First day of Dealings

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Fusionex International plc

("Fusionex" or "the Company")

First day of Dealings

Fusionex, an award winning international provider of enterprise software solutions and related services, is pleased to announce the commencement of dealings in its Ordinary Shares at 08.00 today on LSE AIM under the ticker symbol FXI.

Admission details

·; The Company has raised approximately £12 million before expenses through the placing of 7,666,667 ordinary shares with institutional investors and private individuals at a Placing Price of 150 pence per share.

·; The market capitalisation of Fusionex on Admission at the Placing Price will be approximately £64.5 million.

·; The Placing was well received and significantly oversubscribed by institutional investors and private individuals in the UK.

·; Fusionex will use the net proceeds of the Placing to fund product development, expand its sales capabilities and provide additional working capital.

·; Fusionex has been profitable since 2007 and in the 12 months to 30 September 2012 generated revenues of US$10.0 million and profit after tax US$4.2 million.

·; Panmure Gordon & Co. is acting as Nominated Adviser and sole broker to the Company.

Ivan Teh, Chief Executive of Fusionex commented:

"I am delighted with the positive response we have received from investors with the placing being significantly oversubscribed. We have a clearly defined growth strategy and believe our business is well placed to continue to capitalise on a number of strategic growth initiatives.

I look forward to our new life as an AIM-listed company continuing to build shareholder value for our new high-quality institutional shareholder base."

For further details:

Fusionex

About Fusionex

Fusionex and its subsidiaries (the "Group") are an award winning international provider of enterprise software solutions and related services primarily focused on the high growth Asia Pacific region. Profitable every year since 2007, the Group is increasingly focused on serving the business intelligence marketplace and notably in relation to the Big Data challenge.

Fusionex's software solutions offering is focused on two sectors: core transactional systems and business intelligence. The Group's solutions in each sector revolve around a highly intelligent proprietary core which was designed from the ground up to be easily customisable and extendable to suit the needs of a wide variety of industries. The Group complements its proprietary software products and solutions with the provision of maintenance, enhancements and support, together with expertise in consulting and implementation, to provide a complete offering to its clientele.

Core transactional systems are the backbone applications of an organisation, the systems that are required to be in place to run the day-to-day operations of the different departments within a business, as well as interface with other systems such as finance and human resources.

Business intelligence aims to improve business insight to support better business decision-making by increasing the quality, reliability and visibility of information. In a worldwide survey conducted by Gartner, business intelligence was ranked first in the top ten technology priorities for CIO's in 2012, and the same sentiments were echoed in an Asia focused survey conducted by Gartner.

Fusionex operates principally in the Asia Pacific region, where IT spend is estimated by IDC to grow at a CAGR of 5.2 per cent. to US$681 billion in 2016 and the Directors believe that Fusionex is well placed to capitalise on this growth by providing customers with solutions which render a lower Total Cost of Ownership and a quicker Return on Investment. Fusionex also successfully markets outside of the Asia Pacific region, with all non-Asia Pacific revenues accounting for approximately 24 per cent of total Fusionex Group revenues in the 12 months to 30 September 2012.

Whilst Fusionex's solutions are platform agnostic, the Group has developed a relationship with Microsoft. In 2012, Fusionex was invited to be a member of Microsoft's Platinum Club and was named the Microsoft Business Intelligence Partner of the Year. Fusionex also sits on Microsoft's Global Advisory Panel for Business Intelligence.

The Group's existing customer base includes a number of large multinational corporations and leading ASEAN conglomerates.

Since 2007, the Fusionex Group has recorded annual profits each financial year, and has enjoyed a consistent track record in terms of growth in revenue, EBITDA and profit after tax year on year. In the 12 months to 30 September 2012, revenues were US$10.0 million and profit after tax US$4.2 million. In addition, the Directors believe that the Group has a high level of visibility on its revenues in part due to the recurring nature of the business with its customers, underlying the quality of earnings. The Group has grown organically without any venture capital, angel investors or private equity funding, while consistently paying dividends over the last three years.