QUOTIUM TECHNO : LOGIES : PRESS RELEASE OCTOBER 25,2012

QUOTIUM TECHNOLOGIES
PRESS RELEASE OCTOBER 25, 2012

Courbevoie, October 25, 2012 6 PM- Quotium Technologies SA ("Quotium") announces that,

• at the conclusion of its General Meeting of Shareholders, held on August 6, 2012 at 2:00PM, its project of issuance of 572 079 ORA, reserved to the shareholders of the company Seeker Security Ltd in compensation for the debt representing the selling price of all their shares to Quotium, has been approved. 

• the Board of Directors, held on October 25,2012 has decided the issuance of : 

  • 390 516 ORA (ORA I), reserved to all existing shareholders of Seeker Security Ltd, redeemable on January 2, 2014 with the option of early repayment on the initiative of QUOTIUM; 

  • 181 563 ORA (ORA II), reserved to the three shareholders and founders of Seeker Security Ltd, depending on the achievement of certain objectives, redeemable may 2, 2015, or no later than May 2, 2016 with the option of early repayment on the initiative of QUOTIUM. 

The total nominal amount of the issuance of ORA I and ORA II is 6 384 401.64 ?.

The total number of bonds convertible in shares (ORA I and ORA II) has been subscribed at the conclusion of the Board of Directors.

The shareholders have also approved the appointment, as administrators of Quotium,
of Messrs Ofer MAOR and Amit BANAI, two shareholders of Seeker Security Ltd.

About QUOTIUM

Quotium Technologies is a French actor of software publishing, headquartered in Paris La Défense, with two subsidiaries in London and New York. Quotium is an expert in the management of business applications in terms of Security, Performance and Availability. Quotium's products are designed for major accounts among which we count 200 active references (including 15 from the CAC 40). The company is strongly oriented towards innovation with 50% of its staffing allocated to R&D.