RNS Number:5185T
Sirius Financial Solutions PLC
22 December 2003


22 December 2003

                         Sirius Financial Solutions Plc

                Trading Update For The Year To 31 December 2003


2003 has seen the Group  benefit from continued sales of all of its  three
market leading products and the expansion of its market share of Insurance
Broking, IFA and Insurer Underwriting customers. This, together with the
successful deployment of a number of large solutions, is ensuring good
underlying growth of the Group's recurring support revenues.

Whilst this growth in recurring revenues is encouraging, in common with many
software companies, the group is still  dependant upon the closing of new
licence deals towards the end of each financial period to achieve its expected
revenues and profits. The Group's current prospect list is strong and the
Directors confidently expect to close the year with a healthy order book for
2004. However, due to some unexpected delays and the increasingly lengthy period
of time taken in completing contract paperwork, the Group, whilst expecting to
report a profit at the year end, does not expect to meet market expectations for
profit and revenue for 2003.

With this in mind, and with a view to moving the Group to a more predictable,
sustainable and ultimately more profitable revenue model the Group intends
during 2004 to introduce a more contemporary licence pricing strategy. This will
see a move away from higher value initial license fees to an annually renewable
fee. The Group believes this will also address the needs of its customers in
achieving a closer match of their costs to their business benefits.

 The Group intends to announce its results for the year ending 31 December 2003
in April 2004 and to make a further statement regarding trading in February
2004.

Enquiries:-

Citigate Dewe Rogerson (020 7638 9571)

Martin Jackson


                      This information is provided by RNS
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