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BOND INTERNATIONAL 2012 UNAUDITED PRELIMINARY RESULTS

BOND INTERNATIONAL 2012 UNAUDITED PRELIMINARY RESULTS

Bond International Software plc,a world leading supplier of staffing, HR and payroll software and services, with operations in the UK, USA, Hong Kong, Japan, China, Singapore and Australia, today announces its unaudited preliminary results for the year ended 31 December 2012.

KEY POINTS

FINANCIAL HIGHLIGHTS

&middot Recurring Revenues up 5% to &pound23.6m (2011: &pound22.5m) and now contributing 67% of total revenues

&middot Operating profit before the amortisation of acquired intangible assets and exceptional items risen by 4% to &pound5.4m (2011: &pound5.2m)

&middot Adjusted*operating profit increased 7.5% to &pound2.8m (2011: &pound2.6m)

&middot Adjusted* EPS of 6.19p (2011: 4.71p)

&middot Reduction in admin expenses by 4% to &pound25.7m (&pound26.8m)

&middot Final dividend of 1.8p, a 50% increase on last year.

* Adjusted for the amortisation of acquired intangibles, exceptional items and impairment of intangible assets

OPERATIONAL HIGHLIGHTS AND CURRENT TRADING

&middot Significant contracts won in Australia and Japan, further increasing our successin the region

&middot New contract win with Carpetright announced 6 March 2013

&middot Newly configured AdaptSuite product launched in February 2013 in the USA

&middot On track to meet current market expectations

Commenting on the results Chief Executive Steve Russell, said:

"2013 has seen a strong start for the year. Demand for our products and services in the UK is increasing. The emerging markets in Asia Pacific are continuing to present opportunities for growth on the back of the first major Japanese contract announced last year and the staffing market in the USA is showing signs of sustainable recovery which we are well placed to exploit with the launch of AdaptSuite.

With increased recurring revenue and lower overheads the board believes the group is well placed to grow profits over the coming year."

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