Crossword Cybersecurity Plc : Issue of Equity

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

This announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any decision in respect of Crossword Cybersecurity plc or other evaluation of any securities of Crossword Cybersecurity plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

This announcement contains inside information.

May 24, 2017

Crossword Cybersecurity plc

Completion of Placing

Crossword Cybersecurity Plc (NEX:CCS, "Crossword" or the "Company"), the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce that the Company has completed a Placing of 63,158 new Ordinary Shares of £0.05 per share par value in Crossword ("Ordinary Shares") ("Placing Shares") at a subscription price of £2.30 per Placing Share (the "Placing Price") raising gross proceeds totalling £145,263.

Placing Shares have been issued to the following substantial shareholder

SHARE CAPITAL FOLLOWING THE PLACING

Application will be made for the Placing Shares to be admitted to trading on NEX Growth Market. It is expected that Admission of the Shares will become effective and that dealings will commence in the Placing Shares by 8.00 a.m. on 25 May 2017.

Following admission of the Placing Shares, the Company's enlarged issued share capital will comprise 3,183,408 Ordinary Shares of 5 pence each with voting rights in the Company. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in the interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

About Crossword  
Crossword is a technology transfer company specialising in cyber security. Crossword works with universities who undertake advanced cyber security research in order to take their research through productisation to market. 
  
Further information, please contact: 
 
Tom Ilube- CEO, Crossword Cybersecurity 
Tel: +44 (0) 20 8973 2350 
Email: [email protected] 
 
NEX Exchange Corporate Advisor 
Nick Michaels and Jon Isaacs, Alfred Henry Corporate Finance Limited 
www.alfredhenry.com 
Tel: +44 (0)207 251 3762 
 
NEX Exchange Corporate Broker 
Claire Louise Noyce - CEO, Hybridan LLP 
Tel: +44 (0)203 764 2341 
Email: [email protected]

Note regarding forward-looking statements:

This announcement contains certain forward looking statements relating to the Company's future prospects, developments and business strategies. Forward looking statements are identified by their use of terms and phrases such as "targets" "estimates", "envisages", "believes", "expects", "aims", "intends", "plans", "will", "may", "anticipates", "would", "could" or similar expressions or the negative of those, variations or comparable expressions, including references to assumptions.

The forward looking statements in this announcement are based on current expectations and are subject to risks and uncertainties which could cause actual results to differ materially from those expressed or implied by those statements. These forward looking statements relate only to the position as at the date of this announcement. Neither the Directors nor the Company undertake any obligation to update forward looking statements, other than as required by the NEX Exchange Growth Market Rules for Issuers or by the rules of any other applicable securities regulatory authority, whether as a result of the information, future events or otherwise. You are advised to read this announcement and the information incorporated by reference herein, in its entirety. The events described in the forward-looking statements made in this announcement may not occur.

Neither the content of the Company's website (or any other website) nor any website accessible by hyperlinks on the Company's website (or any other website) is incorporated in, or forms part of, this announcement.

Any person receiving this announcement is advised to exercise caution in relation to the Placing. If in any doubt about any of the contents of this announcement, independent professional advice should be obtained.

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