TIDMTUNG

RNS Number : 5630P

Tungsten Corporation PLC

11 February 2019

TUNGSTEN CORPORATION PLC

("Tungsten" or the "Company")

For Immediate Release

11 February 2019

New Non-Executive Director

Tungsten Corporation plc, the global business transaction network, is pleased to announce that Vivienne Maclachlan has been appointed to the Board as a non-executive director with immediate effect.

Vivienne is the Chief Financial Officer for Alfa Financial Software Holdings PLC. Prior to joining Alfa, Vivienne was a capital markets specialist for more than 12 years at PwC.

Commenting on the appointment, Tony Bromovsky, Chair of Tungsten said:

"On behalf of the Board I should like to welcome Viv to Tungsten. We are delighted to have attracted to Tungsten somebody of Viv's calibre, with her appointment demonstrating the confidence we have in building an exciting and successful future for Tungsten. Viv's energy and passion combined with her experience in the technology sector and in capital markets make her a welcome addition to the Board."

Enquiries:

 
Tungsten Corporation plc 
 Richard Hurwitz, Chief Executive Officer 
 David Williams, Chief Financial Officer       +44 20 7280 7713 
Panmure Gordon (Nominated Advisor) 
 Dominic Morley                              +44 20 7886 2500 
Canaccord Genuity Limited (Broker) 
 Simon Bridges/Emma Gabriel                  +44 20 7523 8000

Vivienne Maclachlan, age 40, is currently a director of the following companies:

 
  Alfa Financial Software Group 
   Limited 
   Alfa Financial Software Limited 
   Alfa Financial Software Holdings 
   PLC

There are no further disclosures required in accordance with AIM Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies.

About Tungsten Corporation plc

Tungsten Corporation (LSE: TUNG) aims to be the world's most trusted business transaction network by using data intelligently to strengthen the global supply chain.

Tungsten Network is a secure business transaction network that brings businesses and their suppliers closer together with unique technology that revolutionises invoice processing, maximises efficiency and improves cash flow. Delivering trusted connections and streamlined transactions, the network also provides users with real-time spend analysis and offers access to trade finance through Tungsten Network Finance.

Tungsten Network processes invoices for 74 percent of the FTSE 100 and 71 percent of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 48 countries, and last year processed transactions worth over GBP164bn for organisations such as Alliance Data, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Mondelēz International, Henkel, IBM, Kellogg's and the US Federal Government.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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February 11, 2019 02:00 ET (07:00 GMT)

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