SALE OF STRICTLY EDUCATION LIMITED

FOR IMMEDIATE RELEASE 3 May 2016

Bond International Software plc

("Bond" or the "Company" or the "Group")

SALE OF STRICTLY EDUCATION LIMITED

Bond International Software plc, the specialist provider of software for the international recruitment and human resources industries, with operations in the UK, USA, Hong Kong, Japan and Australia, is pleased to announce that on 29 April 2016 it completed the sale of the entire issued share capital of its wholly owned subsidiary, Strictly Education Limited ("Strictly Education") to Education Services Solutions Limited ("the Buyer") (a newly formed company in respect of which a UK based private investment fund will own the majority interest and management will own a minority interest), for a total consideration of £11.3 million (the "Sale").

Strictly Education provides a range of outsourced payroll, HR, IT, property and other services to state schools in England. The consideration comprises an initial payment of £7.0 million in cash and an unsecured loan note for £4.3 million issued by the Buyer and guaranteed by Strictly Education, which is repayable no later than six months from today. The loan is interest free for three months following which interest is payable at 5% per annum.

In the year to 31 December 2014, Strictly Education had revenues of £10.2 million and made a profit before taxation of £1.8 million. At 31 December 2014 the fair value of Strictly Education's net assets in the Group balance sheet including acquired intangibles was £0.5 million. The net sale proceeds will be used initally to repay the Group's bank debt of £5.9 million and the surplus will be returned to shareholders in due course.

In addition, the Company intends to continue pursuing its strategy of selling one or more of the Company's operating divisions so as to maximise value for shareholders. It is intended that the Company's net cash from these sales will be returned to shareholders. Further announcements will be made in due course.

Commenting on the disposal, Chief Executive Steve Russell, said:

"Following the conclusion of the strategic review, I am pleased that we have been able to conclude the first of our disposals designed to maximise shareholder value."

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