Phorm Corporation Limited

Interim Results for the Six Months Ended 30 June 2014 - Seite 4

Looking ahead, we are developing a number of statistical techniques and software technologies, which will allow us to automate much of the performance management process. We expect some of these efforts to bear fruit within the coming months. We currently anticipate this to replace manual performance management as the most critical resource allocation within the business.

In summary, growth rates achieved so far have been very significant and we expect them to accelerate. Comparing H1 2013 to H1 2014, we have seen a 44 fold increase in peak daily unique users, a 42 fold increase in advertising requests and a 18 fold increase in revenues. Simply extrapolating those growth rates moving forward would lead us to highly respectable large scale revenues. However, we believe that, based upon what we currently have in hand and in our pipeline, rates of growth should in fact accelerate further, particularly as current test campaigns convert into full-scale commercial campaigns.

We have made good progress in the first half of 2014 and the group is now well positioned for the remainder of the year as we seek to build on our achievements to date.

Kent Ertugrul
Chairman & Chief Executive Officer
22 August 2014

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For further information please contact:

Phorm Corporation Limited
Andy Croxson (analysts and investors)
[phone]

UK Investors
Mirabaud Securities LLP (Broker)
[phone]
Jason Woollard
Peter Krens

Strand Hanson Limited (Nominated Adviser)
[phone]
James Harris
Matthew Chandler
James Dance

US Investors
Lippert/Heilshorn and Associates (Investor Relations)
[phone]
John Heilshorn