Quercus Publishing plc

LSE : QUPP


March 18, 2013 03:00 ET

DIGITAL AUDIO PARTNERSHIP

                                                                                              18 March 2013
                                                                                  GB00B1G17S00/GBP/PLUS-exn

                                          Quercus Publishing Plc
                                       ("Quercus" or the "Company")
                                                     
                                         DIGITAL AUDIO PARTNERSHIP

Quercus Publishing Plc, the leading independent digital and print publisher, and W F Howes Ltd, the  award-
winning  audio  publisher, have today announced a collaboration that will bring more than fifty  unabridged
audiobooks to market every year, through all digital and physical channels.

Wayne Davies (Digital Director, Quercus Publishing Plc) comments: 'Quercus is delighted to have sealed this
innovative  partnership  with leading audio player W F Howes. It means we will  dramatically  increase  our
audio  output  for  the burgeoning digital download market, gives us a new option for utilising  the  audio
rights  accrued in our back catalogue, and allows us to reach audiobook listeners through the widest spread
of  channels,  through download, retail and libraries. We believe the audio market is poised  for  dramatic
digital  growth and technological change and are confident this joint enterprise positions us perfectly  to
benefit.'

Shaun  Sibley  (CEO, W F Howes Ltd) comments that: 'We are seeing a continual increase  in  demand  of  our
unabridged  audio book offering. Range is vital to meet the growing demands of the users  of  this  format.
Quercus  has a fantastic breadth of quality content and we are delighted to be working with them  to  bring
this to market.'

The Directors of the Company are responsible for the contents of this announcement.

Enquiries to:
  
QUERCUS PUBLISHING PLC
Wayne Davies                                                              Tel: 020 7291 7204

PETERHOUSE CORPORATE FINANCE LIMITED
Mark Anwyl or Duncan Vasey                                                Tel: 020 7220 9796
  
Media Enquiries:
ATTILA CONSULTANTS                                                        Tel: 020 7776 8825
Charles Cook                                                             Mobile: 07710910563

Note to Editors:
The  audio  market is estimated at a value of USD1 billion per annum at retail value in the  US  and  GBP75
million  in  the UK and is tipped to grow exponentially as this market undergoes a rapid transformation  to
digital  downloads from CD. It is estimated that in the last two years digital downloads  have  grown  from
less than 40% of audiobook sales to more than 60%.

Quercus Publishing
Founded in 2004, Quercus is one of the UK's leading digital publishers. Known for Stieg Larsson's The  Girl
with the Dragon Tattoo and the Millennium Trilogy - the first author to sell one million ebooks - and other
Kindle  phenomena  such  as Peter May's The Black House, Hilary Boyd's Thursdays  in  the  Park  and  Alice
Peterson's  Monday  to  Friday Man, Quercus now has over 700 publications in  its  digital  catalogue.  The
company was named Publisher of the Year at the 2011 Bookseller Industry Awards and is opening its US office
in Autumn 2013.

W F Howes
W  F  Howes  Ltd.  is  a  supplier of digital services and audiobooks to Public  Libraries,  through  their
proprietary One-click Audiobook Download platform. They are owned by Recorded Books LLC who are part of the
Haights  Cross  Communications group. W F Howes Ltd. was founded in 1999 and  is  one  of  the  leading  UK
publishers of unabridged audiobooks.

-ENDS-

Contact Information

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