Preliminary Results

GETECH Group plc
30 October 2006



For Immediate Release                                           30 October 2006


                                GETECH Group plc

                              PRELIMINARY RESULTS

                        For the year ended 31 July 2006


                              FINANCIAL HIGHLIGHTS


   •Profit before tax of £1,010,013 (2005: £730,460)

   •Turnover of £3,228,573          (2005: £3,481,743)

   •Earnings per share of 2.65p     (2005: 2.47p)

   •Dividend payment of 0.6p per share (subject to shareholder approval at
    the Annual General Meeting)

   •Total dividend for the year 1.0p per share


                             OPERATIONAL HIGHLIGHTS


   •Securing through the Company's reputation, two R&D projects with a major
    European oil company to a value in excess of £0.5m
 
   •Signing a Memorandum of Understanding with the China Geological Survey
    to market their digital products outside China

   •One complete sale and several part sales of our Global Continental
    Margins Gravity Study

   •Winning the British Chamber of Commerce in Singapore 2005 Award in the
    Category 'Energy and Utilities'.

   •Continued growth of the PSEG with recruitment of technical specialists
    with a range of experience to fill key roles


For further information, please contact:

Derek Fairhead, Managing Director, GETECH Group Plc    0113 343 5240

Colin Glass, Finance Director, GETECH Group Plc        07831 258494

Rob Naylor, Teather & Greenwood                        020 7426 9000

Kelly-Ann French, Buchanan Communications              01943 883990


                           www.getech.com



CHAIRMAN'S STATEMENT

I am pleased to report the inaugural full year results of GETECH Group plc
('GETECH' or 'the Company') as an AIM listed company for the year ended 31 July
2006. GETECH is in the oil services sector specialising in the provision and
interpretation of exploration data and petroleum systems evaluations.


Results

The Company, including its US subsidiary, reported a profit before tax of
£1,010,013 (2005: £730,460) after interest receivable of £140,124 (2005:
£33,126) on a turnover of £3,228,573 (2005: £3,481,743). The post tax profit was
£733,560 (2005: £534,140) giving earnings per share of 2.65p (2005: 2.47p)
adjusted.


Admission to AIM

On 23 September 2005 the Company was admitted to AIM, simultaneously raising £3m
for the Company from a share issue at 39p. Prior to Admission and also at
Admission, share options under an Enterprise Management Incentive Scheme and an
Unapproved Scheme, were granted to ensure that key management and staff were
appropriately incentivised to deliver shareholder value.


Dividends

As the Company is strongly capitalised and continues to generate cash from its
trading operations, I am delighted to report that your Board intends to pay a
final dividend for the year, subject to shareholder approval at the Annual Gener
al Meeting, of 0.6p per share, to shareholders registered on 10 November 2006.
The final dividend will cost the Company £166,154 and will be paid on 8 December
2006. This dividend, together with the interim dividend of 0.4p per share paid
on 5 May 2006, will bring the total dividend for the year to 1.0p per share,
which is in line with our stated intention to operate a progressive dividend
policy.


Business Review

In my interim report I reminded shareholders that a substantial part of the
Company's turnover tends to be made up of large contracts whose nature and
timing cannot always be accurately predicted. This is still the case but GETECH
continues to broaden its client base both in its core business and through the
steady growth of the Petroleum Systems Evaluation Group (PSEG). The PSEG has
been working throughout the year on a number of projects with a diverse range of
established and newer resource companies in many areas of the world on either a
non-exclusive or proprietary basis. Where the project is on a non-exclusive
basis we expect to make multiple sales of the resultant report. The existing
projects should be completed in the current financial year and new projects are
being commenced in line with expectations. This has resulted in the requirement
to employ additional, highly qualified, staff which was recognised at the time
of our Admission to AIM as a key area of investment. We are confident that under
the leadership of Dr Paul Markwick, this division will continue to grow in the
foreseeable future.

A further consequence of the dependence on a relatively small number of large
projects, is that the gross margin on sales income is highly dependent on the
product sales mix - significant external costs are associated with some sales
but not others. During the year reported upon, the product mix resulted in a
higher gross margin than in the previous year by ten percentage points.

Generally, your Board believes that oil exploration budgets will increase to
reflect the need to replace reserves in the context of a buoyant oil price.
GETECH expects to benefit from this situation, and with its strong balance sheet
and increased profile as a quoted company, it will be in a good position to
exploit opportunities to acquire key data and prove an attraction for the
calibre of geoscientists it requires to develop all aspects of its business.


Premises

GETECH has expanded beyond the capacity of its accommodation on the University
of Leeds campus and the Board recognised that it was vital to find suitable
premises for the anticipated further growth of the business.

