Redcentric Regulatory News (RCN)

9 May 2013

Redcentric plc

 ("Redcentric" or "the Company")

Contract Win

Redcentric plc (AIM:RCN.L), a leading end to end managed service provider delivering innovative technology to improve business productivity and efficiency, is pleased to announce a contract with a leading UK mobile and broadband services provider for a managed Wide Area Network ("WAN").

The contract will cover the monitoring and support of the WAN, managed security services and technology enhancement and management.

The contract is worth approximately £1 million over the next 12 months and comes after the Company was awarded a managed service contract renewal from the same customer in December.

Fraser Fisher, Chief Operating Officer, commented:

"We're delighted that yet another customer has been so impressed with Redcentric's quality of service that it has chosen to take an additional managed service from our compelling portfolio. Furthermore, this adds another retail chain that is entrusting Redcentric to keep its high street shops connected and ready for business."

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About Redcentric

Redcentric was incorporated on 11 February 2013. The business of the Redcentric Group is made up of the demerged Managed Services components of the Redstone Group, as enhanced by the acquisition of Maxima in November 2012. The acquisition of Maxima augmented the network assets owned by Redstone, including its connectivity, Cloud and hosting capabilities with a well regarded mid-market business specialising in ICT managed services, managed security, unified communications and Cloud services. Further, the acquisition provides the Redcentric Group with an enhanced onshore and offshore 24 hour/365 day support function to underpin its service level agreements. The combined businesses enjoy a scale that has enhanced their presence in the marketplace and provided an enlarged customer base to cross-sell a broad suite of well regarded and supported services.