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RedstoneConnect PLC Further RE: Possible Offer

Further to the announcements made by the Company on 29 September 2017 and 4 October 2017 in response to the possible offer announcement by A P Systems Holdings Ltd (“A P Systems”), the Board of Redstoneconnect PLC (LON:REDS) has now received a proposal from A P Systems. The proposal was an all-share offer of unlisted securities in A P Systems, a private company, at an implied valuation per RedstoneConnect ordinary share that represents a discount to the prevailing price of a RedstoneConnect share.

The Board has considered the proposal from A P Systems, together with its financial adviser Cantor Fitzgerald Europe. The Board believe the proposal by A P Systems to be totally inadequate and therefore there is no basis upon which to engage in discussions. The Board has informed A P Systems of its conclusion.

Shareholders of RedstoneConnect should take no further action.

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