REGULATED INFORMATION

PRESS RELEASE 23 May 2013

Keyware confirms rise in turnover and net profit

Brussels, Belgium - 23 May 2013 - Keyware (EURONEXT Brussels: KEYW) today announces the financial results for the first quarter of 2013, which closed on 31 March 2013.
Keyware confirms its history of steady growth, with a 2.33% increase in turnover. Moreover, Keyware realised a net profit of 159 kEUR, compared to a profit of 104 kEUR for the first quarter
2012, an increase of 53%. The net cash-flow rose from 333 kEUR to 498 kEUR.
Keyware began 2013 strongly, and thus continues to build on the successful year it enjoyed in
2012. The first quarter closed with a turnover of 2,193 kEUR, compared to 2,143 kEUR last year.
For the first quarter Keyware succeeded in further increasing its market share in the economically more stable market segments, with regard to both payment terminals and transaction agreements.
In addition, in collaboration with its business partners Keyware launched a number of specific and successful actions addressed to start-ups. After all, Keyware regards it as part of its mission to actively promote the use of electronic payment, and thus contribute to a better economic society.
Keyware also notes a rising demand for the high-end mobile devices within its product line. Firstly, because ever more sectors are opting for immediate payment upon delivery, and secondly because Keyware´s GPRS devices perform better and offer more advantages than the GSM terminals still present in the market.

REGULATED INFORMATION


First quarter of 2013:
- the Group realised a turnover of 2,193 kEUR, compared to 2,143 kEUR for the same period in 2012, amounting to an increase in turnover of 2.33%;
- the operating cash-flow (EBITDA) for the first quarter amounts to 366 kEUR, compared
to 344 kEUR for the first quarter of 2012;
- the net profit amounts to 159 kEUR, compared to a net profit of 104 kEUR as at 31
March 2012;
- the net cash-flow amounts to 498 kEUR, compared to 333 kEUR as at 31 March 2012;
- the gross profit margin rose from 73.31% to 78.57%.

1st quarter

Key figures 31.03.2013 31.03.2012

Over the period ending on 31 March kEUR kEUR

(unaudited) (unaudited)

Turnover

2,193 2,143

Profit/(loss) of the period

159 104

EBITDA

Net cash-flow

366 344

498 333

About Keyware
Keyware (EURONEXT Brussels: KEYW) is a leading supplier of solutions for electronic payment, loyalty systems, identity applications and the related transaction management. Keyware is established in Zaventem, Belgium and more information is available at www.keyware.com.
For additional information, contact :
Mr Stéphane Vandervelde
President & CEO Keyware Technologies
Tel: +32 (0)2 346.25.23 ir@keyware.com www.keyware.com

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