Charles Taylor Regulatory News (CTR)

Date: 10 May 2018

On behalf of: Charles Taylor plc

Embargoed until: 0700hrs

NEITHER THIS ANNOUNCEMENT NOR THE INFORMATION CONTAINED IN IT IS FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014.

Charles Taylor plc

Completion of the acquisition of insurance technology business in Latin America, Inworx

Further to the announcement of 3 May 2018, Charles Taylor plc ("Company" and, together with its subsidiaries, "Charles Taylor" or the "Group") announces today that its subsidiaries, Charles Taylor InsureTech Limited and Charles Taylor Insurance Services Limited have completed the acquisition of the principal entities of the Inworx group of companies from its shareholders [1], and Charles Taylor InsureTech Mexico S.A. de C.V. has also completed the acquisition of the business and assets of Inworx S.A de CV (collectively, the "Inworx Acquisition").

The completion follows a successful placing of 6,770,800 new ordinary shares of 1 penny each in the Company at a price of 260 pence per share, raising gross proceeds of approximately £17.6 million.

Inworx is an insurance-focused technology consultancy and software provider to insurance brokers, insurers and non-traditional insurance players in 15 countries across Latin America, and employs around 270 staff in Argentina, Mexico and Peru.

Inworx becomes part of Charles Taylor InsureTech, which aims to become a global insurance technology player, and has secured major, multi-year technology contracts in recent months. The acquisition builds on this momentum by providing the following benefits:

· Extends Charles Taylor's client base in Latin America, adding major global insurance brokers as technology clients;

· Brings a suite of insurance broker-focused and other proprietary software products that complement Charles Taylor InsureTech's existing product offerings;

· Increases significantly Charles Taylor's contacts and leads in the region, providing the potential to cross-sell Charles Taylor InsureTech's existing software products;

· Enables Charles Taylor InsureTech to market Inworx broker-focused and other software products globally;

· Provides a high-margin, growing earnings stream; the transaction is expected to have a neutral impact on reported earnings per share in 2018, and to enhance reported earnings per share in 2019.

The businesses acquired under the transaction are:

· Inworx Argentina S.A (Argentina)

· Softseg S.A. (Argentina)

· Inworx Peru SAC (Peru)

· The business and assets of Inworx S.A de CV (Mexico), Inworx IT Solutions LLC and Inworx S.A.

[1] Insurance Software Products LLC, Leonardo Ruben Mato, Marcelo Antonio Massimino and Lautaro Mon

David Marock, Group Chief Executive Officer, Charles Taylor plc said:

"This acquisition marks another major step in delivering Charles Taylor's growth strategy. I am pleased to welcome the team from Inworx to the Charles Taylor family.

"Technology is transforming the way that insurance is underwritten and transacted globally. The acquisition of Inworx is one of the largest we have undertaken as a Group. It demonstrates our commitment to growing our insurance technology capability, both as an enabler for the industry and to deliver the Group's services. These support every stage of the insurance lifecycle and every aspect of the insurance operating model."

LEI: 2138009V1NHVCXIQ6V62

Classification: 2.2 Inside information disclosed under article 17 of the Market Abuse Regulation

-ends-

Notes to editors

Charles Taylor plc (www.ctplc.com) supports and enables the insurance market to meet the continually evolving challenges it faces. We provide technical services to make the business of insurance work fundamentally better. We have been providing insurance-related technical services and solutions since 1884 and today we employ around 2,100 permanent and contract staff in 107 locations spread across 29 countries in the UK, the Americas, Asia Pacific, Europe the Middle East and Africa.

We are unique in our market in that our services support every stage of the insurance lifecycle and every aspect of the insurance operating model. We develop and operate insurance vehicles on behalf of our clients, manage claims programmes and adjust losses. We handle legacy and run-off portfolios, provide a variety of specialist operational support services and offer solutions and support to drive insurance technology transformation.

Charles Taylor's breadth of services, technical skills and resources and global presence means the Group can manage and resolve virtually any insurance-related matter, wherever and whenever it occurs.

Important Notice

This announcement contains inside information within the meaning of article 7 of the EU Market Abuse Regulation (EU) No. 596/2014.

This announcement has been issued by and is the sole responsibility of the Company. The information contained in this announcement is for background purposes only and does not purport to be full or complete. The information in this announcement is subject to change without notice. Subject to the UK Listing Rules, the UK Disclosure Guidance and Transparency Rules and the Market Abuse Regulation (EU) No. 596/2014, the issue of this announcement shall not, under any circumstances, create any implication that there has been no change in the affairs of Charles Taylor or Inworx since the date of this announcement or that the information in this announcement is correct as at any time subsequent to the date of this announcement.

Certain information contained in this announcement, including any information as to Charles Taylor's or Inworx's strategy, plans or future financial or operating performance constitutes "forward-looking statements". These forward-looking statements can be identified by the use of terminology such as, "aims", "anticipates", "assumes", "believes", "budgets", "could", "contemplates", "continues", "estimates", "expects", "intends", "may", "plans", "predicts", "projects", "schedules", "seeks", "shall", "should", "targets", "would", "will" or, in each case, their negative or other variations or comparable terminology. Forward-looking statements appear in a number of places throughout this announcement and include, but are not limited to, express or implied statements relating to Charles Taylor's business strategy and outlook; Charles Taylor's and Inworx's future results of operations; Charles Taylor 's and Inworx's future financial and market positions; expectations as to future growth; general economic trends and other trends in the industry in which Charles Taylor and Inworx operate; the impact of regulations on Charles Taylor and its operations; and the competitive environment in which Charles Taylor and Inworx operate.

By their nature, forward-looking statements are based upon a number of estimates and assumptions that, whilst considered reasonable by the directors of the Company and the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those indicated, expressed or implied in such forward looking statements. Forward-looking statements are not guarantees of future performance. Any forward-looking statements in this announcement reflect the directors of the Company's and the Company's current view with respect to future events and are subject to certain risks relating to future events and other risks, uncertainties and assumptions. The forward-looking statements contained in this announcement speak only as at the date of this announcement. The directors of the Company and the Company disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in their expectations or any change in events, conditions or circumstances on which such statements are based unless required to do so by applicable law, the UK Prospectus Rules, the UK Listing Rules, the UK Disclosure Guidance and Transparency Rules of the Financial Conduct Authority and the Market Abuse Regulation (EU) No. 596/2014 . You are cautioned against placing undue reliance on any forward-looking statement in this announcement.