Globo plc

HALF YEAR PERIOD END TRADING UPDATE

Globo plc ("Globo";
LSE-AIM: GBO), a leader in the Information and Communications Technology market
in Greece, is pleased to present an update on trading
for the six months ended 30 June 2008, its first since
Admission to AIM in December
2007.

The strong momentum experienced in 2007 has
continued into the current year.  Despite seasonal
trends whereby the first half of the year is typically quieter than the second
half, performance during the first half year has been
towards the top end of
management’s expectations with revenue expected to show
a growth of over 70% when
compared to the pro forma revenues for the same period
in 2007.  Profit
before tax margins are expected to be slightly ahead of
those for the same period last year.

Order intake during the period has been strong including
a number of substantial digitalisation
contracts that have been signed
with public sector clients including the Greek Ministry of Mercantile Marine,
the Greek Ministry of National Education and Religious Affairs and the
Parliament of Greece. These, together with a significant
number of smaller private sector contracts,
mainly focused on e-business platforms, have resulted in
the forward order book increasing to €9.3 million
as at 30 June 2008 (31 December 2007: €3.6 million),
the bulk of which is expected to be delivered during the current year.  

Good progress has been made during the half year
in developing Globo’s operations.  An operating
subsidiary has been established in Romania with
the expectation that in-country sales will
commence towards the end of 2008.
 Planning for additional operating
subsidiaries in Cyprus and Bulgaria is
under way.  Globo
has been operating in Cyprus since
2007 through a reseller network and
expects to achieve a stronger market presence with a
wholly owned operating
subsidiary.  

Globo’s non-executive Chairman, Brett Miller
commented: "Globo has made excellent progress in the
first half of 2008. The second half of the year is traditionally the strongest
trading period for Globo and we start this period
with a record forward order book and a good pipeline of potential new business
in both the private and public sectors. We are confident of achieving a good
result for 2008 as a whole."

Globo expects to announce its full results for
the six months ended 30 June in  September.

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CONTACTS

About Globo

GLOBO plc was admitted to AIM in December
2007. 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 and
S.a.a.S. vendors in Greece. 
For further information please go to www.globoplc.com. 

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