AGM Trading Update

microgen

Information Management Solutions

www.microgen.co.uk

12 April 2005

For release at 7-00am

                              AGM Trading Update                               

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

'The year has started well with profitability materially ahead of the Board's
expectations for the quarter. This performance has been driven by continued
high levels of consultancy utilisation across the Group and the ongoing
migration of the payment customer base to BACS-IP.

While the performance in Q1 provides a strong foundation for the year, in
general, customers remain cautious and the Board continues to manage the
business prudently, taking into account this market environment.

With its successful track record of acquisition integration, the Board
continues to explore further merger and acquisition opportunities, particularly
within the financial services sector, that could enhance shareholder value.'

Contact:                                                                       
                                                                               
Mike Phillips, Group Finance Director   01753 847122                           
                                                                               
Giles Sanderson, Financial Dynamics     020 7831 3113                          
                                                                               
Ben Way, Financial Dynamics