WEALTH MANAGEMENT SOFTWARE PLC

INTERIM RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2002

Wealth Management Software plc, the developer and supplier of integrated software products to the financial services market, announces interim results for the half year ended 30 June 2002.

KEY POINTS

- Turnover £6.1m (2001: £6.4m)
- Profit before tax, exceptional charges and goodwill £0.260m (2001: loss £2.484m)
- Earnings per share excluding exceptional items and goodwill 0.62p (2001: loss 6.04p)
- Despite challenging market conditions, six LISA® licences with a contract value of £3.5m sold in first half compared to only one in the whole of 2001
- The development work to enhance LISA® throughout 2001 has resulted in LISA® having even broader functionality, thus enabling the product to be sold into more niche areas
- LISA® sites which are live, particularly in continental Europe, are providing enthusiastic references and this is establishing a solid base on which to build
- On outlook, Paul Newton, Chairman said:

"LISA® software is capable of large scale system replacement when the financial services market improves. In the meantime LISA®’s breadth of functionality is securing revenues from new business areas of the Financial Services sector and the Company will continue to exploit the capability of LISA® throughout the remainder of the year."

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