CTP.L Regulatory News (CTP)

2 April 2013

Redstone plc

 ("Redstone" or "the Company")

Contract Win

Redstone plc (AIM:RED.L), a leading provider of network based end to end managed services, technology and infrastructure solutions, is pleased to announce the renewal and expansion of a managed services agreement with a leading financial services organisation.

The contract is worth approximately £6.9m over a three year term, £3m of which is net new business.

The deal sees the renewal of the existing 'adds, moves and changes' arrangement with the organisation for a further three years. Redstone has also won an extension of the contract to provide full deskside high touch support services across the UK.

The extended contract covers the EMEA region, potentially offering additional opportunities in the future.

Fraser Fisher, Managing Director Redstone Group Operations, commented, "This is a fantastic win for our campus services division. It extends a long-running relationship for another three years and demonstrates how Redstone's flexibility is well received by clients and is winning us additional business."

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