GLN Glen Grp

RNS Number:8271J
Glen Group PLC
03 October 2006


Glen Group plc ("Glen" or "the Group")
Pre-close statement

Glen, the AIM listed IT and communications integration business, is pleased to
provide a trading update before entering a closed period ahead of the issue of
its preliminary results for the year ended 30th September 2006.

The Directors are pleased to report that the Group is making solid progress
having enjoyed the full benefit of trading from Eclectic Group Limited
("Eclectic"), acquired in February, which is performing strongly. The Group has
also made good progress in expanding Glen Communications Limited ("Glen
Communications") with the acquisition of Explore IT Limited ("Explore").

Eclectic has performed well both in its core business intelligence ("BI")
practice and in its training division and has won a second significant framework
agreement with a major Scottish utility company, in this case to train up to
3,000 employees. In addition it has started an Oracle consulting practice and a
Microsoft consulting practice, both focused on the BI space. The company has
been awarded Microsoft Certified Partner status and is now able to develop and
provide BI consultancy across a range of software platforms.

Under the acquisition terms for Eclectic, in the event that the company meets
profit targets of #400,000 PBITA in the twelve month period to 31 July 2006 a
further maximum consideration of #787,500 is payable in Glen shares. We are not
yet in a position to disclose whether this PBITA target has been met until the
financial results for this period have been audited and our preliminary results
are announced. However, we made full provision for this further maximum
consideration in the unaudited consolidated group balance sheet as at 31st March
2006 and our views of this provision being necessary have not changed.

Glen Communications is expanding its direct sales team having recently been
enhanced by the acquisition in early September of Explore, which has become a
wholly owned subsidiary. This acquisition expands our client base, as well as
our IT technical capabilities giving us an enhanced skill set. Explore is also a
Microsoft Certified Partner.

We expect to issue our preliminary results by mid December.

Eric M Hagman CBE
Chairman
3rd October 2006

ENQUIRIES

Glen Group plc
Graham J Duncan
Chief Executive 0845 119 2100

College Hill
Alex Walters 020 7457 2020




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