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2016-05-12

AND International Publishers: Trading update AND International Publishers NV

AND's revenue and profit show sharp increase in the first four months of 2016

Capelle aan den IJssel, the Netherlands - 12 May 2016 - AND International
Publishers NV realized a sharp increase in revenue and profit in the first
four months of 2016. The license agreement with one of Europe's largest
Internet companies, closed in February 2016, contributes substantially to the
increase in revenue and profits. The company maintains its previous guidance
for the full year 2016.

AND CEO Hugo van der Linde: "AND will continue on the chosen path in 2016.
This means that we shall continue to invest in our digital maps so as to
expand our coverage and improve quality. In addition, we are in the process
of opening an office in the United States later this year to grow in this
important market. We are currently in discussions with candidates to set up
this office. This year AND has executed a number of customized projects in
the Netherlands. Together with a department of the police AND developed a map
tile server including specific points of interests. In another project, AND
has worked with a client to support their map features. I am also pleased
that we can pay a dividend to our shareholders in respect of the 2015
financial year. It is our intention to pay dividends on a regular basis in
the years ahead. "

Course of events

In January the production of the high quality premium navigation map of Canada
was completed. This completes the upgrade and enrichment program for high
quality premium navigation maps of North-America. AND more than doubled the
coverage of AND's navigation maps.

In February, AND entered into a material agreement to license mapping data
with one of the largest European internet companies. The license agreement
includes AND's worldwide digital maps.

As previously reported this year, AND has suspended talks until further notice
regarding exploratory talks with multiple companies about a possible offer
for all AND shares. AND will provide further information when applicable, in
accordance with applicable laws and regulations.

In April, AND announced a licensing agreement with CycloMedia. This empowers
AND's capability to deploy data generated by cars in its digital maps. In
2016 AND starts a pilot project. This step enhances AND's growth prospects in
the automotive sector, which is on the brink of new developments driven by
technology and an important user of digital maps.

In addition, AND announced that it has been enrolled as a member of ADASIS, a
platform for car manufacturers and map makers to standardize interface
between in-vehicle ADAS (Advanced Driver Assistance Systems) applications and
map data sources. Partners of ADASIS include car manufacturers (like BMW,
Daimler, FORD, Honda, Renault, Toyota, Volkswagen and Volvo) and map makers
(like HERE and TomTom).

Future trading updates

In January the Dutch legislation changed with regards to the obligation to
publish quarterly trading updates. AND has decided to stop the publication of
the trading updates starting the financial year 2017. AND is a small fund and
being a listed public company requires relatively much costs and management
attention. Ceasing the publication of trading updates will contribute to
reduce these costs and make more time available for management to focus on
operational topics.

AND values good communication with investors and will continue to directly
communicate to the market as and when required.

Outlook for 2016

AND company is positive about the new opportunities presented by today's
rapidly changing technological possibilities and market developments,
including the automotive sector. The end of February 2016, AND signed an
important license agreement with one of Europe's largest Internet companies
to use its digital mapping and, as a consequence of this, the company has
guaranteed a revenue of at least €6.5 million in 2016, representing a marked
growth in revenue compared with 2015.

Strategy

AND is the only independent player in the global map market offering digital
mapping for location-based services. This creates good opportunities and AND
will accordingly be improving and expanding its existing maps even more
effectively. AND will also be focusing on increasing the added value which it
offers by providing its maps and data as customized services.
Note for editor, not for publication.

For further information please contact Hugo van der Linde on 0031-10-8851200
or go towww.and.com

This is an English translation of the Dutch press release. In the event of any
disparity between the Dutch original and this translation, the Dutch text
will prevail.

The qualification regarding revenue growth used in this press release is based
on the terminology from the scale of Mock.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AND International Publishers via Globenewswire

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