Acquisition

RNS Number : 7406Z

Regenersis PLC

22 September 2015

REGENERSIS PLC

("Regenersis")

ACQUISITION OF US ERASURE BUSINESS TABERNUS

Regenersis Plc (AIM:RGS.L, "Regenersis", the "Group") is pleased to announce the acquisition of Tabernus, the US market leader and global number 2 provider of data erasure software.

Regenersis has agreed to acquire the entire issued share capital of Tabernus LLC and Tabernus Europe Limited, together comprising the entire operations of Tabernus. The consideration is $12 million, comprising cash payment of $10 million funded through the Group revolver facility, and a maximum of $2 million in deferred cash consideration payable after 2 years.

Tabernus is the market leader in data erasure software in the USA, and the global number two player after Blancco. In addition to its numerous accreditations from NATO, US Department of Defense and CESG, Tabernus counts many of the world's most innovative technology, finance and retail brands as global customers. This transaction secures Blancco's global market position.

In the year to 30 April 2015, Tabernus generated revenues of $3.0 million and profit before taxation of $0.4 million, with net assets of $0.1 million before fair value adjustments as at 30 April 2015. The acquisition is expected to be earnings accretive.

Tabernus is the global number two competitor in software data erasure, and will further strengthen Blancco's global market position and expanding its product portfolio in certain attractive niches.

The effective date of exchange was 9 September 2015 and completion is anticipated to occur on 23 September 2015.

Enquiries:

Regenersis Plc +44 (0) 20 3657 7000

Matthew Peacock, Executive Chairman

Jog Dhody, Chief Financial Officer

Peel Hunt LLP (Nomad and Joint Broker) +44 (0) 20 7418 8900

Richard Kauffer

Edward Fox

Panmure Gordon (UK) Limited (Joint Broker) +44 (0) 20 7886 2500

Charles Leigh Pemberton

Tulchan Communications +44 (0) 20 7353 4200

Tom Murray