Xps Pensions Regulatory News (XPS)

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

eXpansys plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Rutherford House

40 Pencroft Way

Manchester Science Park

Manchester

M15 6SZ

COUNTRY OF INCORPORATION:

UK

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.expansys.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

eXpansys was admitted to trading on in April 2007 and is a retailer of smartphones and handheld devices with wireless connectivity, serving retail customers through the internet and corporate customers through direct sales channels.

Admission to trading on AIM is sought for the enlarged share capital of the Company following the reverse acquisition (as set out under Rule 14 of the AIM Rules for Companies) of 100% of the issued share capital of DSNS and PJ Media. The Company has conditionally agreed, subject to shareholder approval at the General Meeting to be held on 23 July 2010, to acquire the entire issued share capital of DNSN and PJ Media.

DSNS has relationships with a large number of the UK's major mobile telecommunication network operators, and mobile virtual network operators, and focuses on the sale and distribution of SIM cards and retail solutions. PJ Media's principal activities are web design, website implementation and on-line marketing services to enterprises seeking to enhance their web-based offerings.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

978,078,993 Ordinary Shares of 0.25p each

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised on admission: £30 million

Anticipated market capitalisation: approximately £65 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

44.18%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Bob Wigley (Non-Executive Chairman)

Peter Jones (Non-Executive Deputy Chairman)

Anthony Catterson (Chief Executive Officer)

Tim Eltze (Chief Operating Officer and Chief Financial Officer)

Graham Dawber (Non-Executive Director)

Stephen Vincent (Non-Executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Before Admission and as at 5 July 2010:

Peter Jones CBE - 75.02%

Bachmann Trust Company - 10.75%

Matthew Kydd - 4.77%

Stephen Vincent* - 3.51%

*Held pursuant to the DSNS JSOP

After Admission:

Peter Jones CBE - 43.13%

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 30 April

(ii) 30 April 2010

(iii) 31 January 2010, 31 October 2010, 31 January 2011

EXPECTED ADMISSION DATE:

26 July 2010

NAME AND ADDRESS OF NOMINATED ADVISER:

Cenkos Securities Plc

6.7.8 Tokenhouse Yard

London

EC2R 7AS

NAME AND ADDRESS OF BROKER:

Cenkos Securities Plc

6.7.8 Tokenhouse Yard

London

EC2R 7AS

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The admission document containing full details about eXpansys plc and the admission of Ordinary Shares will be available from the offices of:

Rutherford House, 40 Pencroft Way, Manchester Science Park, Manchester, M15 6SZ;

Eversheds LLP, Eversheds House, 70 Great Bridgewater Street, Manchester, M1 5ES;

Cenkos Securities plc, 6.7.8 Tokenhouse Yard, London, ECRR 7AS; and

The Company's website: www.expansys.com

DATE OF NOTIFICATION:

6 July 2010

NEW/ UPDATE:

NEW