Tracsis Regulatory News (TRCS)

TRACSIS PLC

("Tracsis" or the "Company")

Issue of Equity

Further to the announcements of 26 March 2013, 17 April 2013 and 2 May 2013, Tracsis confirms that all conditions have been satisfied pursuant to the terms of the Management Agreement made between (i) Tracsis and (ii) certain directors and senior management of Sky High plc ("Sky High") (the "Management Agreement"). Accordingly Tracsis has today acquired the following ordinary shares in Sky High plc ("Sky High Share") from those directors and senior managers of Sky High, at a price of 15.25p per Sky High Share (being the same price as the Offer Price).

At the same time, the same Sky High shareholders have agreed to use the proceeds of this sale of shares to acquire shares in Tracsis, at a price of 174.28p per share (being the 30 day Volume Weighted Average Price prior to the date the offer for Sky High was made (26 March 2013) and the agreed price set out in the Management Agreement).

More details of this arrangement are set out in the Offer Document, dated 26 March 2013 which is available from the Tracsis website www.tracsis.com

Application has been made for the New Tracsis Shares to be admitted to trading on AIM and dealings are expected to commence on 14 May 2013.

Following the issue of the New Tracsis Shares, the number of Ordinary Shares in issue will increase to 25,244,755. For the purposes of the Financial Services Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 25,244,755 Ordinary Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Tracsis under the DTRs.

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