RNS Number:1442U
Systems Union Group PLC
13 January 2004

Systems Union Group plc

                                 Trading Update



Systems Union Group plc ("the Company"), the global software vendor, announces
key trading highlights ahead of its results for the year ended 31 December 2003:



*         Full year results are expected to be ahead of market expectations.

*         Seventh consecutive half year of meeting or exceeding market
expectations.

*         The Company acquired MIS AG, Foundation Systems and the remaining 50%
of the Company's Italian joint venture during the year. The Company currently
owns 93.8% of MIS.

*         On 31 December 2003, the Company expanded its operations in Beijing,
Shanghai, Hong Kong and Singapore by the acquisition of the business of
Romanicus, a SunSystems channel partner.

*         On 29 December 2003, the Company sold its remaining investment in an
activity discontinued in December 2000 for #500,000 in cash. The carrying value
was nil.

*         The Company continued to be cash generative during the year. The
Company had #19.7 million in cash at 31 December 2003 (2002: #18.8 million) and
#15 million in bank debt (2002: #Nil), after spending approximately #28 million
on acquisitions (MIS - #23 million, Foundation Systems - #2.5 million, Italian
joint venture - #2.0 million and Romanicus - #0.5 million).

*         The Board intends recommending an inaugural dividend of 1p per share
when it announces its full year results on 1 March 2004.





Paul Coleman, Chief Executive Officer of Systems Union Group plc, said:

"The Company has continued to improve its profitability despite difficult
trading conditions.  We are successfully implementing our acquisition strategy
and shall continue to seek further opportunities.  The Company is very well
placed to benefit from its wider product offerings and enhanced business
solutions."



13 January 2004



For further information, please contact:
Paul Coleman           Systems Union Group plc        01252 556000
Robert Gibb            Systems Union Group plc        01252 556219/ 07767 216021
Trevor Bass            Fleet Financial                020 7067 0743






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