PHD.L Regulatory News (PHD)

PROACTIS Holdings PLC

Completion of Acquisition

PROACTIS Holdings PLC ("PROACTIS", the "Group" or the "Company"), the specialist Spend Control software provider, is pleased to announce that it has formally completed the acquisition of Millstream Associates Limited ("Millstream").

This follows the announcements on 10 November 2016 in relation to the Acquisition and Placing.

Rod Jones, Chief Executive of PROACTIS, said:

"Millstream is a clear complementary fit to the Group and we are very pleased to have completed the acquisition, which marks the next step in our growth strategy. We are excited by the potential upside with cross-selling opportunities into both the PROACTIS and Millstream customer bases. This acquisition enhances our scale and broadens our capabilities and we look forward to integrating Millstream into our business."

All terms in this announcement have the meaning given to them in the announcement released by the Company on 10 November 2016 at 7.00 a.m., unless otherwise defined herein.

Enquiries:

The information communicated in this announcement (including the Appendix) contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.