Globo plc

08 May 2008

FOR IMMEDIATE RELEASE                                                 8 May 2008
                                   Globo plc
                     ANNUAL GENERAL MEETING: TRADING UPDATE
Globo plc ("Globo" or the "Company"; LSE-AIM: GBO), a leader in the Information

and Communications Technology market in Greece, will be holding its Annual

General Meeting later today.
The non-executive Chairman, Brett Miller, will issue the following short trading

update:
"We are pleased to report that Globo is maintaining strong momentum within its

business.
"At the end of March at the time of announcing the results for 2007, we reported

that the Company had an excellent forward order book including approximately

€4.0 million of contracts for delivery in 2008 for digitalizing Greek state and

parliamentary archives as well as a strong pipeline of potential future

business.
"Globo’s current order backlog is approximately €6.7 million, up from €3.6

million at the end of 2007.  Revenue growth during the first quarter of 2008

has been strong in what is traditionally the quietest period of the year.  The

Board has confidence in being able to deliver a good result for 2008, as a

whole, based on the contracted projects together with ongoing business

development and a historically strong last quarter of the year."
END
CONTACTS
Globo plc

Costis Papadimitrakopoulos, Managing Director                   +30 210-646-6008

Dimitris Gryparis, Finance Director                             +30 210-646-6008
Bankside                                                        +44 20-7367-8888

Simon Bloomfield or Steve Liebmann
NCB Stockbrokers Limited (Nomad & Broker)                       +44 20-7071-5200

Christopher Caldwell or Jonathan Gray
About Globo
GLOBO plc was admitted to AIM on 14 December 2007 having raised £3.1 million via

a placing of shares with institutional investors. Founded in 1997 by

Konstantinos Papadimitrakopoulos and headquartered in Halandri (a suburb of

Athens), Globo has established itself as one of the market leaders in the Greek

ICT market. It provides e-business and telecom software products and related

services to the private and governmental sectors in Greece as well as developing

and operating broadband wired and wireless networks. It has developed to become

one of the largest e-business software vendors in Greece.
Globo has expanded its service offering and has developed valuable IPR assets

in the form of its e-business and broadband access technologies, as well as

developing proprietary software platforms using both its own in-house

capabilities and the contracted services of third party technology providers.
Globo purchases technology solutions and services that can be integrated into

its own products. These integrated software solutions and related services are

sold to private and Governmental organisations, primarily on a project basis,

through sales developed directly by Globo’s own personnel. In addition, Globo

has a number of large corporate clients and works closely with solution

providers and sales channel partners to win contracts from the Greek Government.
Globo’s products are used by private and public organisations that include more

than 600 corporate and SME clients and more than 60 public sector clients. They

are also sold through 14 value added resellers to a large number of indirect

customers. Globo’s direct private sector customers include Xerox, National Bank

of Greece, Velti, Group Marinopoulos and the University of Brighton.
Globo’s public sector customers in Greece include the Ministry of Foreign

Affairs, the Ministry of National Education and Religious Affairs, the

Municipalities of Halandri and of Maroussi and the Hellenic parliament.
Globo’s e-Business platform, as well as its e-Commerce and broadband access

technology products have been successfully marketed and operated in Greece, UK,

Ireland, France, Belgium, Cyprus, Romania, Bulgaria, Spain and Italy.
The three components of the Globo Group’s key software revenue stream are

outlined below:
•  products and services that facilitate e-business;

•  products and services that enable access to broadband; and

• resale of third-party goods
The first two product groups, the e-business and broadband access, are offered

as a software licence or S.a.a.S.
                      This information is provided by RNS

            The company news service from the London Stock Exchange