AGM Statement

7 June 2016

EU Supply plc

("EU Supply", the "Company" or the "Group")

AGM Statement

At its Annual General Meeting to be held at 2.00 pm today, David Cutler, the Chairman of EU Supply plc (LSE AIM: EUSP), the e-procurement SaaS provider, will make the following statement:

"2015 saw double digit revenue growth to £2.8m and a 33% reduction in the Company's loss before interest and tax to £1.4m. In light of continuing pricing pressure in some markets and to reduce risk, the Board has set a target of achieving profitable monthly run rate by the end of 2016 in order to provide a sound platform for profitable growth through 2017 and beyond with the implementation of a cost savings programme which has now been completed. These cost savings are expected to have full effect in the second half of this year. The Board is also pleased to announce that in the first 5 months of this year, the Company has achieved double digit revenue growth, which is in line with the Board's expectations.

Business Alerts have continued to provide strong revenue growth, particularly in Norway. In addition, the Company has been awarded new medium and small contracts in the UK, Norway and Denmark during the last five weeks, including a university and an additional NHS trust in the UK, Nye Veier in Norway and additional module licenses with a Danish customer in the utility industry. At the same time, new business development in Germany and in the oil & gas and energy industries referred to in the Company's final results announcement released on 28 April 2016 continues.

With 73% of 2015's revenues as of 31 December 2015 being of a recurring or repeated nature together with licence enhancements, the business is developing broadly in line with management's expectations as outlined above.

The ratified EU directives, which require all public bodies and authorities to make available all documents and notices online and to manage all tender responses electronically, will continue to create growth and opportunities in the market. The Directors believe that EU Supply is well positioned to take advantage of this growing market."

FURTHER ENQUIRIES

A copy of this announcement is available at www.eu-supply.com.

Notes to Editors

EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for e-sourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.

The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 7,000 European public sector bodies in 9 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).

The Company's shares were admitted to trading on AIM in November 2013. In August and September 2015, the Company raised a total of £2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors.