AVEVA : Trading Update and Board and Management Changes

8 July 2016

AVEVA GROUP PLC

('AVEVA' or 'the Company')

Trading Update and Board and Management Changes

Trading Update

AVEVA Group plc ('AVEVA'; stock code: AVV), one of the world's leading providers of engineering data and design IT systems, today announces the following trading update ahead of today's AGM for the period from 1 April 2016 to date ('the period').

Since the announcement of the FY16 results on 24 May 2016, the Company has made satisfactory financial and operational progress in line with expectations, and we have not seen any noticeable change in the trends reported at that time. We expect the seasonality in FY17 to be broadly similar to FY16.

Following the results of the UK referendum on EU membership, there has been increased volatility in foreign currency exchange rates and to date a weakening of Sterling versus the Euro and US Dollar. If rates were to remain at similar levels for a prolonged period then we should expect a currency benefit in FY17 from the translation of overseas earnings.

The Group maintains a strong balance sheet and saw strong cash generation in the first quarter, resulting in net cash of £133.0 million at 30 June 2016.

Subject to approval by shareholders at the AGM today, the final dividend of 30 pence per share will be payable on 5 August 2016, to shareholders on the register on 1 July 2016.

Board and Management Changes

After 33 years with the Group, 17 years of which as Chief Executive, Richard Longdon will step down from his role as Chief Executive and as a Director of the Company with effect from 31 December 2016. Richard will then take on the role of President for a period of 12 months during which time he will be a representative and ambassador for the Company providing valuable insight about the market and our customers. This role will be particularly important as AVEVA approaches its 50 anniversary.

The Board is pleased to announce that James Kidd, Chief Financial Officer, has been appointed deputy Chief Executive with immediate effect and he will assume the role of Chief Executive with effect from 1 January 2017. James has been Chief Financial Officer and a member of the Board since January 2011 and in recent years has been taking an increasing role in the commercial and operational development of AVEVA.

In addition, the Board is pleased to announce that David Ward is being appointed as Chief Financial Officer and as a Director of the Company with immediate effect. A qualified chartered accountant, David has been Head of Finance at AVEVA since 2011 and prior to that he spent 14 years at EY in various roles within the assurance practice.

Chairman of AVEVA, Philip Aiken, said:

'Richard has overseen the most successful phase in the Company's history and has been the driving force behind what AVEVA is today. The Board is very grateful to Richard for his contribution to the Company's success and we look forward to working with him in his new role of President. We are delighted to appoint James as Chief Executive which will ensure continuity in driving the Group's strategy. In addition, David has been a key member of the management team for a number of years and it is a natural progression that he steps up to become Chief Financial Officer.'

Richard Longdon, Chief Executive, said:

'It is a rare honour for a Chief Executive to lead a company for as long as I have at AVEVA. I have had the great privilege to have worked with amazingly talented people and together we have created a home-grown, UK and global leader in the software sector.

As I step down from Chief Executive I see a company that is resilient and in great financial health. I am, as others should be, hugely reassured by the fact that we have the bench strength to promote from within. Having worked with both James and David I know that they are the right candidates to bring fresh thinking, but also continuity in these tricky markets.'

James Kidd, Deputy Chief Executive added:

'AVEVA is a company with a highly competitive and compelling product set, great people and a very strong balance sheet. Both I and the rest of the executive team look forward to building further on the strong foundations which Richard has played such a major role in laying.'

There are no matters to be disclosed required for David Ward pursuant to Listing Rule 9.6.13.

This announcement contains inside information regarding AVEVA Group plc.