I am pleased to report that the Company has exchanged contracts to purchase
freehold premises at Roundhay, north east of Leeds city centre, for £2.5m to
provide superb facilities to cope with our expansion plans. Completion is
anticipated before the end of 2006. In order to avoid the disruption of having
to move again as we expand, the facilities purchased will exceed our immediate
needs and we intend to rent out the surplus accommodation on shortterm leases.
We fully expect the rental received to cover the deposit interest foregone and
we will have an unencumbered asset should we wish to raise funding in the
future.

The new premises will be able to accommodate our staff in excellent working
conditions with modern IT and communications support.


Outlook

Your Board believes there is an exciting future for GETECH given its first class
reputation as a supplier and interpreter of gravity and magnetic data to a host
of blue-chip oil, gas and mineral companies worldwide.

We intend to build on these relationships and develop new ones, and to continue
to recruit the best geoscientists available to enable us to provide an
unrivalled service to our clients.

In addition, having now established ourselves as a quoted company we will be
looking for appropriate acquisitions to enhance the Company's value.

Finally, on behalf of the Board, I would like to thank our employees for their
continued dedication and commitment to the Company.


PETER STEPHENS

Chairman



OPERATING REVIEW


Business Setting

Hydrocarbon exploration is currently experiencing significant investment due to
strong global demand for oil, high commodity prices and the need for oil and gas
companies to replace their depleting reserves. These factors have resulted in
oil and gas companies searching more widely, in fact globally, for new
resources. As a result many companies are entering countries for the first time
and need to come up-to-speed on hydrocarbon exploration opportunities. Our
products and services allow them to do just this in a cost effective manner and
in a way that will help these companies to reduce their exploration risk.

GETECH's products and services in oil and gas consulting have been developed
over 20 years by the compilation of one of the world's most extensive global
gravity and magnetic databases based on a dozen or so oil and mineral industry
funded studies since 1986. These data enable the imaging of subsurface
geological structures based on corresponding changes in rock density (gravity)
and rock magnetisation (magnetic). Careful analysis of such data enables the
mapping of tectonic structures (faults and contacts), calculation of depth of
sedimentary basins and delineation of areas affected by volcanics. Oil and
mining companies license our data when they are evaluating a new exploration
area and/or when they wish to expand their current exploration activities into
neighbouring regions.


Company History

GETECH has its origins as a small research group at the University of Leeds,
Department of Earth Sciences, which in 1986 initiated the compilation of gravity
data for the continent of Africa supported by a group of oil and mining company
sponsors. By 1996 GETECH had amassed a global gravity and magnetic database
through compilation studies covering almost the whole world. GETECH opened an
office in Houston, Texas in 1996, as a separate company, Geophysical Exploration
Technology Inc. In 1999 GETECH Inc acquired the business of Precision Mapping
Inc - further enhancing the Company's data assets. In 2000 GETECH, including
GETECH Inc, spun out from the University of Leeds as a private company
(Geophysical Exploration Technology Limited). The subsequent success of the
business resulted in the flotation of the company on AIM in September 2005 with
a name change to GETECH Group plc. GETECH was the first spin out company from
the University of Leeds to float on AIM.

Close links with its clients and an understanding of their future needs has
encouraged the Company to be innovative and to develop a global strategy that
has resulted in the development of new datasets for the continental margins of
the world and the frontier areas such as Russia and China. In addition GETECH
has developed the PSEG which is a rapidly expanding part of the Company.


Business Activities


GETECH's business is primarily:

   •licensing global gravity and magnetic data to oil and mineral companies;
   •undertaking integrated geophysical interpretation studies; and
   •evaluating the petroleum systems within basins

The first two elements currently contribute to the majority of the Company's
revenue. The third element relates to the PSEG, which provides oil companies
with detailed insights into the key source, reservoir and seal issues relating
to hydrocarbon basins. Since 2004 the group has grown from 2 to 9 staff and
further growth is anticipated during the current year.

Our business success in Southeast Asia, helped by the pro-active marketing
activities of our representative based in Singapore, resulted in GETECH being
awarded 'The British Business Award, 2005 (category Energy and Utilities)'. The
comment by Mervyn Davies of the British Chamber of Commerce in Singapore, who
presented the award, stated ' GETECH stands out as a company which has found its
place by enlarging the boundaries of knowledge and cutting through the fog of
gravity and magnetic data interpretation. The Company has, at the same time,
brought this knowledge into successful commercial application.'

The success of the PSEG has been its ability to integrate traditional and
innovative methods through the latest GIS (Geographic Information System)
technology to help clients reduce exploration risk in frontier areas. Much of
this type of work was traditionally carried out in-house within oil companies.
The PSEG is rapidly establishing its reputation for its quality of work and
expertise and has developed an international portfolio of non-exclusive and
proprietary studies funded by a range of 'super majors' to medium size oil
companies.

