PLEXURE GROUP LIMITED (PLX) COVOID-19 MARKET UPDATE

Plexure Group Limited (NZX:PLX) wishes to update the market that there will be no impact on the Company's financial performance for the year ended 31 March 2020 resultant on the COVID-19 pandemic. Plexure re-affirms its revenue guidance within the range of $24.5M to $25.0M for the year ended 31 March 2020 (which was provided to the market on 9 February 2020). Plexure will also record a profit for FY20 and end the year with a minimum of $14.0M in the bank, subject to customers following normal payment patterns. Plexure's Chair, Phil Norman, notes that the Company is well positioned to weather current financial conditions. "We have a strong balance sheet and options around our cost structure and how much we choose to invest in our platform. In the last two financial years, revenues have grown at 40% plus and the Company will continue to pursue a growth strategy so long as market conditions permit". The Company is planning to release its FY20 Results to the market on the 19 May 2020, however this is subject to any people related impacts associated with COVID-19. ENDS. PLEXURE GROUP LIMITED For more information please contact: Andrew Dalziel, CFO Mobile: +64 27 677 7575? Email: andrew.dalziel@plexure.com End CA:00350240 For:PLX Type:MKTUPDTE Time:2020-03-19 09:40:15