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Datalex plc Announces Preliminary Results for the year ended 31 December 2007

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Dublin, Ireland 11 March, 2008 – Datalex Plc today announced its full year results for the year ended 31 December 2007.

“The results for the year show a loss before tax of US$2.1m (2006: profit US$1.1m) on revenues of US$31.0m (2006: US$26.6m), and include a once-off restructuring charge of US$1.2m”, according to Cormac Whelan, Chief Executive Officer of Datalex. “I am pleased to report that total revenue grew by 16% in 2007, driven mainly by a 26% increase in E-business revenue, including a trebling of transaction revenue to US$7.5m. Growth is expected to continue as the transaction model gains critical mass and generates revenue over a sustained period.

Our cash balances at year end amounted to US$19.2m (2006: US$29.4m). The decline of US$10.2m was largely as a result of ongoing product development investment of US$6.7m and an increase in net trade receivables of $6.0m.

The decline in profitability in 2007 can, to a large degree, be attributed to the sustained volatility in foreign currency markets that persisted throughout 2007, which had a significant impact on the group’s cost base. As reported at the interim stage, the group suffered from cost pressures in H1 2007, which were addressed through the restructuring plan. Despite this, further sharp weakening of the dollar in H2 2007 continued to impact negatively on the cost base.

Datalex entered 2007 on the back of the successful launch and deployment of our Travel Distribution Platform (TDP) product suite.  In 2007 we transitioned a number of airlines, including Aer Lingus, South African Airways, Saudi Arabian Airlines and Aerovias de Mexico to TDP. We also expanded our footprint in the travel agency segment, by signing up one of the world’s largest travel agencies, Flight Centre.

The global spread and brand quality of our customer base has reinforced Datalex as one of the world’s leading providers of travel software products and has helped ensure a continued healthy pipeline of business growth. In 2007, Datalex software processed over ten million flights worldwide and this is projected to grow substantially over the coming years.

In 2007, we continued to invest in product development, to enhance the customer value of our product suite.  We have also developed much closer integration and alignment with our customers as a result of the delivery of our product investment roadmap.  This integration has delivered faster implementations; with earlier transaction revenue and a more commercially focused approach to product investment.   In 2008 we will continue to enhance our product suite, most significantly with the launch of TDP version 1.3, which will deliver significant new functionality in offline distribution channels, such as call centres and points of sale, thus broadening our potential customer base within the travel industry.”

The following sets out a summary of the results for the year.

 * EBITDA – Earnings before interest, tax, depreciation and amortisation.

For more information, contact:

David Kennedy                           Ornagh Hoban   
Datalex, Ireland                          Datalex, Ireland             
+ 353 1 806 3500                        + 353 1 806 3500                      
David.Kennedy@datalex.ie           NewsDept@datalex.com