CBUY.L Regulatory News (CBUY)

16 October 2013

@UK PLC

("@UK" or the "Company")

Senior Management Appointment

Appointment of CEO, Asia Pacific, to lead cloudBuy roll-out

@UK plc (AIM:ATUK.L), the cloud eCommerce marketplace, is pleased to announce the appointment of Dale Stephens as CEO, Asia Pacific. Dale will oversee the expansion of cloudBuy, @UK's recently launched cloud-based advanced e-procurement system, in Asia Pacific, in conjunction with @UK's partner Visa.

Dale comes to cloudBuy from an extensive career both as a successful CEO of four private sector organisations and as a senior civil servant in New Zealand. He also holds a range of governance and trustee positions and has a clear understanding of the financial issues facing governments throughout the Asia Pacific region and the effect of international events on the economies of the area.

Dale and his team will focus on developing the existing pipeline of opportunities in Australia and New Zealand, whilst identifying new opportunities across the whole territory.

Dale Stephens, CEO Asia Pacific, commented, "I am delighted to be joining @UK at this exciting time. It is clear to me that cloudBuy is the most advanced procurement solution in the market and that there is a strong appetite for such a solution throughout the Asia Pacific region and further afield. I am excited about the opportunity in front of us."

Ronald Duncan, Executive Chairman of @UK, commented, "The extensive market knowledge and experience that Dale brings to @UK will be invaluable to us as we seek to grow our international capabilities. We are delighted he has joined the team and are confident that the strength of our technology and the reach of our partner Visa mean we are well positioned to capitalise on what we believe to be a significant market opportunity."

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About @UK PLC 

@UK is Europe's leading transactional Cloud Platform with over 1 million users. The platform supports B2B eCommerce and eProcurement across a range of public and private sector organisations providing a secure, controlled transactional environment for B2B trading. The technology is unique in the B2B market, in that it delivers the B2C internet shopping experience in a business environment. The platform has been rebranded to cloudBuy.com for global expansion with Visa and partner banks. The platform is PCI DSS accredited, providing secure, integrated financial transactional capability, delivering savings to both the buyer and the supplier through greater accounts payables accuracy, reduction of manual processes and elimination of paper.

@UK provides an immediate business case using SpendInsight. SpendInsight was developed to recognize, match and classify products and services, providing buyers with greater visibility to spend data, and supports the identification of cashable savings, through unique product level matching artificial intelligence. Combined with Visa analysis to identify the level of potential card rebate to fund the B2B ecommerce platform.

For more information, visit www.cloudbuy.com