Norkom Group plc Corporate Announcement

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Statement regarding the recent upward share price movement

The Board of Norkom, a market-leading provider of innovative financial crime and compliance solutions to the global financial services industry, notes the recent upward movement in the Company's share price and confirms that it is in discussions with a number of parties which may or may not lead to an offer being made for the entire issued and to be issued share capital of the Company.

While these discussions are ongoing, Norkom continues to pursue its stated strategy of developing the Company's presence in new markets and generating significant business from existing clients. The Norkom board remains committed to maximising shareholder value in all circumstances, and this approach includes taking account of the strategic options available to the Company at any given time, including a sale of the business to a third party.

Shareholders should note that the discussions are at a preliminary stage and there can be no certainty that an offer will be made for Norkom or as to the terms on which any offer would be made.

A further announcement will be made if and when appropriate.

In accordance with Rule 2.10 of the Irish Takeover Panel Act, 1997, Takeovers Rules, 2007 (as amended) (the "Rules"), the Company confirms that it has 89,828,386 ordinary shares of EUR 0.01 each in issue and admitted to trading on the AIM and ESM Markets of the London Stock Exchange and Irish Stock Exchange respectively, under the ISIN code IE00B16PV578.

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