KLBT.L Regulatory News (KLBT)

Kalibrate Technologies plc

("Kalibrate" or the "Group")

Major Managed Services Win

- Global oil company contracts with Kalibrate for full managed services offering -

- Expands existing client relationship moving to Kalibrate's managed services solution -

London, 20th December 2013 - Kalibrate Technologies plc (AIM: KLBT), a provider of proprietary software-based products and services to the global petroleum retail industry, is pleased to announce that a global oil company - and an existing Kalibrate pricing client - has agreed to utilise a multi-year, full managed services offering from the Group in its retail operations.

In its IPO Admission Document, the Group stated that it was in the process of finalising a multi-year contractual commitment with one of its existing clients to help manage that client's entire fuel pricing process.

Today's agreement concludes that process.

The agreement will comprise of an initial start-up phase commencing this month, followed by a multi-year term to begin in the summer of 2014 with renewal options. Once fully implemented, Kalibrate anticipates that the agreement will generate approximately £1.2 million in annual recurring revenue for the Group over the multi-year term.

Under the terms of the agreement, Kalibrate will deliver its pricing managed services on a 24/7 basis, via a dedicated hosting solution supported by Rackspace Limited. Support, advisory and analytical services will also be provided, ensuring that the client is able to price in a reliable and highly responsive manner,

Expansion and increased adoption of a managed services offering was a key IPO growth strategy for Kalibrate, whose shares were admitted to trading on AIM on 29 November 2013. The Group believes that the guaranteed uptime, one stop service provider and reduction in upfront capital costs that accompany a hosting and managed services offering will provide strong incentives for other clients to transition to this offering, over time. The Group believes it has at least 100 existing clients to whom it would be suitable and viable to provide such an offering.

Commenting on the extension Bob Stein, Chief Executive Officer of Kalibrate said:

"I am delighted to announce this landmark adoption of our managed services offering. It says a great deal about the quality and resilience of our service that a global oil firm feels it can entrust our support of mission critical business processes, in multiple markets, every day. I look forward to helping this client experience the added value, that a full managed services offering will provide and we look forward to future clients achieving similar value. Our entire team is excited to start a new, extended phase in our relationship with this important client."

For further information please contact:

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About Kalibrate Technologies plc

Kalibrate is the only global provider of both pricing and retail planning solutions to petroleum retailers worldwide. Based on its proprietary software and underpinned by an extensive library of petroleum market data, Kalibrate's products enable clients to devise new market entry strategies, plan and optimally invest in existing petroleum retail networks, and generate optimal petroleum product prices on a real-time and fully automated basis.

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