Shearwater Regulatory News (SWG)

4 October 2017

SHEARWATER GROUP PLC

("Shearwater", the "Company" or the "Group")

Product Update

Shearwater Group plc (AIM: SWG), the digital resilience group, is pleased to announce that SecurEnvoy, its identity and access management subsidiary, will release the Version 9 update to their industry leading multifactor authentication solution, SecurAccess, on 31 October 2017.

In line with SecurEnvoy's strategy of providing innovative, easy to deploy enterprise grade authentication solutions, Version 9 will offer significant administrator focused revisions, including a fully redeveloped reporting dashboard and improved server-side integrations. In addition, new functionality, including payment authentication, single tap near field communication authentication, and a new app interface are also incorporated, which will enhance the overall end user experience.

Michael (Mo) Stevens, Group Chief Executive Officer of Shearwater Group plc, commented: "We are excited about the developments Andy and Steve have made to SecurEnvoy's core product and its potential as a key enabler to our regional expansion strategy. These upgrades will substantially improve the end user experience and maintain the industry leading security standards our customers expect at a time where well-publicised data breaches continue to highlight the criticality of robust user authentication across organisations of all sizes."

ENDS

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