Rm Regulatory News (RM.)

RM confirmed as ICT provider for Derby City BSF programme

RM confirms that it has reached financial close on a £4.6m contract to provide ICT systems and services for Derby City Council's Building Schools for the Future (BSF) programme. The systems and services will be provided as part of the Balfour Beatty Education consortium, which has been appointed to deliver Derby's BSF programme. RM previously announced on 21 June 2010 that it had been selected as preferred bidder for the contract.

Derby City's BSF programme will renew three secondary schools and provide enhancements to 15 other schools. RM will provide a comprehensive range of ICT products and services, including classroom technology, Community Connect 4 networking, e-mail, learning platform and cashless catering. In addition, the Group will provide a continuing professional development (CPD) programme during the initial implementation period.

Terry Sweeney, Chief Executive of RM, said:

"We are continuing to make progress bringing the BSF projects where we had been appointed preferred bidder to financial close. It's good news that we'll be working with our partners in the Balfour Beatty Education consortium on major renewals of three schools in Derby. We look forward to providing engaging technology to complement the inspiring new learning spaces planned as part of the programme."

For further information, please contact:

Notes:

1. The RM Group is a leading provider of educational solutions that help teachers to teach and learners to learn. RM works closely with educationalists to create new products, processes and technology which improve education. RM is listed on the main market of the London Stock Exchange under the symbol RM.L, ISIN GB0002870417. Further details are available at www.rm.com/investors and through the Group's investor blog at rminvestors.wordpress.com

2. RM announced on 21 June 2010 that it had been appointed as preferred bidder for Derby City Council's Building Schools for the Future (BSF) programme and indicated that the project would be worth up to £35m. Since then, the Department for Education has announced a review of the BSF programme, in which the Derby City programme was scaled back to include only three 'sample' schools.