Trading Statement

RNS Number:0996P
Sirius Financial Solutions PLC
21 July 2005


    NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA,
                       JAPAN OR THE REPUBLIC OF IRELAND.


21 July 2005

                         SIRIUS FINANCIAL SOLUTIONS PLC
                          ("Sirius" or the "Company")

                                 TRADING UPDATE


The Board of Sirius Financial Solutions plc, the specialist supplier of software
and services to the international insurance and financial services industry,
today issued the following trading update for the six month period ending 30th
June 2005.

"We are pleased to report that after our strong performance last year, the
company has continued to make further progress across all its areas of activity
in the first 6 months of this year.

In our Insurance Broking business we are delighted with the success and
acceptance into the market of our new online managed service 'Sirius 21'. Sales
have gathered momentum month on month since its launch in January 2005 with 40
brokers having signed up, 25 of whom are already live.

We have also made excellent progress towards achieving our stated aim of making
2005 a 'record year' for the sale of our S4I software for Insurance Companies
with 7 orders confirmed in the period. Pleasingly, we have seen sales in each of
our target markets of UK, US, Australia and Africa.

Our wholly owned offshore development centre in India, which was established in
2004, has grown to 30 staff with further recruitment planned over the next 2
years. Our utilisation of this development centre is already starting to have a
positive impact on our cost base and these further additions to our capacity in
India offers an opportunity for the company to strengthen its net margins over
the next few years.

Further benefits are also beginning to arise from reduced customer support
requirements following the launch of Sirius 21. Overall, the Board expects to
report sales growth and improved profitability for the first half of 2005 when
it announces Interim results in September."


For further information, please contact:

Sirius Financial Solutions (0121 779 8400)
Stephen Verrall
Richard Bowser

Citigate Dewe Rogerson (0207 638 9571)
Martin Jackson
George Cazenove

Notes to editors:

Sirius celebrates two decades of profitable growth as the market-leading
provider of insurance software solutions. Sirius's end-to-end, internet-based
solutions significantly improve business control, productivity & efficiency. And
with over 15,000 users in over 50 countries, Sirius is the solution of choice
for insurance professionals worldwide.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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