Shearwater Regulatory News (SWG)

15 September 2021

RNS Reach

SHEARWATER GROUP PLC

("Shearwater" or the "Group")

Contract Renewal

Brookcourt Solutions secures significant contract renewal with leading British telecommunications and media company

Shearwater Group plc, the organisational resilience group that provides cybersecurity, professional advisory and managed security services, announces that its group company, Brookcourt Solutions, has secured a one-year contract renewal with a value of c. £1.0 million with a leading British telecommunications and media company.

The contract, for ongoing support for a data protection and monitoring platform delivered by Brookcourt Solutions, will see Brookcourt continue to ensure effective data protection solutions and tools are implemented in the client's environment, mitigating database risks and detecting compliance and security policy violations. In doing so Brookcourt will be helping the client to eliminate data breaches and associated large penalties.

Phil Higgins, CEO of Shearwater, commented:

"We are delighted to have been reappointed as the supplier of choice for this leading British telecommunications company. Such a significant contract renewal signifies the quality of Brookcourt's offering and is testament to the value of the services the Group provides. Following our recent announcement of another contract renewal, this demonstrates the excellent relationships we have with our clients."

Enquiries:

This is an RNS Reach announcement and the information contained is not considered to have a significant impact on management's expectations of the Group's performance. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

About Shearwater Group plc

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to help create a safer online environment for organisations and their end users.

The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

The Group is headquartered in the UK, serving customers across the globe across a broad spectrum of industries.

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG". For more information, please visit www.shearwatergroup.com.