ULS.L Regulatory News (ULS)

ULS Technology plc

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

New Conveyancing Service agreed with Metro Bank

ULS Technology plc (AIM: ULS), the provider of online B2B platforms for the UK conveyancing and financial intermediary markets, announces the launch of a new conveyancing service developed for Metro Bank (the "Bank").

ULS has been awarded a three-year contract to provide the Bank's customers with conveyancing services, which have been tailored specifically to meet Metro Bank's requirements for customer service excellence.

Metro Bank was established to provide retail, business and private banking customers with unparalleled levels of service and convenience. Since its launch, just over seven years ago, it has attracted over 1.1 million customer accounts, opened 54 stores and has grown its colleague base to over 2,900. It is widely recognised for its superior customer experience and has been named Moneywise's Most Trusted Financial Prover for the last two years.

Ben Thompson, CEO of ULS commented: "We are all delighted to have been awarded this agreement, under which we have built a tailored suite of conveyancing technology led services to support Metro Bank. We fully understand what the Bank has successfully been doing over the last seven years or so, and intend to directly help them to continue, if not better, the industry leading levels of service they have been offering to their borrowers since launch.

"We very much look forward to evolving our conveyancing related technology with Metro Bank and exploring how impactful this can be on overall customer experience, to the direct benefit of the Bank and its mortgage borrowers.

"As we move into the second half of the current financial year, we will continue to explore and develop ways to enhance customer satisfaction and accelerate the conveyancing experience to give mortgage borrowers and home movers improved customer experience and outcomes. This is an exciting time for the whole sector as technology-led solutions, such as ours, demonstrate how they can tangibly improve how conveyancing and the wider home moving process is carried out."

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