, a Toulouse-based company which develops and delivers discrete
telecoms software and consultancy services, for up to £2.15m. Delta owns
NetQUAD, a French market leader in modelling and simulating complex
multi-standard voice and data networks. Having worked in a partnership
relationship with Delta for nine months, we decided that bringing the company
into the Anite Group would further our strategic development by enabling us to
offer an integrated range of Operational Support Systems ('OSS') software
solutions throughout Europe.

Travel

We are an established leader in the provision of global solutions to the
travel market and have proprietary software in the reservation, ferry and
cruise markets. Our November 2000 acquisition of Carus Ab in Finland enables
us to provide a modern solution for the ferry reservation market. Opentur, our
Italian travel business subsidiary, provides a travel portal for the majority
of Italian tour operators.

During the year, we launched a managed service which provides
transactional-based applications which generate long-term recurring revenues
from clients who, rather than paying an upfront licence fee, pay on a
fare-paying passenger basis. We also expanded our customer base and created a
large number of fully bookable holiday websites for major tour operators under
the strapline 'look, hook and book it'.

Management philosophy

Our philosophy is to encourage strong decentralised management and to create
businesses which are dedicated to our core markets. These businesses develop
applications and maximise the sales of repeatable solutions on a global basis.

We sell applications, where appropriate to do so, through our consultancy and
services business, which has bases in Benelux, France, Germany, Italy and the
UK.

The management of each business is challenged to grow profits and to increase
its value. Since we believe that share ownership is a key motivator for staff,
we have introduced SAYE schemes in Benelux, France, Germany and Italy, to
mirror those already in place in the UK, and plan to make similar arrangements
for Japan and the USA.

Our management's most important qualities are its flexibility, its ability to
grow businesses organically and its aptitude in acquiring and successfully
motivating new businesses.

Strategy

Our strategy, which has remained constant for the past four years, is to
establish a consultancy and services group which is centred on the telecoms,
finance, public sector and travel markets and to establish global repeatable
software solutions in two of these areas: telecoms and travel.

This strategy helps to create a balance between long-term recurring revenues
from managed services' maintenance of solutions and shorter-term revenues from
an order book generated by our consultancy activities. Unlike a pure
consultancy business, our strategy has enabled us to increase our revenues and
profits without necessarily increasing the number of people we engage.

By focusing on, and creating value in, our core markets, we have been able to
perform strongly in these sectors and to develop long-term, and profitable,
relationships with our clients. Our ability to retain customers has resulted
in approximately 75% of our revenues coming from recurring business. This,
combined with our determination to withdraw from low-margin hardware sales and
non-core businesses, has enabled us to improve our operating margins from 4.8%
to 13.5% in the last three years.

Over the three years ending 30 April 2001, we have made 22 acquisitions and
have increased profits before tax from £2.4m to £20.7m (before exceptionals
and goodwill amortisation). During the same period, compound earnings per
share growth exceeded 35% pa, whilst the increase in share capital was 11%
(based on the average number of shares in issue during the year). We finished
the financial year with a positive cash balance of £13.9m.



Outlook

In the Solutions area, our Telecoms testing business is trading strongly,
including strong initial 3G-order intake.  We have commenced marketing a range
of new products for the Network operators, including the Calculus billing
systems.  Within the Public Sector we have created, over a 3 year period, the
strongest force within the local authority sector.  In the current year we
expect to see continued growth with improving margins.  The Travel division
has strengthened its position by winning further major contracts, and 40% of
its business now comprises contracted revenue.

In our Consultancy business, progress is being led by France and our German
banking practice.  Our Benelux and German ERP businesses will benefit from a
reduced overhead structure going forward.

Overall our core markets are performing positively and our business is now
well balanced and geographically diversified.

I am confident that by pursuing our current strategy and increasing the
percentage of managed services through our own applications, we will continue
to deliver above average growth in the current year.

John Hawkins
Chief Executive




Anite Group plc
Consolidated Profit and Loss Account
For the year ended 30th April 2001

                                                               2001        2000
                                                              £'000       £'000
Turnover
Existing operations                                         143,278     108,972
Acquisitions                                                 19,452           -
Continuing operations                                       162,730     108,972
Discontinued                                                 29,688      50,004

Total Turnover                                              192,418     158,976

Cost of sales                                             (116,740)   (104,979)
Gross profit                                                 75,678      53,997
Net operating expenses                                     (67,795)    (47,405)
Operating expenses before goodwill                           53,634      40,408
amortisation
Goodwill amortisation                                        14,161       6,997

Operating profit
  - Existing operations (including goodwill of               10,256       6,349
     £8,548 (2000: £6,997))
  - Acquisitions (including goodwill of                     (2,451)           -
    £5,613)
  Continuing operations                                       7,805       6,349
  Discontinued (including goodwill of £Nil                       78         243
   (2000: £Nil))
                                                              7,883       6,592

Share of associate's operating loss                           (201)           -
(Loss)/profit on sale/closure of discontinued               (9,535)         425
operations                                                    
Profit on sale of tangible fixed assets                      10,123           -

Profit on ordinary activities before interest                 8,270       7,017

Finance charges - net                                       (1,174)         154
Profit on ordinary activities before tax                      7,096       7,171

Tax on profits on ordinary activities                       (5,756)     (3,969)
Profit on ordinary activities after tax                       1,340       3,202

Minority interests                                            (262)           -
Profit for the financial year                                 1,078       3,202

Dividends paid                                                 (49)       (750)
Retained profit for the year                                  1,029       2,452

