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RNS Number:9298H
Cedar Group PLC
24 March 2000

                             
                              
         CEDAR GROUP PLC ("CEDAR" OR THE "COMPANY")
                              
                       Trading Update

Cedar  announced on 15 March 2000 that it had  raised  #40.2
million  by  way of a conditional placing of new shares  for
further  strategic acquisitions and to provide  funding  for
the  further development of existing projects including  the
Cedar e-content business solution.

The  Cedar  Board have today announced that the  initiatives
for which the proceeds of the placing are to be applied will
have  a  positive benefit in current financial  year  to  31
March 2000, which will be reported in June 2000 and that the
Company  remains confident that the out turn  for  the  year
will be in line with current market expectations.

Key Business Drivers:

*  ASP - The eCedar Application Service Provider offering
  (provision  of  software applications  securely  over  the
  Internet) announced at the end of 1999 is now being piloted
  by a global oil company.  The formal launch of the service
  is set for 1 May 2000.

* BusinessFlow   -   Siemens   Power   Corporation   is
  implementing the Cedar BusinessFlow solution  that  allows
  nuclear  technicians  to  archive,  retrieve  and   manage
  enterprise information securely through their Intranet and
  via  SAP  R/3.   Primarily operating in Europe  and  North
  America, the solution now gives Siemens the capability  to
  manage  information at other locations around  the  world.
  This  opens  up a Cedar Group opportunity to  implement  a
  solution  throughout  Power  and  similar  scale  industry
  sectors.

* TSP  -  Plans are well advanced to provide  additional
  applications  and  additional  services  such  as  IT  and
  Management  Consultancy to make eCedar a  Total  Solutions
  Provider  (TSP).   A Total Solutions Provider is  able  to
  deliver everything an Applications Service Provider  (ASP)
  can,   plus  business  services  and  ancillary   software
  applications.   TSP's tend to be favoured  by  the  larger
  enterprises, rather than just focused at the  SME  market.
  This is now recognised as the fastest growing sector in the
  Business to Business Internet Infrastructure market.

* USA  - The US market is responding very positively  to
  Cedar's  product line and strategy as demonstrated  by  US
  Internet   companies   embracing  Cedar's   infrastructure
  proposition.  Commercial companies such as Levi Strauss and
  Dennis  Publishing  have  signed up  for  the  application
  solutions,  and  recent wins in US Community  and  Service
  organisations have demonstrated the US relevance of Cedar's
  credentials in UK Healthcare and Local Government.

* Telecoms  -  The  demand for CRM Applications  in  the
  telecommunications sector is increasing as  new  contracts
  with  Orange,  Alpha Telecom, First Telecom &  Lucent  are
  signed.

Tom Rump, CEO Cedar Group US, commented:  "Ventures such  as
the   Siemens  contract  are  enabling  us  to  gain  global
attention as a credible and effective provider of Enterprise
Business  Solutions.  Penetration of accounts such as  this,
and  a number in the public services domain demonstrate that
the Cedar business model will be as successful in the United
States as it is in the UK"

Mike  Harrison,  CEO  of Cedar Group  Plc,  Commented:  "The
strengthening of Cedar offerings to our existing substantial
customer  base  in the UK and the USA is showing  profitable
growth.   Cedar's proposition for implementing an  effective
business to business infrastructure differentiates  us  from
many   new  eCommerce  providers  as  we  focus  on  solving
enterprise business problems."

For further information:

Mike Harrison, Managing Director
Cedar Group Plc                              01932 584 000

Russell Cook
Teather & Greenwood Limited                  0207 426 9000

Shane Dolan
Biddick Associates                           0207 377 6677

END

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