Zurich, Switzerland – 21 July 2011 – Myriad Group AG (SIX Swiss Exchange: MYRN), a global leader in mobile technology having shipped over 3.8 billion software applications on more than 2.2 billion phones, today announced that it expects preliminary (unaudited) revenue of approximately USD 35 million for its First Half 2011 results.

Following the MobiWire (formerly Sagem Wireless) contract termination in September 2010 and MobiWire subsequently going into administration in May 2011, the income statement of Myriad Group AG will contain certain base effects when comparing fiscal year 2011/2010 results.

This revenue expectation represents year-on-year growth of 7% when making a direct comparison to the First Half 2010 non-Sagem related business that totalled USD 32.7 million, and reflects solid underlying core revenues.

On a level of EBITDA pre-restructuring costs, Myriad Group estimates a profit of USD 7-8 million reflecting steps taken to significantly reduce the cost base, and on a level of EBIT estimates a loss of USD 3-4 million for the first half of 2011. The cash position was USD 16.4 million as at 30 June 2011. Myriad will publish the detailed financial statements and its Half Year 2011 Report on 7 September 2011.   

Contacts
James Bodha     
Chief Financial Officer   
Tel: +41 44 823 8900   
Email: [email protected]

Richard Hornby
Investor Relations
+41 44 823 8900