30th January 2015

Dear Shareholder,

Netalogue Technologies plc - Q3 Update

Since my half-year statement we have continued to invest in the Netalogue B2B
Ecommerce Platform and associated technologies; this is continuing to grow our
footprint in key ERP marketplaces including SAP.

We are seeing sales growth in both the direct and partner channels with
particular interest from the supply chain and logistics sector where there is
demand for private cloud B2B solutions to manage enterprise procurement.

While client budgets remain tightly managed and contested the Netalogue B2B
Ecommerce Platform particularly demonstrates the ability to reduce risk and
time to market.

Geoff Henderson

Chairman
Netalogue Technologies plc

www.netalogue.com