TIDMTUNG

RNS Number : 0916G

Tungsten Corporation PLC

27 February 2015

TUNGSTEN CORPORATION PLC

("Tungsten" or the "Company")

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN NOR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

For Immediate Release

27 February 2015

Grant of Share Options

Tungsten Corporation plc announces that on 25 February 2015, it granted Rick Hurwitz, a director or the Company, options over 440,000 ordinary shares in the Company under the Company's share option plans. These options have an exercise price of 237.75p and become exercisable over the next 4 years.

Enquiries:

Tungsten Corporation plc.

   Edmund Truell, Chief Executive Officer                                +44 20 3435 5680 
   Juliana Wheeler, Head of Global Communications          +44 20 7280 7973

Charles Stanley Securities

(Nominated Adviser and Joint Broker)

   Marc Milmo/Dugald Carlean                                                       +44 20 7149 6000

Canaccord Genuity Limited

(Joint Broker)

   Simon Bridges/Peter Stewart/Cameron Duncan                +44 20 7523 8000

Equus Group (Communications)

   Piers Hooper / Sam Barton                                                          +44 20 7223 1100

About Tungsten Corporation plc.

Tungsten 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 invoice 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 supply chain financing through Tungsten Bank; 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.

Tungsten Corporation joined forces with OB10 in 2013 to create the world's largest electronic trading network; and acquired DocuSphere in September 2014, a provider of accounts payable automation solutions

Contact: James Culverhouse, Equus, +44 020 7223 1100, james.culverhouse@equusgroup.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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