Change of Adviser

TUNGSTEN CORPORATION PLC 

("Tungsten" or the "Company")

For Immediate Release

27 October 2015

Change of Adviser

Tungsten today announces that it has appointed Panmure Gordon (UK) Limited as Nominated Adviser as part of the ongoing operational review of the Company initiated by Richard M. Hurwitz, Chief Executive. Panmure Gordon (UK) Limited replaces Charles Stanley Securities, the Company's previous Nominated Advisor and joint broker which was acquired by Panmure Gordon & Co. plc.

Enquiries:

About Tungsten Corporation plcTungsten Corporation (LSE: TUNG) accelerates global trade by enabling customers to streamline invoice processing, improve cash-flow management and make better buying decisions from their detailed spend data.

Buyer organisations that join Tungsten Network, the world's largest compliant electronic invoicing network, can reduce their invoice-processing costs by 60%. Suppliers benefit from efficiencies, greater visibility of their invoice status and peace of mind. Tungsten offers options for supply chain financing and helps buying organisations profit by applying real-time spend analytics to its vast repository of line-level invoice data.

Tungsten serves 56% of the Fortune 500 and 67% of the FTSE 100 by connecting the world's largest companies and government agencies to their thousands of suppliers around the globe. It enables suppliers to submit tax compliant e-Invoices in 47 countries, and last year processed transactions worth over $187bn for organisations such as Alliance Data, Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's, and the US Federal Government.

Contact: Juliana Wheeler, Head of Global Communications, +44 20 7280 7973.

juliana.wheeler@tungsten-network.com