First Day of Dealings

29 November 2013

KALIBRATE TECHNOLOGIES PLC

FIRST DAY OF DEALINGS AND ADMISSION TO TRADING ON AIM

SUCCESSFUL PLACING RAISES £13.1 MILLION

London - Kalibrate Technologies plc ("Kalibrate" or the "Group"), a provider of proprietary software-based products and services to the global petroleum retail industry, is pleased to announce the commencement at 08.00 today of dealings in its Ordinary Shares on AIM, a market operated by London Stock Exchange plc.

Admission Details

· The Placing has raised approximately £13.1 million before expenses through the placing of 8,227,848 new shares on behalf of the Company and 8,354,430 sale shares on behalf of an existing shareholder (the "Placing").

· Gross proceeds to the Group of approximately £6.5 million, based on the placing price of 79 pence per Ordinary Share (the "Placing Price").

· The total number of Ordinary Shares in issue at Admission is 33,227,848,giving the Group a market capitalisation of £26.2 million at the Placing Price.

· The Group intends to use the net proceeds of the Placing to accelerate Kalibrate's growth strategy, in particular through the expansion of sales in both core, and into new geographies; investment in product development; funding the roll-out of a SaaS model; development of a managed services infrastructure; and the repayment of an existing shareholder loan.

· The Group's trading symbol is KLBT and the Group's ISIN code is GB00BFZCRC66.

N+1 Singer Advisory LLP acted as Nominated Advisor and sole Broker to the Group.

Commenting on the successful Placing and Admission to AIM, Bob Stein, Chief Executive Officer of Kalibrate Technologies plc commented:

"Investor response has been strong and I am delighted with the success of our Placing. This was a milestone event for us at Kalibrate and I'm proud to welcome on board our new, high-quality institutional shareholder base and look forward to delivering on our promise to them as we move to the next stage of our development as a quoted company.

"We have a clear strategy in place and look forward with confidence to delivering on that strategy as well as to the creation of value for all of our shareholders."

Terms defined in the admission document dated 26 November 2013 have the same meaning as when used in this announcement. The admission document is available on the Group's website: www.kalibratetech.com.

For further information please contact:

* * * * *

About Kalibrate Technologies plc

· Kalibrate is a well-established provider of pricing and retail planning tools to petroleum retailers worldwide. Based on its proprietary software and underpinned by an extensive library of petroleum market data, Kalibrate's products enable clients to devise new market entry strategies, plan and refine existing petroleum retail networks, and react to petroleum pricing changes on a real-time basis.

· The Group is the only global provider of both petroleum retail pricing and petroleum retail planning software and services. Accordingly, the Group is in a unique position to support its clients with both their strategic imperatives and their tactical requirements for pricing and planning. Compared to other competing vendors of pricing software, Kalibrate has a dominant share of the US and European markets although there remains a very significant portion of both markets as yet uncommitted to a commercial solution and therefore available for future growth.

· The Directors estimate that the Group's products and services target a current global addressable market of approximately £300 million in annualised recurring revenue from both the pricing and planning businesses, with almost half in emerging territories of Latin America, Africa, China, India and South East Asia. The Group is the only global provider of both petroleum retail pricing and planning solutions, competing largely against existing in-house legacy systems. The Directors believe Kalibrate is in a leading position to exploit this market opportunity and grow its market share.

· The global petroleum retail market is currently experiencing significant structural change, with certain large countries deregulating fuel pricing and the emergence of fuel pricing compliance frameworks. The market has increasingly seen the consolidation of retail networks, particularly in Europe and North America. Several major oil companies continue to divest retail assets which are subsequently being acquired, largely by convenience petroleum retailers. This consolidation has resulted in larger entities requiring a greater need for pricing and planning solutions and intelligence. The increasing compliance responsibilities in petroleum retailers' day-to-day operations require ever more sophisticated business pricing, planning and data analytics tools. At the same time, the Directors believe these organisations are seeking to take advantage of the opportunities presented by increasing levels of volatility in petroleum pricing and the opening up of new petroleum markets.

· Alongside these changing dynamics, the Directors believe that a large number of in-house systems being used by Kalibrate's existing and prospective clients to manage these issues are increasingly unable to cope, and therefore may need to be replaced or changed to meet these new requirements. The pricing of fuel products and the planning of retail chain networks are two critical business objectives for petroleum retailers to achieve greater profits, maintain compliance with regulatory requirements, invest capital in new or refurbished retail locations and achieve strategic objectives whilst also increasing return on investment.

· The Group's products have consistently demonstrated a significant return on investment for clients with typical payback periods of less than one year for pricing software and mitigation of fuel site capital investment risk for petroleum retailers.

· Kalibrate's client base extends to more than 300 clients across 68 countries. Its clients range from major multi-national oil companies, national and regional oil companies in multiple countries, convenience store chains and large format/supermarket retailers.

· Kalibrate has a proven financial track record. In FY 2013 the Group generated revenue of £15.47 million delivering EBITDA of £1.93 million and a profit before tax of £0.88 million.

· The Group's Board and senior management team have a strong track record across multiple markets, based upon extensive expertise of technology product development and of the petroleum retail industry the Group serves.

· The Directors believe that the Placing and Admission will enable the Group to more quickly and more effectively pursue its strategy for growth. Kalibrate, aided by funds raised pursuant to the Placing, is well positioned to enable its current and future clients to overcome current challenges, and embrace new growth opportunities, in the global petroleum retail market.

Ends