TXT TXT E Solutions SPA

Press Release 23 May 2012

TXT e-solutions: successful end to Polymedia guarantee period Escrow funds released for 3,2m

Milan - 23 May 2012 TXT announces the positive conclusion of the guarantee period on several representations and warranties related to Sale Agreement of Polymedia signed in May 2011. The buyer has filed no claims or indemnification requests. Most of the guarantees envisaged in the agreement have expired on the first anniversary of the signing and therefore the escrow account of 3,1 million and 54,286 Kit Digital shares now stand fully released in favour of TXT. This availability has no impact on the positive Net Financial Position of 14,8 million for the period ended 31 March 2012. However, the fresh injection of additional resources will allow financing of the plans recently illustrated by the TXT Group to investors and analysts. A few guarantees are still in place, their expiry is subject to legal limitations terms. "We are undoubtedly happy about this good news ­ said Mr. Alvise Braga Illa, Group Chairman ­ it only confirms the world class standards of quality and transparency that lie at the heart of our company and business". Investors and Shareholders are reminded that, commencing Monday 28 May 2012, TXT will execute a free capital increase by means of 1 new ordinary share issued against 1 already in possession. Company stock will trade ex-attribution from 28 May. TXT e-solutions SpA deliberated share capital will go from 1,4 million to 2,8 million, on the basis of 5,518,078 ordinary shares.

TXT e-solutions is an international leader in the supply of software and strategic solutions to large enterprises. Main areas of business are: Demand & Supply Chain Management with the TXT Perform offering, especially targeting Luxury, Fashion, retail and Consumer Goods sectors; Software for Complex Operations & Manufacturing, for Aerospace, Defence, High-Tech and Financial Institutions, with the TXT Next offering. Listed in the STAR segment of the Milan Stock Exchange (TXT.MI), TXT is based in Milan and has offices in Italy, France, UK, Germany and Spain.

For further information: TXT e-solutions SpA CFO Paolo Matarazzo Tel. +39 02 25771.355 paolo.matarazzo@txtgroup.com

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