CBUY.L Regulatory News (CBUY)

23 January 2014

cloudBuy plc (the "Company")

Senior Management Appointment

Appointment of Business Development Executive, Asia Pacific

cloudBuy (AIM:cbuy.L), the cloud eCommerce marketplace, is pleased to announce the appointment of Jeff Corcoran as Business Development Executive, Asia Pacific. Jeff will help drive the expansion of cloudBuy in Asia Pacific, in conjunction with cloudBuy's partner, Visa.

Jeff comes to cloudBuy from an extensive Sales and Business Development career within the technology industry. He spent the last two and a half years as a Business Development Executive at Ariba/SAP in Asia Pacific, having previously acted as Global Sales Director for Carlson Wagonlit Travel following IBM and Sabre.

Jeff will help to convert the existing pipeline of opportunities in Australia and New Zealand, along with new opportunities across the whole territory.

Jeff Corcoran, Business Development Executive Asia Pacific, commented, "It is clear to me that cloudBuy is the most advanced procurement solution in the market and this, combined with Visa's B2B payments, has created a market leader. I am very excited about the opportunity ahead of us."

Ronald Duncan, Executive Chairman of cloudBuy, commented, "We are delighted to have added another high caliber executive to our senior management team. We have begun 2014 significantly stronger at the operational level and with a far greater market reach. We have a significant lead on the rest of the competition and are confident that our joint solution with Visa is now the market leader."

For further information please contact:

cloudBuy plc Tel: 01527 850080

Ronald Duncan, Chairman

Westhouse Securities Limited Tel: 020 7601 6100

Tom Griffiths/Richard Johnson

Newgate Threadneedle Tel 020 7653 9850

Caroline Evans-Jones/Alex White

About cloudBuy PLC

cloudBuy 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.

cloudBuy 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. The output from this is then passed to the Visa member bank, for analysis by Visa to identify which suppliers accept card payments currently and compute the potential card rebate to fund the B2B ecommerce platform.

For more information, visit www.cloudbuy.com

END