EU Supply appoints Andreas Kemi to its Board as Non-Executive Director

– SWEDEN, Stockholm – EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that it has appointed Andreas Kemi as a Non-Executive Director of the Company with immediate effect.

Andreas Kemi co-founded Scala Business Solutions N.V (“Scala”), a global mid-market ERP company with operations in over 60 countries, and served as its Chief Executive Officer from 1993-1999. He led the company’s development and successful roll-out into the emerging markets of Central and Eastern Europe, Russia and China, where 60% of its software was deployed. In 1998 Scala listed on the Amsterdam Stock Exchange. From 1999-2003, Andreas served as Chairman of the company’s Supervisory Board before and returning to his CEO role in mid-2003. Following the successful acquisition of Scala by Epicor Software Corporation (“Epicor”) in 2004, which formed a global mid-market leader with over 250 million USD in revenues, Mr Kemi became a Non-Executive Director of Epicor until May 2005.

He was an early and active investor in Uproar, Logmein and the founder and Chief Executive Officer of UCMS Group EMEA Limited. He was also a co-founder and actively involved in building up Fathom Technology, a central European software development outsourcing company which later merged with EPAM to form the largest software outsourcer in the region. He currently serves as a Non-Executive Director of UCMS Group EMEA Limited, Tresorit AG, CHB Investments Limited and is a founding investor and adviser to the board and management of Quinyx AB.

David Cutler, Non-Executive Chairman of EU Supply, said: “I am delighted to announce Andreas’ appointment as a Non-Executive Director of the Company and to welcome him to the Board. He has an impressive industry and business background, including international experience, with the combination of skills necessary to strengthen the Company and we are looking forward to working closely with him.”

EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for esourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ (“CTM™”) platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.

The Directors believe that the Group’s CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 7,000 European public sector bodies in 8 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).

The Company’s shares were admitted to trading on AIM in November 2013. In August 2015, the Company raised a total of £1.353m (before expenses) through a placing of new shares and the issue of the first tranche of Convertible Loan Notes to institutional and other investors.

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