IFRS Restatements

Anite Group PLC
05 December 2005


For immediate release                                    Monday, 5 December 2005

                                Anite Group plc

   Restatement of financial information for 2004 and 2005 under International
                     Financial Reporting Standards ('IFRS')

Introduction

Anite Group plc ('Anite' or 'the Group'), the worldwide IT solutions and
services company, today announces its restatement of financial information for
2004 and 2005 under International Financial Reporting Standards ('IFRS').

The Group is required to report its consolidated financial statements under
IFRS, as adopted by the European Union, for all accounting periods beginning on
or after 1 January 2005. For the Group the date of transition is 1 May 2004.
Previously, the Group had applied United Kingdom generally accepted accounting
principles (UK GAAP).

The first financial results under IFRS will be the interim results for the six
months to 31 October 2005, expected to be published on Thursday 8 December 2005.

Impact of IFRS

Whilst the introduction of IFRS has no impact on the underlying cash flows of
the business, the areas of accounting that will have the most significant impact
on the Group's financial statements are as follows:

  * The treatment of goodwill
  * Employee share based payment arrangements
  * Other employee benefits - holiday pay liabilities
  * Development expenditure
  * Software licences
  * Deferred tax
  * Assets held for sale

The following table summarises the impact of the adoption of IFRS on the Group's
profit after tax for the 6 months ended 31 October 2004 and year ended 30 April
2005.

                                                           
                                        6 months      Year    6 months      Year
                                           ended     ended       ended     ended
                                        31.10.04   30.4.05    31.10.04   30.4.05

                                                                 Basic EPS
Reconciliation of profit for the period    £'000     £'000
--------------------------------------------------------------------------------

Profit after tax under UK GAAP             6,861     1,755        1.9p      0.5p
IFRS adjustments
  Goodwill amortisation and impairment     2,894     4,962        0.8p      1.3p
  Capitalised development costs              387     1,068        0.1p      0.3p
  Share based payments                     (412)     (872)      (0.1p)    (0.2p)
  Holiday pay                                 44      (101)         -         -
  Deferred taxation                          (78)     (155)         -         -
--------------------------------------------------------------------------------
                                           2,835     4,902        0.8p      1.4p
--------------------------------------------------------------------------------
Profit after tax under IFRS                9,696     6,657        2.7p      1.9p
--------------------------------------------------------------------------------


The impact of the transition on key operating performance measures is as
follows:

                                                  6 months ended    Year ended
                                                        31.10.04       30.4.05

Reconciliation of profit on ongoing businesses(1)          £'000         £'000
--------------------------------------------------------------------------------

Underlying profit on ongoing businesses(1) 
under UK GAAP                                              7,695        17,813
IFRS adjustments

  Capitalised development costs                              387         1,068
  Share based payments                                     (412)         (872)
  Holiday pay                                                 44         (101)
--------------------------------------------------------------------------------
                                                              19            95
--------------------------------------------------------------------------------
Underlying profit on ongoing businesses(1)
under IFRS                                                 7,714        17,908
--------------------------------------------------------------------------------

Utilisation of contract provisions                         3,000         5,634
--------------------------------------------------------------------------------

Underlying profit on ongoing businesses(2)
under IFRS                                                10,714        23,542
--------------------------------------------------------------------------------

Underlying profit on ongoing businesses(2)
under UK GAAP                                             10,695        23,447
--------------------------------------------------------------------------------

(1) Ongoing businesses - profit before interest and tax and goodwill impairment,
    disposed and discontinued operations, utilisation of contract provisions.

(2) Ongoing businesses - profit before interest and tax and goodwill impairment,
    disposed and discontinued operations but after utilisation of contract
    provisions.

The effective tax rates for the six months to 31 October 2004 and for the year
to 30 April 2005 on profits before goodwill impairment are slightly increased,
principally due to the deferred tax on share based payments.

A full restatement of financial information for 2004 and 2005 under
International Financial Reporting Standards ('IFRS') is available to download
from Anite's website at www.anite.com. Copies are available on request from The 
Company Secretary, Anite Group PLC, 353 Buckingham Avenue, Slough, Berkshire, 
SL1 4PF (Tel: [phone]).
In addition copies of the full restatement will be available from the document 
viewing facility of the United Kingdom Listing Authority which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Telephone No: 020 7066 1000


Commenting on IFRS, Christopher Humphrey, Anite's Group Finance Director,
stated:

'The transition to IFRS will leave cash flows unaffected, banking arrangements
unaffected, our ability to pay dividends or undertake share buy-backs unaffected
and Anite's underlying operational performance unaffected.'



For further information, please contact:                     www.anite.com
Anite Group plc                                              01753 804000
Christopher Humphrey, Group Finance Director
Smithfield                                                   020 7360 4900
Reg Hoare/Sara Musgrave

  A conference call for analysts to discuss this announcement will be held at
                              9.30am this morning.
                        Dial in details are as follows:
                         0870 22 33 420 PIN NO: 012982



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