RS2 plc - New Licence Agreement

On 12 July, RS2 Software plc announced that it has entered into a license agreement, worth GBP8.5 million, for its proprietary software BankWORKS with one of the leading financial institutions in Europe (licensee).

The terms of the license agreement stipulate that the Licensee shall have the right to terminate the agreement for convenience up to the 30 August 2013.

Further disclosures will be made in due course.