KBC Kbc Adv.Tech.

RNS Number:3269O
KBC Advanced Technologies plc
01 July 2005



1 July 2005

                         KBC Advanced Technologies plc
                            ('KBC' or 'the Company')

                                 Trading Update

Further to the Chairman's Statement issued at the AGM on 28 April 2005, the
Company is now in a position to update shareholders on progress during the first
half of the Financial Year.

As we outlined at the time of the placing in March 2005, we have continued to
invest in developing relationships with the major oil and gas companies in the
second quarter. As a result sales awards for the first six months almost doubled
compared to the second half of 2004, with the backlog increasing during this
period by 20%. Notwithstanding this success, and due to the timing of these
awards and their translation into revenues, the Company will not achieve the
expected results for the first half, or for the year as a whole. We now
anticipate that revenue and operating profit for the first half of 2005 will be
similar to that achieved in the second half of 2004. However, given the upturn
in sales success, the Board is confident that during the second half the Company
will return to profitability and, subject to timing of certain sales awards,
will deliver the current trading expectation of #1 million operating profit for
the second half.

There has been an increasing demand for energy related services as oil prices
touch $60 per barrel, with recent contracts awarded by bp and Chevron in the US,
as well as Total and two other major European refiners, to develop enhancements
to their strategic, site-wide, energy conservation programmes. Demand for these
programmes will continue for the foreseeable future. Interest in Petro-SIM TM,
KBC's refinery wide flowsheeting system, is growing and several clients licensed
Petro-SIM during the second quarter, including OMV, KPE and Tamoil. There is a
strong sales pipeline with several clients in an advanced stage of evaluation
and contract negotiation.

As a result of the additional work required to report under the new
International Accounting Standards format, the results for the half year ended
30 June 2005 will be issued on 22 September 2005.

All references to reported and anticipated revenues and profits in this
statement are made under the UK GAAP reporting regime.

                                     -Ends-

For further information please contact:

KBC Advanced Technologies plc                                       01932 236314
Peter Close, Chief Executive
Nicholas Stone, Finance Director

Arden Partners Limited                                             020 7398 1632
Richard Day

Weber Shandwick Square Mile                                        020 7067 0700
Rachel Taylor/Yvonne Alexander

About KBC:
KBC Advanced Technologies plc, a leading independent process engineering
consultancy, delivers improved profitability through consulting services and
practical solutions to owners and operators in the oil refining, petrochemical
and other process industries worldwide. KBC provides process consulting,
strategic planning advice, petroleum and chemical price forecasting, economic
studies and capital project reviews to help clients find the most cost-effective
way to achieve their short- and long-term objectives. KBC analyses plant
operations and management systems, recommends changes for material and
measurable improvements in profitability, and provides implementation services
to assist clients in realising these improvements. In carrying out this work,
KBC makes extensive use of its proprietary refinery-wide simulation and process
modelling technology. Formed in 1979, KBC has principal offices in the UK, USA,
Singapore, Japan, Russia and the Netherlands. For more information, visit
www.kbcat.com



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