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Deepening of engagement with Channel Partners and growing deployment pipeline

Actual Experience plc (AIM: ACT), the analytics-as-a-service company, is pleased to announce its unaudited consolidated interim results for the six months ended 31 March 2019.

Highlights

• Deepening of our engagement with our Channel Partners and two further 'land and expand' customer deployments secured
• Increased automation and scalability of our Analytics-as-a-Service ("AaaS"), to support our Channel Partners
• Revenue increased to £953,025 (31 March 2018: £264,348), reflecting growth in Channel Partner revenue
• Operating loss reduced to £3,458,087 (31 March 2018: loss of £3,825,738), in line with management expectations
• Loss per share of 7.37p (31 March 2018: loss per share of 7.75p)
• Cash and cash equivalents at 31 March 2019 of £8,166,466 (30 September 2018: £10,776,516)

Post period end

• First successful evaluation of 'built in' Channel Partner achieved, a key strategic milestone

Dave Page, CEO of Actual Experience plc, said: "The success of the two large scale deployments announced last year has been the catalyst for deepening our engagement with these Channel Partners in the new financial year. The new pipeline of opportunities generated as a result of this change in engagement is starting to reach the point in the sales cycle where deals can be closed, with the first two having been secured in the first half of the year. In addition, long term pipeline development will be boosted as a result of successful evaluation by our Channel Partner of the built-into-hardware, announced earlier this month reaches the deployment phase. This is a landmark development for Actual Experience, representing the first successful achievement of another key strategic milestone on the pathway to the generation of recurring revenue at scale with minimal set-up costs. With a significant market opportunity, growing Channel Partner traction and increasingly scalable offering, the Board looks to the future with confidence.

Enquiries:

Actual Experience plc	via Alma PR
Dave Page, Chief Executive Officer Steve Bennetts, Chief Financial Officer
N+1 Singer Advisory LLP	Tel: +44 (0)207 496 3000
Shaun Dobson Lauren Kettle
Alma PR
Caroline Forde Josh Royston Helena Bogle	Tel: +44 (0)7779 664584 Tel: +44 (0)7780 901979 Tel: +44 (0)7580216203

About Actual Experience

Actual Experience's analytics provide the digital Voice of the Customer. This is a real-time, data-driven view of what end users would say about the quality of a company's digital products and services, and why. Our customers can analyse everything that impacts the experience quality in their digital supply chains, for any service, type of user or the Internet of Things. It gives them complete transparency from the point of provision to the point of use and whether inside or outside their business's control. The insights can be used to make continuous improvements to their business performance.

Actual Experience is listed on the London Stock Exchange (AIM: ACT). Our development headquarters is in Bath, UK, and we also have offices in London. Actual Experience's unique and patented digital analytics-as-a-service is founded on ten years of cutting-edge research at Queen Mary University of London.

For further information please visit www.actual-experience.com