News & Events

Following completion of a review by the nCipher plc (“nCipher”) Board of the business of Abridean (US) Inc. (“Abridean”), in which nCipher has held a 61% stake for 12 months, it is now clear that Abridean’s business has developed considerably more slowly than anticipated. The Board believes that this pattern is likely to continue in 2007 and therefore now considers it likely that the achievement of breakeven by Abridean will take significantly longer than previously expected. However, the Board remains confident that nCipher will continue to grow in 2007 and beyond.

Accordingly the Board announces that nCipher’s revenue for the full year ending 31 December 2006 will be slightly lower than expected.  However, the Board continues to believe that nCipher’s earnings before interest, depreciation and amortisation (EBITDA) for the current year will be in line with expectations.

Enquiries:

Liz Harris, Director Corporate Communications               Tel: +44 (0)1223 723612

Financial Dynamics

Juliet Clarke / Giles Sanderson / Hannah Sloane              Tel: +44 (0)20 7831 3113