Crossword Cybersecurity plc
GXG : CCP

June 26, 2015 09:57 ET

Crossword Cybersecurity plc: Placing

FOR:  CROSSWORD CYBERSECURITY PLC

GXG SYMBOL:  CCP

June 26, 2015

Crossword Raises GBP 1.5M to Pursue Cyber Security Intellectual Property Transfer Deals

LONDON, UNITED KINGDOM--(Marketwired - June 26, 2015) - The Directors of Crossword Cybersecurity plc
("Crossword") the GXG Main Quote listed company with ISIN GB00BPFJXS57 are delighted to announce that pursuant
to a placing it has raised GBP 1,500,000.

As a result 789,474 Ordinary shares of 5 pence each has been issued at a consideration of 190 pence per share.

Tom Ilube, Chief Executive Officer of Crossword, said, "We are delighted to have received investment both from
existing and a number of new investors, including well-known private equity investor Jon Moulton, and I am
delighted to welcome the new shareholders to the Company."

The Board are excited by the prospects of the next phase of development for the Company that this placing
provides a platform for.

Commenting on the investment Jon Moulton, who participated via his family office, said, "Cyber security is a
rapidly growing sector. Crossword's IP transfer model of leveraging the best of British university research in
this area is very exciting."

The following Directors have taken part in the placing:

----------------------------------------------------------------------------
Name           New shares   Consideration   Total number of    Percentage of
             issued under     for the new   Issued Ordinary  Issued Ordinary
              the placing  placing shares  Shares following           Shares
                                                the placing
----------------------------------------------------------------------------
Tom Ilube          82,632      GBP157,000         1,252,786           52.56%
----------------------------------------------------------------------------
John               13,158       GBP25,000            34,260            1.44%
Bottomley
----------------------------------------------------------------------------
Professor           5,263       GBP10,000             5,263            0.22%
David
Stupples
----------------------------------------------------------------------------


In addition the following shareholders who have bought placing shares will be interested, directly or
indirectly, in 3 per cent or more of the votes able to be cast at general meetings of the Company.


----------------------------------------------------------------------------
Name          New shares issued        Total number of  Percentage of Issued
              under the placing        Issued Ordinary       Ordinary Shares
                                  Shares following the
                                               placing
----------------------------------------------------------------------------
Moulton                 236,842                236,842                 9.94%
Goodies Ltd
----------------------------------------------------------------------------
Steven Gee               39,474                152,341                 6.39%
----------------------------------------------------------------------------
Maurice                  39,474                152,341                 6.39%
Zimmerman
----------------------------------------------------------------------------
Matthew                 105,263                105,263                 4.42%
O'Sullivan
----------------------------------------------------------------------------
Tariq Hussain            10,526                 77,290                 3.24%
----------------------------------------------------------------------------


The total issued share capital is now 2,383,408 Ordinary shares of 5 pence each.

The Directors accept responsibility for this statement.


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FOR FURTHER INFORMATION PLEASE CONTACT:

Crossword Cybersecurity plc
Tom Ilube, CEO
+44 (0)208 973 2350
info@crosswordcybersecurity.com
www.crosswordcybersecurity.com
@crosswordcyber

OR

GXG Corporate Advisor
Alfred Henry Corporate Finance Limited
Nick Michaels and Jon Isaacs
+44 207 251 3762
www.alfredhenry.com

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