Tungsten Network signs GE

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For Immediate Release 19th May, 2014

MARKET UPDATE

Tungsten Network signs GE

Accelerating delivery of the business plan

London, 19th May - Tungsten Corporation plc (LSE:TUNG) is delighted to announce that:

- Tungsten Network has been contracted by GE to rollout a multi-year e-Invoicing programme into every GE operation globally, with potential invoice volumes of over 16m per annum. GE will also take Tungsten's Invoice Status Service.

Edmund Truell, Group CEO, Tungsten Corporation plc, said, "Tungsten Network is accelerating its expansion, with another new customer choosing us to offer electronic invoicing services globally - on a scale comparable with the entire volume of invoices being transacted over the network last year."

Results for the full year to 30 April 2014 will be announced in July.

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.

The combination of Tungsten's core business areas offers an unrivalled proposition: Tungsten Network, built on OB10 e-Invoicing, simplifies and streamlines the complex invoice-to-pay process to connect supply chains and enable predictable payment. Compliant in 44 countries across Europe, the Americas and Asia Pacific, Tungsten Network can reduce invoice-processing costs by 60% and deliver an ROI in less than a year.

Tungsten Network Analyticsgives Procurement teams line-level insight into their spend data in real time. Tungsten Network Finance supports business growth by giving suppliers easy access to flexible supply chain financing through dedicated funds.

Tungsten connects many of the world's largest companies and government agencies to their thousands of suppliers around the globe. Governments are making their economies more efficient, managing working capital, streamlining the public sector and fighting fraud. Tungsten Network processed transactions worth over $185 billion last year for organisations such as ADS, BT, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's and the US Federal Government.

Contact:

Tungsten Corporation plc

Edmund Truell, Chief Executive Officer, +44 20 3435 5680

Sandra Higgison, Head of Global Communications, +44 20 7280 7973, [email protected]

Equus Group (Communications)

Piers Hooper / Sam Barton +44 20 7223 1100