Director's Disclosure

29 October 2013

IBEX Global Solutions plc

("IBEX", "Company" or "the Group")

DIRECTOR'S DISCLOSURE

IBEX Global Solutions plc (AIM: IBEX) hereby notifies, in accordance with its disclosure obligations under AIM Rule 17, the following director's disclosure in respect of paragraph (g)(viii) of Schedule Two of the AIM Rules for Zia Chishti, the Company's Non-Executive Chairman.

On 27 June 2013, the Securities and Exchange Commission of Pakistan ("SECP") concluded proceedings against Mr Muhammad Ziaullah ("Zia") Khan Chishti, as Chief Executive Officer of TRG Pakistan Limited ("TRGP"), under which Mr Chishti was found to have breached Clauses 16(vi) and 35(xxiii) of the Listing Regulations issued by the SECP, having sold shares in TRGP during a closed period and failing to notify the Karachi Stock Exchange. A one-time fine of PKR 400,000 (approximately GBP 2,300) was levied by the SECP in respect of the matter.

Mr Chishti has clarified that the trades at issue were part of a sale and repurchase agreement that was effectively a loan transaction with Mr Chishti's correspondent brokerage. The sales did not reflect trades for value, and Mr Chishti's ultimate beneficial ownership before and after the transaction was unchanged. Accordingly, the violation was technical in nature, and Mr Chishti remains a director and executive in good standing at TRG Pakistan.

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