Trading Statement

QinetiQ Group plc
31 March 2006


                  QinetiQ Group plc - Pre-Close Trading Update

31 March 2006

QinetiQ Group plc, the international defence and security technology company,
today issues the following trading statement covering the period from its IPO on
10 February to 31 March 2006. The company's full year results will be announced
7 June 2006.

The Board is pleased to confirm that the Group continues to trade in line with
expectations at the time of the IPO.

The Defence & Technology Sector (D&T) has finished the year well with its usual
strong fourth quarter. In March the MOD announced that QinetiQ had been selected
as the preferred bidder for the 20 year CATS (Combined Aerial Target System)
managed services contract, enhancing the service currently provided under the
LTPA contract. Positive progress also continues to be made on the Defence
Training Rationalisation (DTR) opportunity where QinetiQ's consortium has been
down-selected on both 25 year packages. The preferred bidder decision on DTR is
currently expected in the autumn of 2006.

The Security & Dual Use Sector (S&DU) has performed strongly in the period, with
a positive contribution from Verhaert since its acquisition in September 2005.
The portfolio of new commercialisation opportunities continues to be developed.
The latest example is a 19.9% interest in Stingray Geophysical Limited, a
seismic oil field monitoring company, into which QinetiQ provides IP and ongoing
technology services and into which our venture capital partners will inject up
to £6.6 million of cash funding.

QinetiQ's North America Sector (QNA) continues to bed down successfully within
the Group. During the last quarter, Talon shipments from Foster Miller have
continued as expected while, as trailed in the IPO Prospectus, Westar has
completed the acquisition of SimAuthor, a small flight simulation company.
Apogen continues to make progress in managing ongoing delays in obtaining
security clearances for new recruits to staff recently won contracts with the
Department of Homeland Security.

QinetiQ's operating cash conversion remains strong and has been further enhanced
by the £24.7 million sale of surplus buildings on the perimeter of the
Farnborough site earlier this week, generating an immediate cash inflow of over
£18 million. Following receipt of the £45 million indemnity from MOD, a total of
£95 million in additional contributions has been made in the second half of the
year to reduce the Group's pension fund deficit.

The Board is looking forward to QinetiQ's first full year as a public company
with confidence.

For further information please contact:
Nicky Louth-Davies
Head of Media and Corporate Affairs
QinetiQ
T: [phone]
www.qinetiq.com




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