Shore Capital is pleased to have acted as Financial Adviser to Kofax on its Recommended Cash Offer for Tungsten Corporation plc, delivering a successful acquisition following a public competitive bid situation.

Under the terms of the offer, Kofax acquired the entire issued share capital of Tungsten at a price of 55 pence per Tungsten share, valuing Tungsten at approximately £71 million.

For further information please contact:

Shore Capital: +44 (0) 20 7408 4090

Corporate Advisory: Stephane Auton / Daniel Bush

Corporate Broking: Guy Wiehahn

For media enquiries, please contact:

Adele Gilbert: +44 (0)7484 778 331