Trading Update

Torex Retail PLC
07 July 2005

7 July 2005

                                Torex Retail Plc

                                 Trading Update


Torex Retail Plc ('Torex Retail' or 'the Group'), is pleased to announce a
positive update on trading for the six months ended 30 June 2005.


This reflects a strong organic performance in all areas of the Group, including
new LUCAS contract wins totalling approximately £10 million.


LUCAS

  • New sales success for LUCAS, the Group's market leading JAVA based
    electronic point of sale (EPOS) solution, with a number of significant
    contract wins with major international retailers including Deichmann, Reiss
    and Esprit and UK based retailers including RD Scott, Co-op Home Stores and
    Mitsukoshi. In addition, LUCAS has now been installed in over 40 stores and
    more than 150 lanes in the UK and Ireland, with more planned for the next
    few months. These installations will now act as excellent reference sites
    for our large prospect pipeline.



PERFORMANCE MANAGEMENT PRODUCTS

  • Significant new wins for SMARTDECISION, the Group's merchandise planning
    product, including Ann Taylor in America, Modelo Continente in Portugal
    (part of the €1.6 billion turnover Sonnae Group) and Littlewoods and Oldrids
    in the UK.



PETROLEUM & CONVENIENCE

•         A new £3.3 million contract for the Petroleum and Convenience
division, to install its market leading PoS solution 'Iridium' and back
office system 'Prism' into 225 stores across the UK.


BUSINESS DEVELOPMENT

Alphameric Retail, which was acquired in November 2004, is now fully integrated
into Torex Retail, ahead of schedule.



Through RSS, which was acquired in May 2005, we are achieving real momentum and
are already making strong progress in gaining greater penetration of the US
market, the largest market in the world for retail systems.




In addition, we are currently working towards finalising the recommended offers
for XN Checkout Holdings plc and Anker plc. Both of these businesses meet with
our strategic goal of ultimately becoming a global market leader and in
particular are expected to be earnings enhancing. This statement regarding
earnings enhancement does not constitute a profit forecast nor should it be
interpreted to mean that earnings per share of Torex Retail for the current or
future years will necessarily match or exceed the historical published earnings
per share of Torex Retail.



INTERIM RESULTS

The Board intends to announce results for the six months ended 30 June 2005 in
late September and expects these results to be consistent with full year
management expectations.  The Group continues to enjoy a high level of revenue
visibility, based on strong recurring revenues from its blue-chip customer base.
This, coupled with its new business pipeline, gives the directors confidence
about the Group's prospects for 2005 and beyond.



Chris Moore, Chief Executive, Torex Retail Plc, comments:



'I am delighted with the progress we have made in all areas of our operations
during the first half of this year. The cyclical upturn in the market is now
gathering momentum, most notably evidenced by our significant new contract wins
for LUCAS. Coupled with this, our accelerated growth plan through acquisitions
is already positioning us such that we are currently in discussions with some of
the world's largest retailers as potential customers, both in Europe and the
USA.



Enquiries:

Torex Retail Plc                              0870 050 9900

Chris Moore, Chief Executive

Richard Thompson, Group Finance Director



Citigate Dewe Rogerson                        020 7638 9571

Ginny Pulbrook / Seb Hoyle


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