WSPR Worldspd

TIDMWSPR

RNS Number : 2462P

Worldspreads Group PLC

30 September 2011

WorldSpreads Group plc

Trading update for the six months ending 30 September 2011 and publication of Annual Report and Accounts

The Board of WorldSpreads Group plc ('WorldSpreads' or the 'Company') is pleased to provide the following trading update for the six month period ending 30 September 2011.

The Company has continued to enjoy increased levels of business, as represented by Active Clients and Trade Numbers, in the period since 31 March 2011, driven partly by higher levels of volatility in the financial markets. In particular, the month of August was the busiest trading month in the history of the Company. The Company has maintained a conservative hedging policy during this period and expects to announce top line revenues comfortably ahead of the same period last year.

The Company has continued its international expansion during the period and is now seeing positive returns from the investment it has made in these markets. The Company is pursuing a number of new opportunities both internationally and in the UK which the Board expects to contribute to top and bottom line growth in the current financial year. Further investment in the Company's IT infrastructure has been made and the Company is expecting to launch a new mobile trading platform and a CFD platform before the calendar year end. The Company continues to maintain a tight control over its cost base.

The Board is satisfied with the progress the Company has made in the past six months and is encouraged by the pipeline of opportunities the Company has to fuel growth in the coming periods.

Annual Report and Accounts

WorldSpreads Group plc announces that copies of its Annual Report and Accounts for the financial year ended 31 March 2011 were posted to shareholders on 29 September 2011. An electronic copy of the Report and Accounts is available from the Company's website at www.worldspreads.com.

For further information, please contact:

WorldSpreads Group plc

Conor Foley, Chief Executive Officer / Niall O'Kelly, Chief Financial Officer

+353 (0)1 775 5210 / +44 (0)20 7398 5100

Collins Stewart Europe Limited

Matt Goode / Ileana Antypas

+44 20 7523 8350

Bloxham

Peter O'Carroll

+353 (0) 1 611 9200

This information is provided by RNS

The company news service from the London Stock Exchange

END

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