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ADGORITHMS LTD

("Adgorithms" or the "Company")

Directorate Change

Adgorithms today announces that Ron Stern will be standing down as CFO and Director of Adgorithms following the Company's annual results for the year ended 31 December 2016, which are expected to be announced in April 2017, in order to pursue other career opportunities.

A thorough search and selection process has commenced with immediate effect in order to appoint a successor as soon as possible.

Or Shani, Founder and CEO of Adgorithms, commented:

"Ron has made a major contribution to the business over the last 2.5 years and I am grateful for his help over that time. I wish him all the best in his next position."