TUNG.L Regulatory News (TUNG)

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3 December 2021

Tungsten Corporation plc

("Tungsten" or the "Company")

Partnership Agreement

Tungsten network selected by Amazon Business to support automated invoice processing for joint finance and procurement customers

Tungsten Corporation plc (AIM: TUNG), a leading provider of digital financial management and software solutions, has been selected by Amazon Business to support its global e-invoicing program in Europe and the U.S.

The partnership will enable customers to automate the processing of Amazon Business invoices via the Tungsten e-invoicing network. The integration makes use of Tungsten's Accounts Receivable solution and automates invoicing processes, saving both time and effort for customers.

Paul Cooper, CEO of Tungsten Corp plc, commented, "We are delighted to work with Amazon Business to enhance our value to current and new customers, this is the future of digital procurement. Tungsten offers customers the flexibility to integrate with any procurement platform and the ability to deliver exceptionally high levels of straight-through processing."

Nabil De Marco, Director for Amazon Business Europe, commented "At Amazon Business we are always looking for ways to further improve our customer offering. Through this partnership, we are excited about supporting our customers to digitize their procurement processes, lower their overall cost of operations and boost their efficiency."

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About Tungsten Corporation plc

Tungsten Corporation (AIM: TUNG) is the world's largest, compliant business transaction network. A leading global electronic invoicing and purchase order transactions network; Tungsten's mission is centred on enabling a touchless invoice process allowing businesses around the globe to gain maximum value from their invoice process.

Tungsten processes invoices for 74% of the FTSE 100 and 71% of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 54 countries, and last year processed transactions worth over £220 billion for organisations such as Caesars Entertainment, Computacenter, GlaxoSmithKline, Kraft Foods, Mohawk Industries, Mondelēz International, Procter & Gamble, Shaw Industries, Unilever and the US Federal Government.

Founded in 2000 and headquartered in London, Tungsten has offices in the US, Bulgaria and Malaysia, employing over 227 people.

Forward looking statements

This document contains forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue growth and trading margins, market trends and our product pipeline are forward-looking statements. Phrases such as "aim", "plan", "intend", "anticipate", "well-placed", "believe", "estimate", "expect", "target", "consider" and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. Any forward-looking statement is based on information available to Tungsten as of the date of this statement. All written or oral forward-looking statements attributable to Tungsten are qualified by this caution. Tungsten does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in Tungsten's expectations.