Market Update

TUNGSTEN CORPORATION PLC

("Tungsten" or collectively the "Tungsten Group")

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For Immediate Release 29 April, 2014

Market Update

Luke McKeever, former CEO of OB10 Limited, the e-Invoicing Network acquired in October 2013 by Tungsten Corporation Plc has left his role as Executive Director by mutual and amicable agreement.

Luke had already transferred the bulk of his executive responsibilities in order to focus on the integration programme. As the first phase integration work is nearing completion, Luke has left the business to seek fresh challenges.

Luke McKeever comments: "Tungsten is in an enviable position, with excellent people and a wonderful customer base. The new capabilities and senior talent that Tungsten has brought to bear will help to underpin a very bright future. I would like to thank the team for their magnificent support over the past three years and wish them and our customers success in this exciting phase of growth."

Arnold Hoevenaars, Chairman of Tungsten Corporation plc, commented, "Luke's customer-focused efforts helped to develop a superb platform for our new solutions and his day to day involvement in the transition to Tungsten Corporation has provided a strong platform for success. On behalf of the Board, I would like to thank him for his significant contribution to the business."

LONDON, 29 April, 2014

Enquiries:

Tungsten Corporation plc

Edmund Truell, Chief Executive Officer +44 20 3435 5680

Equus Group (Communications)

Piers Hooper / Sam Barton +44 20 7223 1100