Xero Limited (XRO) / Announcements

Historical

Xero Annual Meeting 2012

4:00pm, 26 Jul 2012 | MEETING

MARKET RELEASE
Xero accelerates to 100,000 customers

26 July 2012

Key announcements at 2012 Annual Meeting

• Xero now has 100,000 paying customers – up from 45,000 at last year’s Annual Meeting. Xero’s first 50,000 customers took 5 years to achieve, the second 50,000 was achieved in 10 months.

• Associated with the above customers, the annualised committed monthly revenue has leapt to $34.5 million, up from $25.5 million at 31 March 2012, and 57% of Xero’s committed monthly revenue is from offshore markets, up from 51% at 31 March 2012.

• Xero will consider dual listing on the ASX to make it easier for Australian partners and customers to purchase shares.

For more detail please refer to the Xero Annual Meeting slide presentation filed with NZX and subsequently also available on the Xero website at www.xero.com/investors.

ENDS

For more information contact:

Rod Drury
Xero CEO
rod.drury@xero.com
+64 27 6000 007