TIDMESG

eServGlobal Limited

11 February 2019

eServGlobal Limited (eServGlobal or the "Company")

eServGlobal secures new project in Asia Pacific

11 February 2019

eServGlobal (LSE: ESG.L & ASX: ESV.AX), a pioneering digital transactions technology company, announces the successful signing of a new contract with an existing customer in Asia Pacific.

The value of the contract is approximately EUR1M which will be recognised over a three-year period, with approximately 50% capable of recognition in FY19.

The contract involves eServGlobal supplying a voucher management platform for a leading local operator in the region. Asia Pacific is one of the largest mobile markets in the world and recharge is an essential feature in this predominantly prepaid market.

James Hume, eServGlobal COO, said, "I am pleased to provide this update of a new project with a key customer in Asia Pacific. In December last year we communicated the delay of certain orders, I confirm that we have now secured another of these projects. We continue to focus on successfully converting our strong pipeline of opportunities, while maintaining the cost discipline exhibited during the last year."

About eServGlobal

eServGlobal (AIM:ESG, ASX:ESV) is a pioneering digital financial transactions technology company, enabling financial and telecommunications service providers to create smoother transactions for their customers through deep technical expertise and rapid implementation. Built on the latest technology platforms, eServGlobal offers a range of transaction services including digital wallets, commerce, remittance, recharge, rapid service connection and business analytics. eServGlobal combines more than 30 years' experience, with an agile, future-focused mindset, to align with the requirements of customers and partners around the globe.

Together with Mastercard, eServGlobal is a joint venture partner of the HomeSend global payment hub, enabling cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world.

For further information, please contact:

 
 eServGlobal                                          www.eservglobal.com 
 John Conoley, Executive Chairman                     investors@eservglobal.com 
  Tom Rowe, Company Secretary 
  Andrew Hayward, Chief Financial Officer 
  Alison Cheek, VP Corporate Communications 
 finnCap Limited (Nomad and Broker)                   www.finnCap.com 
  Corporate Finance: Jonny Franklin-Adams /            T: +44 (0) 20 7220 
  Anthony Adams / Hannah Boros                         0500 
  Corporate Broking: Tim Redfern / Richard Chambers 
 Tulchan Communications LLP                           www.tulchangroup.com 
  Jonathan Sibun / Matt Low                            T: +44 (0)207 353 4200

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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February 11, 2019 05:42 ET (10:42 GMT)

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