Announcements

RCI, Change of financial controller

20 January 2015

RapidCloud International plc (AIM:RCI), the computing services, web-hosting and web-solutions provider based in Southeast Asia, announces that Darren Hopkins has ceased to be the Group’s Interim Finance Director in order to enable him to take up another UK based opportunity. Darren was not appointed to the board of RapidCloud and as Interim Finance Director assisted the Company in its listing and reporting processes from August 2013.

A replacement Malaysia based Financial Controller has been appointed and the Company intends on appointing this candidate to the board of RapidCloud, subject to completion of the necessary due diligence and other checks in accordance with the AIM Rules for Companies.

Raymond Chee, Managing Director, commented: "This new Financial Controller appointment is consistent with RapidCloud’s stated intention to appoint a full time Finance Director, based in the Kuala Lumpur Headquarters.

We are extremely grateful to the assistance Darren has given us over the last few years. His role was always intended on being temporary and we look forward to being able to announce a permanent replacement for Darren at the appropriate time.”

For further information, please visit www.rapidcloudasia.com or contact:

RapidCloud International Plc
Raymond Chee, Managing Director
David Cotterell, Chairman
investorqueries@rapidcloudasia.com
Allenby Capital, Nominated Adviser and Joint Broker
Alex Price
Jeremy Porter
Chris Crawford
Tel: +44 (0)20 3328 5656
Walbrook, Financial PR and IR
Bob Huxford
Guy McDougall
Tel: 44 (0)20 7933 8792
rapidcloud@walbrookpr.com

About RapidCloud

RapidCloud, one of the few integrated subscription-based computing solutions providers in Malaysia that offers its services through all three currently available segments of cloud computing. The Company is based in Southeast Asia and is one of the few solutions providers in the region to deliver its offerings through all three available Cloud Computing segments, i.e. Software-as-a-Service, Infrastructure-as-a-Service and Platform-as-a-Service.

Formed in 1999 the Company has a well-established cloud offering with a customer base of 37,000. These are predominantly SMEs but also include blue-chip clients such as Deloitte, BAE Systems and Canon, for which RapidCloud’s extensive R&D department creates bespoke software solutions.

RapidCloud currently has operations in Malaysia, Thailand and the Philippines and has plans to expand into Indonesia. According to industry research commissioned by RapidCloud from Frost & Sullivan in 2013, the Cloud Computing industry in Asia Pacific is expected to grow at a CAGR of 49.6% between 2013 and 2015, giving a market size of US45.6 billion by 2015.

RapidCloud International plc was admitted to AIM on 14 August 2013.