One of our particular strengths which differentiates us from our competitors, is
the ability to integrate our global gravity and magnetic data holdings into
regional geological and petroleum systems interpretation studies. These are
preserved as non-exclusive, thus allowing us to resell each study many times.
This then provides the option for clients to follow up these regional studies
with proprietary studies as oil companies focus on specific exploration blocks.
Such an approach maximises the value of our innovative skills in project
generation and minimises the need to compete for work offered by oil companies.


In summary, the strength of the business during the year reflects:

   •strong demand for our products and services on a global scale from a wide
    spectrum of oil and mining companies;
   •the ever growing range of products for key frontier areas;
   •the growth of the PSEG business which has helped the oil industry to
    appreciate how gravity and magnetic data can be used as an integral part of
    reducing risk in frontier areas. This has helped to 'lever' sales of gravity
    and magnetic data; and
   •the re-structuring of our US office (in 2004) enabling us to focus on
    marketing to the key North American client base.

The Future

The rapid and continued growth of the PSEG has resulted in GETECH needing to
move off the University of Leeds campus as the company has completely outgrown
its present facilities. To enable the Company to cope with its anticipated
expansion we have exchanged contracts to purchase the freehold of part of Elmete
Hall in Roundhay, located north east of Leeds city centre.

This commitment to purchase quality premises with excellent communication
equipment reflects the importance we place on our most important asset - our
people. Communication is very important to GETECH and therefore a high speed
internet connection capable of delivering 100 Mbits/second is being installed.
The accommodation will provide a new stimulating working environment and our
staff are looking forward to the move, which we hope will be completed before
the end of 2006.

The prognosis for the current year is continued growth of the PSEG and its ever
wider acceptance within the industry. Discussions are well advanced with
organisations in many countries to allow GETECH to market their data so that our
data holdings continue to grow. Some of these data sets are in key exploration
areas, where clients have expressed strong interest in obtaining data.

With GETECH continuing to expand the scope of its products and services, and to
draw together the skills and experience of its growing team of geoscience
specialists, I am confident we will continue to build on this year's success.

Finally I would like to thank all my colleagues for their unstinting efforts on
behalf of the Company and we all look forward to an exciting future.


PROFESSOR J DEREK FAIRHEAD

Managing Director


                               FULL RESULTS BELOW



CONSOLIDATED PROFIT AND LOSS ACCOUNT

for the year ended 31 July 2006

                                                             2006         2005

TURNOVER - continuing activities                        3,228,573    3,481,743

Cost of sales                                           (783,875)  (1,317,375)
                                                       __________   __________
GROSS PROFIT                                            2,444,698    2,164,368

Distribution costs                                          (870)      (2,839)

Administrative expenses                               (1,573,910)  (1,464,195)
                                                       __________   __________
OPERATING PROFIT - continuing activities                  869,918      697,334

Interest receivable                                       140,124       33,126

Interest payable                                             (29)            -
                                                       __________   __________
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION           1,010,013      730,460

Tax on profit on ordinary activities                    (276,453)    (196,320)
                                                       __________   __________
PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION

and FOR THE YEAR                                         £733,560     £534,140
                                                        =========    =========

Basic earnings per share                                    2.76p       10.14p

Diluted earnings per share                                  2.76p       10.14p


There were no recognised gains or losses other than profit or loss for the
period.


All the group's activities are classed as continuing for the period.




CONSOLIDATED BALANCE SHEET

31 July 2006

                                                   2006                   2005
FIXED ASSETS

Intangible assets                                            1,415                  1,592
Tangible assets                                             37,907                 34,337
                                                         _________              _________
                                                            39,322                 35,929
CURRENT ASSETS

Stocks                                          166,504                      -
Debtors                                         807,905                645,404
Investments                                      23,880                      -
Cash at bank and in hand                      4,317,913              1,423,703
                                              _________              _________

                                              5,316,202              2,069,107
                                              _________              _________

CREDITORS - amounts falling due
within one year
                                              1,357,135              1,209,596
                                              _________              _________

NET CURRENT ASSETS                                       3,959,067                859,511
                                                         _________              _________

TOTAL ASSETS LESS CURRENT LIABILITIES                   £3,998,389               £895,440
                                                          ========               ========


CAPITAL AND RESERVES

Called up share capital                                     69,231                     94
Share premium account                                    2,460,927                      -
Capital redemption reserve                                       6                      6
Profit and loss account                                  1,468,225                895,340
                                                         _________              _________

