Ubisense Group PLC Statement re sale of division (8018L)

TIDMUBI

RNS Number : 8018L

Ubisense Group PLC

31 December 2018

Ubisense Group plc

(the "Company" or the "Group")

Completion of Sale of RTLS SmartSpace

Ubisense Group plc (AIM: UBI) is pleased to announce that it has completed the sale of the RTLS SmartSpace business (the "Sale") that was announced on 21 November 2018.

From 3 January 2019, it is expected that the shares of the Company will trade under the new name IQGeo Group Plc and the ticker (TIDM) "IQG". The successful sale enables the Company to be a focused and well-funded geospatial software company working globally with telecoms and utilities companies in markets that are expected to increase significantly over the next five years.

For further information contact:

Ubisense Group plc +44 (0) 1223 535170

Richard Petti

Tim Gingell

finnCap Ltd +44 (0) 20 7220 0500

Henrik Persson, Anthony Adams (Corporate Finance)

Tim Redfern, Richard Chambers (Corporate Broking)

Tulchan Communications LLP +44 (0) 20 7353 4200

James Macey White, Matt Low, Deborah Roney

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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December 31, 2018 05:09 ET (10:09 GMT)

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