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Datalex plc Announces Preliminary Results for the year ended 31 December 2006

Dublin, Ireland/March 12, 2007 – Datalex Plc (ISE: DLE; OTC: DLEXY) today announced its preliminary results for the year ended 31 December, 2006.

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“The results for the year show a profit before income tax of $1.1m (2005: $1.9m) on revenues of $26.6m (2005: $28.4m),” according to Cormac Whelan, Chief Executive Officer of Datalex. “While revenues reduced by 6% from the previous year, this was the pivotal year in our transition from a licence based to a transaction based business model. In the last quarter of the year we brought United Airlines, STA Travel (the world’s largest student travel agency), Virgin Atlantic and Scandinavian Airlines (SAS) live on the new model and as a result 2007 should see double digit growth to the top line.

The results include a foreign exchange gain of $1.2m. This was partly offset by an increased cost base due to the strength of the Euro against the Dollar.

During 2006 we had the successful launch of our new Travel Distribution Platform (TDP, the name given to our product suite). This saw the ‘go live’ of a number of significant customers, notably Virgin Atlantic and STA Travel in September, United Airlines in November and SAS in December. Traditionally our products’ core competence has been the online distribution of an airline or agency’s products (i.e. seats, cars, hotel and packages etc). As we continue to develop our product suite, we are now moving to assist distribution of their products in the offline environment, that is, through their call centres and points of sale (STA Travel for example). This is a new direction for Datalex but in line with our vision of being the distribution platform for the travel industry.

While our transaction revenue commenced later than expected in 2006, we believe the transaction model will continue the transformation of our business and we are confident that 20-25% of our revenues will be transaction based in 2007. We continue to add brand name customers to TDP (and the transaction model) and we are currently implementing another five customers to ‘go live’ in the second half of 2007.

The Group continued to make major investment in its technology platform during the year (2006: $5.8m net of amortisation, 2005: $3.6m). In 2007, we expect to continue this rate of investment and we will release new products to market. This will enable new customer acquisition in the agency and tour operator sectors while cementing our position as an industry leader for the airline sector. In 2007, we will continue to reap the benefit of product investment to date with faster time to market and prestigious customer acquisition. I anticipate that this will lead to greater revenues from our transaction based model in years to come. We look forward to 2007 with confidence.’’