News

RNS Number:5534H

ILX Group PLC

11 August 2006

AGM Statement & Trading Update

ILX Group plc ('ILX Group'), the AIM quoted vocational education and training specialist, today held its Annual General Meeting at 10:00am at One London Wall, London, EC2Y 5AB. All resolutions were passed unanimously.

Following the formal proceedings of the AGM, Ken Scott, Chief Executive of ILX Group plc, made the following statement to shareholders:

"Performance of ILX Group has been very encouraging and for the second year running, the strong set of Results for the year ended 31 March 2006 has underscored our dependability in delivering quality profits. We have demonstrated that we can deliver profits, growth and well judged acquisitions that can be successfully integrated within the framework of ILX Group plc. Following shareholder approval which was given today at the AGM, the Company's maiden dividend of 0.75p per share will be paid on August 15.

Trading in the first quarter I am pleased to report has been very encouraging, with continued robust organic growth on a like-for-like basis. During this period, we have sold training products and related services across the Group to approximately 700 customers including Legal & General, Royal & SunAlliance, BAT, Computacenter, Serco, BP, Capita Symonds, Premier Foods, AT&T, Vodafone, Virgin Mobile, Pension Protection Fund, The Home Office and many local councils and authorities across the UK. Corporate Training Group (CTG), our most recent acquisition, will also have a marked impact on the current year's performance. As I said on 30 June when we announced this acquisition, CTG will bring considerable scale and will effectively double the profitability of the current ILX Group business.

Trading continues to be in line with the Board's expectations and we are optimistic for the current year's performance and for the future well being of the ILX Group."

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Editor's Notes

ILX Group plc is a leading provider of vocational training to the private and public sectors, delivered through Computer Based Training (CBT), e-Learning, instructor-led courses/workshops.

ILX Group now trades through two divisions:

• Best Practice provides CBT, e-learning, instructor-led training and implementation consultancy principally to the project management, IT service management and business finance markets www.ilxgroup.com
• Banking & Finance (through CTG) provides instructor-led training, workshops and related services, principally to the investment banking community www.ctguk.com

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