Further re London Metal Exchange contract

Xchanging plc

Further re London Metal Exchange Contract

Xchanging plc ("Xchanging"), the business process, procurement and technology services provider reports that, following its announcement of 26 March 2013 on this matter and following further discussion, the provision of services under the current contract with the London Metal Exchange ("LME") will end with effect from 1 May 2014.

The LME has a contractual entitlement to retain Xchanging to provide certain selected services beyond 1 May 2014 and discussions on this matter continue. Any services provided as a result of these discussions are likely to be on a substantially smaller scale than the current contract.

As set out in the announcement of 26 March 2013, the contract review reflects the change in ownership of the LME to the Hong Kong Exchanges and Clearing Ltd which completed in December 2012. Xchanging understands that the decision to review the contract is due to strategic decisions taken by the LME's new owners and not in any way due to dissatisfaction with the service Xchanging provides.

Enquiries

David Bauernfeind, Chief Financial Officer

Alexandra Hockenhull, Head of Corporate Communications

and Investor Relations

Brian Hudspith

Emma Burdett

Dan Yea

Xchanging

What we are 

Xchanging provides business processing, technology and procurement services internationally for customers across multiple industries.

What we do

Xchanging brings innovation, thought leadership and passion to its customers' businesses so as to enhance performance and value. Our values are embedded into everything we do.

What we want to be

Xchanging wants to be regarded as the best provider in its chosen markets by delivering services that are recognised for outstanding quality, reliability and innovation.

www.xchanging.com

Cautionary Statement: 

This announcement contains forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as anticipate, target, expect, estimate, intend, plan, goal, believe, will, may, should, would, could, is confident, or other words of similar meaning. Undue reliance should not be placed on any such statements because they speak only as at the date of this document and, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and Xchanging's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements.

There are a number of factors which could cause actual results to differ materially from those expressed or implied in forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are; increased competition, the loss of or damage to one or more key customer relationships, changes to customer ordering patterns, delays in obtaining customer approval or price level changes, the failure of one or more key suppliers, the outcome of business or industry restructuring, the outcome of any litigation, changes in economic conditions, currency fluctuations, changes in interest and tax rates, changes in raw material or energy market prices, changes in laws, regulations or regulatory policies, developments in legal or public policy doctrines, technological developments, the failure to retain key management, or the key timing and success of future acquisition opportunities or major investment projects.