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ALPHAMERIC PLC

INTERIM MANAGEMENT STATEMENT

Embargoed for release on 16th October 2009 at 7:00 am

Alphameric plc

Interim Management Statement

Alphameric plc ('Alphameric' or the 'Group') announces its Interim Management Statement covering the period from 1st June 2009 until the date of this statement.

Background to Alphameric plc and its subsidiaries (together 'Alphameric' or 'the Group') and Amalgamated Racing Limited ('AMRAC').

Alphameric is a leading provider of end to end technology solutions to the gaming market in the UK and the Republic of Ireland comprising Electronic Point of Sale (EPoS) systems, display systems and a range of other value added business focused solutions.

Alphameric is also a 50% shareholder in AMRAC, the joint venture company between Alphameric and Racecourse Media Services Limited (which is in turn owned by a number of the UK's foremost racecourses and Racecourse Investments Limited), which holds exclusive licences with 31 racecourses to broadcast pictures, audio and data from these courses to licenced betting offices within the UK and Republic of Ireland on its television channel, TurfTV.

Trading & Financial Position

Overall the Group's trading performance since 1st June 2009 has been broadly in line with management's expectations.

The Group continues to maintain a strong balance sheet with no external debt. As at 30th September 2009, the Group had cash balances (including Alphameric's share of AMRAC's cash balances) of £20.8 million (30th September 2008: £18.0 million net cash), which represents a significant proportion of the Group's overall net assets.

AMRAC has continued to perform in line with management's expectations for the period since 1st June 2009 and now has in excess of 10,000 licenced bookmaking offices taking its TurfTV channel. Adrian Ford was appointed as AMRAC's managing director on 1st October 2009.

Alphameric Solutions' trading is traditionally weighted towards the final quarter of its financial year. Notwithstanding the current difficult market conditions we believe that this business should trade profitably for the year to 30th November 2009.

Offer Period

On 13th August 2009, Alphameric announced that it had received a very early stage expression of interest from a third party which might or might not lead to an offer being made for the Company. 

Shareholders should be aware that there is no certainty that an offer will be forthcoming.  The Board will update shareholders in due course.

  Forward Looking Statements

This document includes forward looking statements concerning both the Group and AMRAC. Whilst these forward looking statements are made in good faith they are based upon the information available to Alphameric as at the date of this statement and upon current expectations, projections, market conditions and assumptions about future events and should be treated with an appropriate degree of caution.

Ends

For further information please contact:

Alphameric:

Peter Bertram - Chairman	01483 293971
Alan Morcombe - Group Chief Executive
Mike McLaren - Group Finance Director
Weber Shandwick Financial:
Nick Oborne	0207 067 0700
Clare Thomas

            

                                

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