First Day of Dealings

Utilitywise plc 

("Utilitywise" or the "Company") 

First Day of Dealings

Utilitywise plc, a leading independent utility cost management consultancy based in South Shields, Tyne and Wear, is pleased to announce the admission today of its ordinary shares ("Ordinary Shares") to trading on the AIM market of the London Stock Exchange ("AIM") and the commencement of dealings in its ordinary shares under the ticker UTW ("Admission").

Utilitywise has raised £6.86 million before expenses through a placing of 11,425,842 new Ordinary Shares at a placing price of 60p per Ordinary Share ("Placing"). At the Placing price, Utilitywise has a market capitalisation of £36.9 million.

finnCap are Nominated Adviser and Broker to the Company and Hub Capital Partners are financial advisers.

About Utilitywise

The Company was founded in 2006 and has since established itself as a leader in energy procurement and energy management services. It has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving:

·; better value from their energy contracts

·; reduced energy consumption

·; lower carbon footprint

Utilitywise has achieved strong growth to date. The Directors believe that this growth has been achieved as a result of its focus on three key areas:

·; investment in IT infrastructure

·; focus on business process management

·; development of its energy management products and services

Utilitywise operates from headquarters in South Shields and currently employs around 230 staff across its operations.

Use of proceeds

The proceeds of the placing will provide the Company with the opportunity to grow further organically, particularly through increasing headcount and in further developing the Company's energy management products and services. In addition, the Directors have identified a number of potential acquisition targets which they believe would offer either increased volume in the energy procurement business or good synergies with the Company's products and services.

The Directors also intend to continue to explore opportunities to expand in overseas markets, with an initial focus on France and Germany.

Current Trading

Utilitywise has grown strongly over the last three years and the trend is continuing. In the six months to 31 January 2012, revenues were 52 per cent ahead of the same period in 2011. The Directors are continuing to see strong growth in the year to date and look forward to the future with confidence.

Geoff Thompson, Chief Executive, of Utilitywise, commented:

"We are delighted to have received such strong support and welcome some major institutions as shareholders in our Company. Since 2006 we have helped thousands of UK businesses to not only find the best energy tariff to suit them but also to help them manage their energy consumption much more effectively and lower their carbon footprint.

"We have invested heavily over the years in our proprietary IT infrastructure and unique products which highlight energy inefficiencies and enable our customers to make significant savings on their energy spend. The additional funds that we have raised will allow us to increase our headcount and thereby reach a greater audience, consider complimentary acquisitions and also look to certain European markets where recent deregulation presents real opportunities.

"This is a very exciting time for Utilitywise. With strong revenue visibility, a unique product offering backed up by our own proprietary IT and our outstanding employees, the Board look to the future with great confidence."

For further information:

Utilitywise 0870 626 0559

Geoff Thompson, CEO

Andrew Richardson, CFO

Adam Thompson, COO

finnCap (NOMAD and broker) 0207 220 0500

Sarah Wharry / Charlotte Stranner / Henrik Persson

Corporate Finance

Simon Johnson

Corporate Broking

Newgate Threadneedle 020 7653 9850

Josh Royston / John Coles / Hilary Millar

Hub Capital Partners 020 7535 1710

Stephen Bourne