Richmond Software Press Release

London, 10th March 2005

Richmond Software Limited, the financial systems solution supplier, today announced the results of an interim audit for the financial year 2004-05.

Charles Palmer, Richmond Software’s Managing Director, reported that turnover would increase to at least £3.6 million, which represents a minimum annual growth rate in excess of 20%. "I am delighted that we will report another year of strong and sustainable growth," states Palmer. "We have experienced a particularly vigorous, broadly-based increment in the development of new business. I would like to express my appreciation to the Directors and their teams for their contributions. We are looking forward to declaring the final numbers after our year-end on 26th March".

Kevin Grant, Director of Business Development, added: "We are pleased to see that our strategies are delivering increasingly excellent real results. We have added resources in all sectors of our business, and have secured new clients from a wide range of industries and locations, including large and sophisticated Enterprise treasuries. Our technology outsourcing services continue to differentiate us in a very positive way. We now have productive cooperation agreements with many companies who offer complementary services, so that we can deliver a unique range of closely integrated Best-of-Breed solutions to our clients. Our initial plans for the new fiscal year include further expansion into the United States and Asia/Pacific marketplaces, where we see some very interesting opportunities."

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