Notice of Interim Results and Trading Update

22 July, 2014

Galasys PLC

("Galasys" or the "Group")

Notice of Interim Results and Trading Update

Galasys PLC (AIM:GLS), a leading provider of ticketing systems and solutions to the fast growing theme park industry in Asia, today announces an update on trading ahead of the half year results for the six months ended 30 June 2014 (the "period"), which Galasys will publish in early September 2014.

Trading Update

The Board is pleased to report that Galasys has performed well in the first half of the year and as a result, anticipates delivering results ahead of market expectations.

Highlights

• Successful IPO to AIM in May 2014, raising gross proceeds of £3.1 million at a placing price of 22.5p

• Secured new contracts to supply solutions and services to an additional 19 new amusement parks including a major Ticketing IT Outsourcing (TiTo) contract, Galasys fourth TiTo contract, with Wenzhou Water Park

• Awarded first ever Movie theme park ticketing contracts by the Dalian Wanda Group

• Awarded a second contract to deploy ticketing and membership management modules and services to Dalian Wanda's indoor Kids' Parks across China

• The market continues to be strong in China with new upgrade contracts secured from existing customers such as OCT

• Galasys GLT (formerly Green Laser Technology) successfully integrated into the Group and performing ahead of management expectations

Commenting on the announcement, Mr. Seah, Chief Executive, said:

"The Board is delighted with the Group's performance in the first six months of 2014. The performance is particularly impressive given the management time taken in completing our successful IPO. Since the IPO we have continued to win significant new contracts with some of China's most important theme park operators and look forward to delivering a good performance for the full year."

For further information, please contact: 

The Group's website can be found at: www.Galasystec.com

About Galasys

Galasys is a leading integrated and modular amusement park solutions and services provider to premier amusement parks in China and South East Asia. Through its proprietary systems, the Group provides amusement park operators with the ability to sell, manage and analyse tickets, visitors, merchandise sales and other amusement park operations. It has been operating since 2005 and supplies solutions and services to 79 amusement parks in China and South East Asia. The Group has invested more than 50 man-years in R&D and owns the intellectual properties to its software and systems.

The Group's market position in China has been the culmination of a proven and reliable technology platform and long lasting relationships with amusement park operators, for example Chime Long and the OCT Group, which are two of the largest amusement park operators in China by number of park visitors and tickets sold annually. In addition, the Group is well placed to benefit from the continued urbanisation and growth in Asia.

The Group's first ticketing management system contract was awarded in 2005 by Chime Long Group. The Group currently employs 62 members of staff and exclusively retains 44 research and development staff provided by third party developers.