CTP.L Regulatory News (CTP)

Castleton Technology PLC

("Castleton", the "Company" or the "Group")

Contract Win

Castleton Technology plc (AIM: CTP) ("Castleton"), the software and managed services provider to the public and not-for-profit sectors, is pleased to announce that it has secured a significant new Managed Services contract with Dumfries and Galloway Housing Partnership ("DGHP").

Castleton will deliver a full end-to-end managed service to DGHP over four years with an option for two annual extensions thereafter. The total contract value is £1.2 million for a fully managed service rising to £1.6 million if the extension options are exercised.

Under the terms of the contract Castleton will provide:

- hosted workspace as a service including desktop refresh and ancillary services utilising private cloud and public cloud (Azure & AWS) where applicable;

- application hosting in Castleton's Tier 3 datacentres;

- business continuity via Castleton's leading backup and disaster recovery service;

- Information Governance through robust IT Security services;

- WAN and LAN management; and

- continual service improvement through service desk management and device management & support.

Dean Dickinson, CEO of Castleton, said: "This significant contract shows progress within our stated strategy of growing recurring revenue and building long term prospects within the core customer base. Furthermore, this contract win demonstrates how well-placed we are to win new customers and quality contracts within our chosen sectors. As we continue to expand our customer base, we are also seeing increasing opportunities for upselling and cross-selling other products and services across the Group."

Hugh Carr, Finance Director of DGHP, said: "DGHP is delighted to be working with Castleton in supporting the transformation of our IT systems. We have an ambitious road map for change and have great confidence that in working with Castleton this transformation will be successful."

About Castleton Technology plc

Castleton Technology plc is a leading supplier of complementary software and managed services to the public and not-for-profit sectors. The Group is a 'one stop shop', providing integrated housing systems via the Cloud, working in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. www.castletonplc.com