Ann: GENERAL: XRO: Completion of Investment from Accel and Matrix Capital

• Release Date: 13/03/15 09:56
• Summary: GENERAL: XRO: Completion of Investment from Accel and Matrix Capital
• Price Sensitive: No
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					XRO
13/03/2015 09:56
GENERAL
NOT PRICE SENSITIVE
REL: 0956 HRS Xero Limited

GENERAL: XRO: Completion of Investment from Accel and Matrix Capital

XERO LIMITED

13 March 2015

Xero Limited (XRO) is pleased to announce that the investment in Xero Limited
by Accel Partners and Matrix Capital Management, as announced to the market
on 25 February 2015, was completed today, resulting in the issue of 6,643,636
Ordinary Shares in Xero Limited to AP Investments (HK) Limited, an entity
controlled by funds affiliated with Accel Partners, and the issue of 715,433
Ordinary Shares in Xero Limited in favour of funds managed by Matrix Capital
Management (the Share Issue).

Further details relating to the Share Issue are set out in the Appendix 3B
released to the ASX, and the Notification of Allotment of Securities released
to the NZX, on 13 March 2015.

-ENDS-

For more information contact:
Rod Drury
Xero CEO
+64 27 6000 007
[email protected]
Alice Chan
Xero PR
+1 (415) 740 8174
[email protected]

About Xero
Xero is beautiful, easy to use online accounting software for small
businesses and their advisors. The Company has over 400,000 paying customers
in more than 180 countries around the world and over 1,100 employees. Xero is
listed on the NZX and ASX. See www.xero.com
End CA:00261811 For:XRO    Type:GENERAL    Time:2015-03-13 09:56:24