Tungsten launches SAYE share option scheme

TUNGSTEN CORPORATION PLC

("Tungsten")

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For Immediate Release 5th August, 2014

MARKET UPDATE

Tungsten launches SAYE share option scheme

London, 5 August - Tungsten Corporation Plc ("Tungsten") is delighted to announce the success of the company's new Save As You Earn (SAYE) share option scheme (the "scheme"), with 52 employees choosing to participate.

Eligible employees have been granted 261,344 options, which represent 0.3% of Tungsten's existing issued share capital of 100,000,000 ordinary shares. Under the terms of the scheme, the options were granted at an exercise price of £2.25, which represents a 20% discount on the mid-market price at close of business on 14th July 2014. The board formally approved and granted these options on 4th August 2014.

Eligible employees participating in the scheme have committed to contribute between £5 and £500 per month over a three-year period. At the end of that contracted period, their accumulated funds can then be withdrawn from the scheme as cash or used to exercise the options at the contracted price.

Three of Tungsten's directors, Edmund Truell (Group Chief Executive Officer), Jeffrey Belkin (Group Chief Financial Officer) and Lincoln Jopp (Group Chief Operating Officer), have entered into this scheme, as follows:

LONDON, 5 August 2014

Enquiries:

Tungsten Corporation plc

Edmund Truell, Chief Executive Officer +44 20 3435 5680

Sandra Higgison, Head of Global Communications +44 20 7280 7973

Charles Stanley Securities(Nominated Adviser and Joint Broker)

Marc Milmo/Dugald Carlean +44 20 7149 6000

Canaccord Genuity Limited(Joint Broker)

Simon Bridges/Peter Stewart/Cameron Duncan +44 20 7523 8000

Equus Group (Communications)

Piers Hooper / Sam Barton +44 20 7223 1100

About Tungsten Corporation plc

Tungsten Corporation (LSE: TUNG) accelerates global trade by enabling customers to streamline invoice processing, improve cash-flow management and make better buying decisions from their detailed spend data.

Buyer organisations that join Tungsten Network, built on OB10 e-Invoicing, can reduce their invoice-processing costs by 60%. Suppliers benefit from efficiencies, greater visibility of their invoice status and peace of mind. Tungsten offers supply chain financing through Tungsten Bank to suppliers and helps buying organisations profit by applying real-time spend analytics to its vast repository of line-level invoice data.

Tungsten connects the world's largest companies and government agencies to their thousands of suppliers around the globe. It is compliant in 46 countries, and processes transactions worth over $187bn per year for organisations such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's and US Federal Government.

Tungsten Corporation joined forces with OB10 in 2013 to create the world's largest electronic trading network.