At the Company's Annual General Meeting to be held later on today, Richard Last, Chairman of Patsystems, will make the following statement:

"2011 has commenced as anticipated with results to the end of March in line with our expectations. Within the quarter a new exchange customer has been signed and two customers have adopted our global ASP offering, Patsystems XConnect.

As planned the London data centre for Patsystems XConnect will be deployed in the first half of the year and we remain encouraged by the opportunities for our risk and exchange product offerings and our expectations for 2011 remain unchanged."