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Redstone Plc

("Redstone" or "The Company")

4 Year Contract Extension/ Further Financial Sector Contract

Redstone Plc (AIM:RED) the leading provider of network based end to end managed services, technology and infrastructure solutions announces the extension of a managed services contract for a further 4 years by an existing customer from within the financial sector. For competitive reasons, the Company is unable to disclose the customer's identity.

The contract extension with an estimated value of up to £10 million over the term of the contract will see Redstone provide managed services, including the use of its own proprietary software for the customer's critical IT infrastructure.

Redstone Chief Executive, Tony Weaver, commented:

"We are delighted this customer has committed to a further multi-year contract, this is a clear demonstration of further customer confidence in Redstone and is testament to the service being delivered."

27 June 2011

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