Result of General Meeting and Issue of Equity

23rd December 2014

CloudTag (AIM: CTAG), which develops personal performance monitoring for the professional sports and consumer wellbeing markets, is pleased to announce that, at the general meeting of the Company held earlier today, all resolutions were duly passed.

Accordingly, as set out in the notice of general meeting circular sent to shareholders on 4 December 2014, the Company has today issued 6,666,667 new ordinary shares in the Company to Amit Ben-Haim by way of capitalisation of fees and commissions owing to him at an issue price of 3.75 pence per share. Application will be made to the London Stock Exchange for these new ordinary shares to be admitted to trading on AIM and it is expected that dealings in these shares will commence on or around 31 December 2014.

Following the issue of equity, the issued share capital of the Company comprises 165,900,836 ordinary shares of 0.1 pence each.