Shearwater Regulatory News (SWG)

6 January 2021

SHEARWATER GROUP PLC

("Shearwater", or the "Group")

Contract Win

 Brookcourt Solutions signs five year supply agreement with global retailer

Shearwater Group plc, the organisational resilience group, announces that its group company, Brookcourt Solutions Limited ("Brookcourt"), has secured a five-year supply agreement with a global fashion retailer, headquartered in New York.

The first contract to be delivered under the supply agreement encompasses the delivery of a secure ID-authenticated printing solution as well as a 12-month maintenance and service contract, for use within ten European countries across 17 sites. The value of the first contract is £860,000, of which the majority is expected to be recognised in the current full year. This contract win underpins the Group's current full year forecasts, with the supply agreement having the potential to deliver further revenue opportunities in future years.

Brookcourt presented a secure ID-authenticated printing solution that was selected by the client due to its superior technology and enhanced security features, safeguarding important documentation which is never left unattended but can be printed securely when required. This solution ensures that the global retailer is protected by very high security standards, whilst the implementation of the new technology will also result in improved efficiencies and cost savings for the client.

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

"We are pleased to have secured this contract win with a successful global retailer. Our new client appreciates the importance of maintaining vigorous security standards in order to protect its business.

The supply agreement demonstrates Brookcourt's ability to leverage its deep understanding of best-in-class technologies in order to deploy robust, effective and cost-efficient solutions for complex businesses such as this which span numerous markets."

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About Shearwater Group plc

Shearwater Group plc is an award-winning organisational resilience group that provides cybersecurity, advisory and managed security services to help assure and secure businesses in a connected global economy.

The Group's comprehensive cybersecurity solutions and services maintain trust between users, assure the protection of information assets and critical infrastructure, and support organisations' operational effectiveness. Its capabilities include identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance.

The Group is headquartered in the UK, serving customers across the globe who are active in 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.