RNS Number : 4987C
  CybIT Holdings PLC
  02 September 2008
   

    Date:               2 September 2008
    On behalf of:   Cybit Holdings plc
    For immediate release


    Cybit Holdings plc
    AGM Statement

    At the Annual General Meeting of Cybit Holdings Plc (AIM: CYH), the international provider of Telematics based products and services for
the management and control of land and sea based assets, to be held at 10.30am today, Neil Johnson, Non Executive Chairman, will make the
following statement:

    "Despite challenging economic conditions, I am delighted to report that Cybit has achieved significant revenue growth in the first four
months of the current year. Revenues for the period to 31 July stood at approximately �7.5m, which is 25% up on the �6.0m achieved in the
equivalent period last year. 

    "We have seen similar growth in order intake. Orders received in the five month period to 31 August have increased by circa 24% from
�6.7m to �8.8m. This gives the board confidence that we are on target to achieve full year market revenue expectations.

    "The integration of Truck24 is progressing according to plan with significant cost savings being achieved from both operational
efficiencies and improved margins. Order volumes and revenue performance are both in line with management expectations and the business was
profitable in the first four months of the year.

    "The recent purchase of the assets relating to Oxloc Limited has both insulated existing Cybit customers using this technology and has
opened new opportunities in the global unpowered asset marketplace.

    "We are continuing to grow the business both organically and through acquisition. The current economic climate will undoubtedly result
in further consolidation within the Telematics industry and Cybit is well placed to benefit from this evolutionary process."

    - Ends -

    Enquiries:

 Cybit Holdings plc                                www.cybitholdings.com
 Richard Horsman, CEO / Kevin Lawrence, FD         Tel: +44 (0) 8456 027123

 Redleaf Communications Ltd                        cybit@redleafpr.com
 Emma Kane / Sam Robbins / Rebecca Sanders-Hewett  Tel: +44 (0)20 7822 0200

 Cenkos Securities
 Stephen Keys / Liz Bowman                         Tel: +44 (0)20 7397 8900


      Notes to Editors: 

    *     Cybit operates within three core sectors:  Internet-based vehicle Telematics solutions; Economic Exclusion Zone (EEZ) Management;
and Private Mobile Radio (PMR) based asset tracking and precise positioning solutions.  Its products and services enable companies to
monitor and position mobile assets, manage service level agreements, enhance employee duty of care and comply with legislation.

    *     In the vehicle Telematics sector, Cybit is one of Europe's leading Telematics Service Providers (TSPs). More than 1,700 business
to business clients use its fleet and asset management solutions to manage in excess of 46,000 assets. Solutions include in-vehicle
technologies, work flow management and internet-based monitoring and reporting software. The Company also provides consulting services to
advise on legal issues such as duty of care and working hours.

    *     Its PMR business, Cybit Positioning Solutions, provides asset-tracking solutions for both maritime and land-based applications
including exploration and mining. Its precise positioning solutions assist in the location and exploitation of oil, gas and mineral reserves
around the globe.





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