Cedar Group PLC Continues Rapid Growth; First Half Results Announced Today Reflect eCedar Launch & Enterprise Business Solution Success.

LONDON--(BUSINESS WIRE)--Dec. 8, 1999--

Cedar Group PLC, announced their financial results for the first half of the results for the six month period ended 30 September 1999. The announcement is summarized as follows: -0-

-- Total Revenue up by 61% to (pound) 11.7 m
   (1998: (pound) 7.2m)
         -- License revenues up 83%
         -- Consultancy Services revenues up 82%
         -- Maintenance revenues up 19%

-- Pre-tax profits, before amortization, of (pound) 339,000
   (1998: loss of (pound) 828,000)

-- 98% take up of November rights issue which raised (pound) 26.7 m
   for the Group to facilitate growth

-- Establishing of eCedar, an e-Sourcing Application Service Provider
   ("ASP") service

Mike Harrison, Managing Director of Cedar Group commented:

"I believe that we are witnessing a very exciting phase in Cedar Group's development. The money raised via our recent rights issue has allowed the Group to complete strategic acquisitions, in particular within the significant North American market place, as well as to accelerate our ambitions to grow rapidly in key markets. We have enhanced and strengthened our skill and customer base with these acquisitions and will move into the new millennium with a balanced customer portfolio supported by an increased emphasis on service and consultancy, producing higher quality earnings.

I am particularly excited about the establishment of eCedar which is an Applications Service Provider, offering customers access to enterprise-level applications without the set-up and maintenance costs associated with an in-house system installation. This type of service offering is the future and Cedar is well placed to take maximum advantage."

About Cedar Group

Cedar Group US, Inc. is a member of Cedar Group Plc (FTSE:CED), the publicly traded leader in providing mid-market Oracle based financial applications. These applications include; financial management and reporting, time management, fleet management, job/project costing, workflow and imaging, data warehousing, call center operations and document management technology. In addition, Cedar Group US, Inc. also provides their eCedar offering - Internet based solutions for those companies wishing to outsource their business applications. Today over 400 blue chip organizations worldwide across major market sectors use Cedar products.

Our broad range of clients include; BP Chemicals, Cellnet, CFS Americas, EDS/Rolls Royce, Foster Wheeler, Gulf Oil, HM Treasury, Levi Strauss Canada, Millward Brown USA, Lucent Technologies, M.W. Kellogg, Radiator Specialties (makers of Gunk), Telefonica Larga Distancia, The University of Edinburgh and Virgin Direct to name a few.

For more information, visit Cedar's web site at www.cedargroupus.com or www.cedargroup.co.uk

Cedar Financials and eCedar are trademarks of Cedar Group US and Cedar Group Plc. Other products mentioned in this article are registered, trademarked or service marked by their respective owners.