Earnings per -          Basic                                  0.4p        1.3p
share                                                               
             -          Diluted                                0.4p        1.3p

Earnings per     Excluding amortisation of
share            goodwill and exceptional items
             -          Basic                                  5.5p        3.9p
                        Diluted                                5.3p        3.9p


Consolidated Statement of Total Recognised Gains and Losses
for the year ended 30th April 2001

                                                               2001       2000
                                                              £'000      £'000

Profit for the financial year - Group                         1,279      3,202
                              - Associate                      (201)         -
                                                              1,078      3,202
(Loss)/gain on foreign currency translation                  (1,807)       960
Total recognised  (losses) and gains relating to the year      (729)     4,162

                                             2001      2001      2000      2000
                                            £'000     £'000     £'000     £'000
Fixed assets
Goodwill                                            188,217              74,555
Intangible assets                                       587                 737
Tangible assets                                       9,107              11,489
Associates                                            1,016                   -
Other investments                                       850                 322
                                                    199,777              87,103
Current assets
Stocks                                      5,286               6,929
Debtors                                    56,039              41,012
Short term deposits                         9,473                   -
Current asset investments                     297                   -
Cash at bank                               16,578               4,474
                                           87,673              52,415

Creditors: Amounts falling due within one (95,246)            (57,611)
year
Net current liabilities                              (7,573)             (5,196)

Total assets less current liabilities               192,204              81,907

Creditors: Amounts falling due after more            (1,396)             (1,935)
than one year

Provisions for liabilities and charges              (41,739)            (43,609)
Net assets                                          149,069              36,363

Capital and reserves
Called-up share capital                              27,929              25,051
Share premium account                                44,837               5,901
Shares to be issued                                  63,158                   -
Other reserves                                          292                 292
Profit and loss account                              12,506               5,034
Shareholders funds                                  148,722              36,278
Minority interests                                      347                  85

Total capital employed                              149,069              36,363


Shareholders' funds may be analysed as:
                                                       2001                2000
                                                      £,000               £'000

Equity interests                                    148,672              36,228
Non-equity interests                                     50                  50
                                                    148,722              36,278


                                                       2001                2000
                                                      £'000               £'000

Net cash inflow from operating activities            31,264               2,044

Returns on investments and servicing of finance      (1,190)                402
Taxation                                             (2,414)             (1,480)
Capital expenditure and financial investment          9,324              (4,337)
Acquisitions and disposals                          (33,545)             (4,516)
Equity dividends paid                                  (799)               (737)
Cash inflow/(outflow) before management of liquid     2,640              (8,624)
resources and financing
Management of liquid funds                           (9,473)              3,000
Financing                                            23,518                (198)
Increase/(decrease) in cash in the year              16,685              (5,822)



1.The financial information set out below does not constitute the Company's
statutory accounts within the meaning of S240 of the Companies Act 1985. The
statutory accounts for the Company for the year ended 30 April 2000 have been
delivered to the Registrar of Companies. The auditors' report on those
accounts was unqualified and did not contain any statements under Section 237
(2) or (3) of the Companies Act.

The auditors have yet to give their opinion on the accounts for the year ended
30 April 2001. These accounts have been prepared using the same accounting
policies as in the 30 April 2000 statutory accounts and will be delivered to
the Registrar of Companies following the Annual General Meeting on 5 September
2001.

2. Reconciliation of operating profit to net cash inflow/(outflow) from
operating activities.

                                                             2001          2000
                                                            Total         Total
                                                            £'000         £'000

Operating profit                                            7,883         6,592
Depreciation                                                3,472         3,493
Goodwill amortisation                                      14,161         6,997
Decrease/(Increase)/in stock                                1,707       (4,978)
(Increase)/decrease in debtors                            (4,181)           703
Increase/(decrease) in creditors                            8,465      (11,272)
(Loss)/Profit on disposal of fixed assets                   (243)           509

Net cash inflow from operating activities                  31,264         2,044

Reconciliation of net cashflow to movement in net funds

                                                             2001          2000
                                                            £'000         £'000

Increase/(decrease) in cash in year                        16,685        (5,822)
Cash (inflow)/outflow  from (increase)/
decrease in bank loan and                                 (11,643)          895
lease financing
Cash outflow /(inflow) from increase in liquid resources    9,473        (3,000)
Exchange movement                                               2           (96)
Change in net debt in the year                             14,517        (8,023)
Net debt at 1st  May 2000                                  (1,091)        6,932
Net debt at 30th April 2001                                13,426        (1,091)


3. Earnings per ordinary share

The calculations of earnings per share are based on the following profits and
number of shares:
                                                              2001         2000
                                                             £'000        £'000

Earnings - profit for the financial year                     1,078        3,202
         - adjust for goodwill amortisation                 14,161        6,997

         - Profit on sale of tangible fixed assets         (10,123)      -
         - Loss/(profit) on sale/ closure of discontinued    9,535         (425)
            operations
      
Profit before goodwill amortisation and exceptional profit  14,651        9,774
Number of shares ('000)

Weighted average number of shares in issue -
 used to calculate                                         266,012      247,626
basic earnings per share
Effect of dilutive ordinary shares
               - Share options                               1,690        2,342
               - SAYE scheme                                 2,149        2,052
               - Contingent consideration                    6,381          124
                                                                            
Number of shares used to calculate diluted 
earnings per share                                         276,232      252,144

4. Dividend paid and proposed
                                                              2001         2000

                                                             £'000        £'000
Underprovision of prior year                                    49            -
Dividend proposed 2001 of nil.(2000:0.3p per ordinary share)     -          750
                                                                49          750