VEG Vega Grp.

RNS Number:3869D
Vega Group PLC
06 September 2007

                                                                6 September 2007


                                 VEGA Group PLC

                          Interim Management Statement

VEGA Group PLC ("the Group"), the specialist Professional Services Company,
which is holding its 2007 Annual General Meeting at 12pm today, issues its first
Interim Management Statement for the period from 1 May 2007 to 5 September 2007,
as required by the revised UK Listing Authority's Disclosure and Transparency
Rules.

Financial Position and Performance of the Group

The Board remains confident that the Group will achieve market expectations for
the full year to 30 April 2008. However, profits in the first quarter were lower
than in the same period last year owing to our continued investment in sales and
marketing and we expect that this year there will be a greater second half bias
to our profit performance than last year.

This investment in the new business model is beginning to show results through
both strategic wins and a strong new business pipeline.

   * In our Consulting business in the period we have had a breakthrough win
    with a UK Regulatory Authority as the principal service provider for
    management and technical support services and we have also been selected as
    the client-side advisor for a secret, critical decision support system at
    the UK MoD.
   * In Technology, our German business has been selected for a #1.2 million
    training contract with the Swiss Air Force to be signed in September which
    will re-establish our defence business in Germany. In France, we have had
    our first major success under a framework contract with the French National
    Space Agency, CNES, winning a #0.7 million order to design and develop a
    system for the Franco-Israeli environmental satellite.
   * In our Managed Solutions business we have secured a contract at the
    German Aerospace Agency's Operations Centre, GSOC, for satellite operations,
    widening the services we deliver to this client. In UK defence, we have won
    a contract to provide technical support for the MoD's secure email system.

We are also pleased to report that the recent acquisition, Anite Deutschland
(see below), is performing as we anticipated.

At 31 August 2007, net debt had increased to #15.1 million reflecting the #8.0
million acquisition of Anite Deutschland, acquisition costs and normal seasonal
outflows. Other than this, the financial position of the Group has not changed
significantly in the period.

Material Events and Transactions

On 9 July 2007, we announced the acquisition of Anite Deutschland Management
GmbH and its subsidiaries (together "Anite Deutschland") for a consideration of
#8.0 million in cash, funded by a new five year term loan. Anite Deutschland is
an important part of our strategy for international growth, providing us with a
major opening into the German defence market and introducing us to a new market
sector in Financial Services, which we believe will provide us with
opportunities to cross-sell other VEGA services.

Calendar
A further update on trading, for the six months ended 31 October 2007, will be
announced following the half year end, in line with our normal practice.


For further information please contact:
VEGA Group PLC:          Phil Cartmell               01707 391999
                         Sue Bygrave

Smithfield:              Reg Hoare                   0207 360 4900
                         Tania Wild

Print resolution images are available for the media to view and download from
www.vismedia.co.uk


Notes to Editors:

About VEGA
VEGA is a specialist professional services company. It provides independent
consulting, technology and managed solutions, based on 30 years experience of
specialist market and technological domains. This enables VEGA to offer
independent expert advice and pragmatic support services in the effective
implementation of business strategy. In doing so, VEGA helps its clients to
identify business value, manage risk and realise higher levels of success from
their programmes and projects.

VEGA's principal markets are aerospace, defence and government. Its key
geographies are the UK, Germany, Holland, France and Spain.

CONSULTING - Offers advisory services to clients on the practical implementation
of business strategy, often in the early stages of programme and project
lifecycles. Services include: Business Consulting, Enterprise & Systems
Architecture, Procurement and Capability Acquisition, Programme and Project
Management and Information Security

TECHNOLOGY - Develops innovative bespoke systems and tools, to support the
successful execution of client programmes and projects; builds complex bespoke
solutions. Services include Bespoke Systems, Secure Systems, Simulation Systems,
Client and VEGA R&D.

MANAGED SOLUTIONS - Provides teams of experienced, specialist practitioners to
manage and implement client programmes. Services include Managed Services,
Programme and Project Support, Science and Technology Research, Operations and
Systems Engineering.

AEROSPACE - Within the Aerospace market, VEGA supports scientific, commercial
and military programmes worldwide and has been involved in almost every European
Space Agency mission over the last 30 years. Clients include: European Space
Agency, European Commission, French National Space Agency (CNES), German
National Aerospace Agency (DLR), Inmarsat, EUMETSAT, EADS Astrium, Thales Alenia
Space and SES Astra. On the military side, clients include BAE Systems, Thales,
CAE and EADS, working on programmes like the Eurofighter and the UK Army's new
UAV capability, Watchkeeper.

DEFENCE - VEGA has a long track record of working alongside our defence clients
to deliver strategically important defence information and communication systems
as a trusted partner. We work with UK and European defence agencies and armed
forces in the specification, acquisition, security, integration and deployment
of network enabled capability to ensure that it delivers the operational
benefits for which it is intended. Clients include the UK Ministry of Defence,
mainly through Defence Equipment and Support (DE&S). Current projects include
client-side support for the Defence Information Infrastructure (DII(F)) and
Command Support Intelligence Systems (CSIS) Integrated Project Team (IPT).

GOVERNMENT - VEGA is Catalist accredited and works with Government departments
and agencies to ensure that transformation initiatives are conceived,
implemented and integrated effectively and efficiently. We help our clients
deliver citizen-centric services that operate with the necessary levels of
accessibility and security. VEGA also works alongside the stakeholders of the UK
Resilience and Critical National Infrastructure communities to ensure UK
security at home and abroad. Clients include the Cabinet Office, Department of
Communities and Local Government, Home Office, Foreign & Commonwealth Office, UK
Emergency Services, Department of Trade and Industry and the Welsh Assembly
Government.

VEGA floated on the London Stock Exchange in 1992 at an issue price of 122p.
VEGA is listed in the Software & Computer Services sector, and has a RIC code of
VEG.L.




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