KBC Kbc Adv.Tech.

RNS Number:5105E
KBC Advanced Technologies plc
27 October 2004



Embargoed until 07.00                                           27 October 2004

                         KBC Advanced Technologies plc

                                 Trading Update

KBC Advanced Technologies plc ("KBC") a leading consultant to the oil industry,
provides a trading update for the second half of 2004 to date.

2004 has been a year of transition for KBC where the focus has been the creation
of the environment required for the resumption of revenue growth and
profitability in 2005. Two key events were required in order for this to happen:
the resolution of the Software litigation and the launch of the new service
offerings supported by the new software products.

In the last two months both of these events have fallen into place. In September
we launched the ProfitManager suite of applications and services incorporating
Petro-SIM, the new software product. This was followed by the announcement of
the agreement with Aspen Technology Inc on 1 October which put an end to the
litigation with a cash settlement of #2.1m and will result in an exceptional
credit in 2004 of over #1m. The management and sales and marketing resources
within the business have been focused on achieving these two aims and thereby
building the prospects for 2005.

In the meantime sales awards in the third quarter of 2004 have been
disappointing and several key contracts necessary to deliver expected revenue
for the second half year have been deferred. As a consequence revenue for the
year is expected to fall to around #30m and at the operating level a loss is
therefore expected of #1m for the year.

Peter Close, Chief Executive, commented:

"Whilst it is clearly disappointing to be reporting this downturn in expectation
for this year it should not detract from the potential that is being built for
2005. The market is receiving Petro-SIM well and discussions are ongoing with a
number of clients to purchase the product. Hence our expectations for 2005
remain unchanged as a result of this announcement."

                                    - ends -

Enquiries:

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

Weber Shandwick Square Mile
Mike Kirk, Sarah MacLeod                                          0207 067 0700



Notes to Editors


About KBC

KBC Advanced Technologies plc is a leading independent consulting and services
group, delivering improvements in business performance and asset value to owners
and operators in the oil refining, petrochemical and processing industries
worldwide. KBC analyses plant operations and business processes, and recommends
changes that deliver material and measurable improvements in profitability. KBC
works in partnership with its clients and offers implementation services when
requested to assist them in realising financial benefits. In support of these
efforts, KBC makes extensive use of its proprietary process modelling and its
refinery-wide simulation technology. KBC provides strategic planning advice,
petroleum and chemical price forecasting, economic studies, capital project
reviews, and process engineering services to help clients find the most
cost-effective way to achieve their short- and long-term objectives. Formed in
1979, KBC has its principal offices in the UK, USA, Singapore, Japan, Russia,
and the Netherlands. For more information, visit www.kbcat.com.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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