TIDMTUNG

Tungsten Corporation PLC

01 April 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 1 April 2015

Market update

Major construction group signs with Tungsten for e-Invoicing and PO services

London, 1 April, 2015 - A leading housebuilding and construction group has selected Tungsten Corporation plc (LSE:TUNG), the global electronic invoicing, analytics and invoice financing company, for e-Invoicing and Purchase Order services.

e-Invoicing streamlines the complex invoice-to-pay process and facilitates straight-through processing and prompt payment for suppliers. It enables large organisations to receive legally compliant invoices directly into their accounting systems, which saves time and costs associated with processing paper invoices, while making the accounts payable (AP) process more productive.

"This large customer is an important addition to Tungsten's e-Invoicing network as we increase the number of companies using our services, and enhance the "network effect" for our users by adding companies in industries where we already have a significant presence, like construction," said Tungsten Group CEO Edmund Truell.

"The company's suppliers will also benefit from Tungsten's Invoice Status service, which grants them full visibility of the progress and status of their submitted invoices, which will in turn significantly reduce the number of vendor inquiries received by the customer's AP department."

Enquiries:

Tungsten Corporation plc

   Edmund Truell, Chief Executive Officer                                  +44 20 7280 7901 
   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

Neustria Partners (Investors and Analysts)

   Robert Bailhache/Nick Henderson/Charles Gorman        +44 20 3021 2580

Equus Group (Media)

   Piers Hooper/Sam Barton/James Culverhouse                   +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 acquired DocuSphere, a provider of accounts payable automation solutions, in September 2014.

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

juliana.wheeler@tungsten-network.com

* Tungsten Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Tungsten Bank is registered on the financial services register with firm reference number 139209.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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