OUT.L Regulatory News (OUT)

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN THE UNITED STATES, CANADA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR AUSTRALIA, OR THEIR RESPECTIVE TERRITORIES OR POSSESSIONS

OUTSOURCERY PLC

Admission to Trading on AIM and Publication of Admission Document

Summary

Outsourcery plc ("Outsourcery" or the "Company"), the pure-play provider of Cloud-based IT and communications services (ICT), announces the commencement of dealings in its Ordinary Shares on AIM today under the ticker code AIM:OUT and the ISIN number GB00B9G9LV10 as well as the publication of an admission document for admission of its Ordinary Shares to trading on AIM (the "Admission Document").

The Company has also raised approximately £13 million (before expenses) in a placing of 11,542,642 Ordinary Shares (the "Placing").

Outsourcery is one of few independent pure-play Cloud Service Providers ("CSPs") in the world and is establishing market leadership in the UK. The business was founded in 2007 by its co-CEOs, Piers Linney and Simon Newton.

Outsourcery has secured commercial relationships with companies such as Vodafone, Virgin Media Business, BT, HP and Atos to enable these and other partners to deliver Cloud Services to their end-customers. Outsourcery and its growing number of reseller partners are positioned to take advantage of the systemic market shift in the provisioning of ICT from the "on-premise", "co-located" or "managed service" deployment model to a fully virtualised Cloud-based and subscription payment model. The adoption of the Cloud is driven by a wide range of factors including a reduction in the total cost of ownership, operational agility, productivity and scalability.

As separately announced today, Jane Hall joins the Board as a Non-executive director.

Placing details

Trading will commence on AIM on 24 May 2013 (ticker symbol AIM:OUT).

Investec Investment Banking, a division of Investec Bank plc, the nominated adviser and broker to Outsourcery, sole book-runner and has underwritten and placed all of the Placing Shares with institutional and other investors.

Piers Linney, Outsourcery's Co-CEO, said:

"We are delighted by the level of interest the Placing has received and the calibre of institutions who have made commitments of long-term capital to the Company. We are particularly encouraged that investors are as excited by the opportunity as we are.

"Our Admission to AIM and the funds raised will enhance the opportunities to develop the business, using the strong platform we have created over the last few years. We look forward to maintaining our rapid growth and building a business of scale."

Terms used in this announcement have the same meanings as those defined in the Admission Document.

Enquiries:

Outsourcery +44 (0)330 313 0077

Piers Linney, Co-CEO

Simon Newton, Co-CEO

Investec +44 (0) 20 7597 5100

Andrew Pinder/Patrick Robb

Dominic Emery/Carlton Nelson

College Hill +44 (0) 20 7457 2020

Adrian Duffield/Rozi Morris

Disclaimer

The contents of this communication, which have been prepared by and are the sole responsibility of Outsourcery plc, have been approved by Investec Investment Banking, a division of Investec Bank plc ("Investec") solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000. Investec, which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Prudential Regulatory Authority and the Financial Conduct Authority, is acting exclusively for Outsourcery plc in connection with the proposed admission of the Company to trading on the AIM market of the London Stock Exchange plc and is not acting for any person other than Outsourcery plc and will not be responsible to any other person than Outsourcery plc for providing the protections afforded to its customers or for providing advice to any other person in connection with the proposed admission to trading.

This announcement shall not, and no part of it shall, constitute or form part of any offer for sale or subscription, or any solicitation of any such offer, nor shall it, or any part of it, form the basis of or be relied upon in connection with any contract or commitment whatsoever. Any eventual acquisition of, or application for, shares in Outsourcery plc should be made solely on the basis of information contained in a formal admission document relating to Outsourcery plc issued in connection with its proposed admission to trading. The price and value of, and income from, shares may go down as well as up. Persons needing advice should consult a professional adviser.