SHAREHOLDERS' FUNDS - equity                            £3,998,389               £895,440
interests
                                                          ========                =======





CONSOLIDATED CASH FLOW STATEMENT

for the year ended 31 July 2006




                                                 2006                    2005

NET CASH INFLOW FROM OPERATING
ACTIVITIES
                                                         653,496                 780,647

RETURNS ON INVESTMENTS AND
SERVICING OF FINANCE
Interest received                             140,124                  33,126
Interest paid                                    (29)                       -
                                            _________               _________
                                                         140,095                  33,126

TAXATION - corporation tax paid                        (222,453)                (32,851)

CAPITAL EXPENDITURE and FINANCIAL
INVESTMENT
Payments to acquire tangible fixed           (46,317)                (28,346)
assets
                                            _________               _________
                                                        (46,317)                (28,346)

EQUITY DIVIDENDS PAID                                  (110,769)                (50,000)
                                                       _________                ________
NET CASH INFLOW BEFORE USE OF
LIQUID RESOURCES and FINANCING
                                                         414,052                 702,576

FINANCING
Issue of share capital                      3,000,000                       -
Costs of share issue                        (519,842)                       -
Amount paid for redemption of                       -                (78,750)
shares
                                            _________               _________
                                                       2,480,158                (78,750)
                                                       _________                ________

INCREASE IN CASH IN THE YEAR                          £2,894,210                £623,826
                                                        ========                 =======




NOTES:


There are no recognised gains or losses other than the profit for the year and
therefore no separate statement of total recognised gains and losses has been
presented.

There is no difference between the profit on ordinary activities before taxation
and the retained profit for the year as stated above, and their historical cost
equivalents.

The above financial information does not constitute statutory
accounts for the year ended 31 July 2006 or 2005. Statutory accounts for the
year ended 31 July 2005 have been delivered to the Registrar of Companies. The
auditors have reported on the year ended 31 July 2006 financial statements and
their report was unqualified and did not contain a statement under section 237
(2) or (3) of the Companies Act 1985. The statutory accounts for the year ended
31 July 2006 will be delivered to the Registrar of Companies following the
Company's Annual General Meeting.


EARNINGS PER SHARE

Basic earnings per share is calculated on the basis of the profit for the year
after tax, divided by the weighted average number of the ordinary shares in
issue in the year.

Diluted earnings per share is calculated on the basis of the profit for the year
after tax, divided by the weighted average number of shares which would be
issued if all options granted were exercised.

All options were anti-dilutive at 31 July 2006.

Reconciliations of the earnings and weighted average number of shares used in
the calculations are set out below:


                                  2006                               2005 Per share     
         
                  Earnings    Weighted    Per Share   Earnings   Weighted    amount
                               average       amount               average           
                             number of                          number of                    
                                shares                             shares

Profit            £733,560                           £ 534,140   
attributable               
to                         
shareholders      

Basic earnings  
per             
share          
               
Earnings        
attributable    
to ordinary       £733,560  26,575,666   2.76p        £534,140  5,268,403   10.14p
share-          
holders                                                                        


An adjusted earnings per share has also been presented based on the earnings
attributable to ordinary shareholders and is calculated as if all shares in
issue at 31 July 2006 had been in issue for the whole of the year and the
previous year.

This basis has been used because as a result of the Admission to AIM on 23
September 2005 there was a significant restructuring of the share capital of the
Company to make it more suitable for a publicly traded company. Details of this
are disclosed in Note 17.



                                 2006                                   2005  Per share
                  Earnings   Weighted       Per share   Earnings    Weighted     amount
                              average          amount                average       
                            number of                              number of
                               shares                                 shares


                                              
Basic earnings               
per share         £733,560 26,575,666           2.76p    £534,140  5,268,403     10.14p

Adjustments:   
Issue of        
shares             -        1,116,641                     150,000 22,423,904       
                                       
Basic earnings  
per             
share           
Earnings        
attributable    
to ordinary     
share-            £733,560 27,692,307           2.65p    £684,140 27,692,307      2.47p
holders         
   



DIVIDENDS                                     2006                    2005

Paid during the year:                     £110,769                       £
Interim dividend at 0.4p per                             
share (2005:£Nil)                                        
                                                                     

Proposed after the year end (not         
recognised as a liability):              
Final dividend at 0.6p per share          £166,154                       £
(2005:£Nil)                              
                                                                

Copies of this preliminary report will be distributed to all holders of the
Company's ordinary shares.  Copies will also be available at the Company's
registered office: Convention House, St Mary's Street, Leeds LS9 7DP.

In addition, this report will be available on the Company's website:
www.getech.com


                                     -ENDS-




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