Stmnt re Share Price Movement

23 October 2013

Quixant plc

("Quixant" or the "Company")

Statement re Share price Movement

The board of directors (the "Board") of Quixant (AIM:QXT), a leading provider of specialised computing platforms for casino gaming and slot machine applications, notes the substantial movement in the Company's share price since 18 October 2013. The Board wishes to state that it is not aware of any reason for such movement.

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About Quixant

Quixant, founded in 2005, designs and manufactures complete advanced hardware and software solutions (Gaming Platforms) for the pay-for-play gaming and slot machine industry. The Company currently has a total of 56 employees and is headquartered outside of Cambridge in the UK, with its global sales team, finance, marketing and administrative functions based at its head office. Its US subsidiary, based in Las Vegas, is responsible for sales and sales support to the North American market. Quixant has its own manufacturing and engineering operation in Taiwan, which has evolved with the rapid growth of the Company. Quixant's Italian subsidiary, Quixant Italia, houses the Group's software engineering and customer support team.

Quixant's high quality, specialised products provide an all-in-one solution, based on PC technology but with augmentative hardware features and operating software developed specifically to address the requirements of the gaming industry. Products feature innovative mechanical designs which are optimised for operation in the gaming and slot machine environment. Quixant's proprietary hardware and embedded software is flexible in its design, enabling Quixant to easily respond to changes in regulation or customers operating in different markets or jurisdictions.