Shearwater Regulatory News (SWG)

24 March 2022

RNS Reach

Shearwater Group PLC

("Shearwater", or the "Group")

Contract Win

Brookcourt Solutions secures new contract with leading 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 new contract to the value of c.£620,000 with a leading telecommunications and media company. The contract contributes to the Group's current full year expectations.

The solution is critical to help enable forensic monitoring of the organisation's new 5G network, allowing optimal performance to be achieved.

Phil Higgins, Group Chief Executive Officer of Shearwater, commented:

"We are delighted to win this new solution deal. Being able to supply an industry leading customer with value-adding solutions and services that contribute to streamlining their performance is a great achievement. This type of contract demonstrates that we are achieving the vision that we set out for ourselves as a Group: to be provider of choice delivering next generation technology, professional advisory and cyber security services and solutions."

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.