Team Internet Regulatory News (TIG)

26 April 2013

The Innovation Group plc('Innovation Group' or the 'Group')Major New UK Customer Win

The Innovation Group plc (LSE: TIG.L) a global provider of business process outsourcing and software solutions to the insurance, fleet, automotive and property industries is pleased to announce that it has signed a major new contract with one of the UK's largest insurers.

The contract will see Innovation Group supply the Insurer with its market leading claims scoping and supplier management solution: Innovation Symbility.

The contract will run for a period of seven years and be charged on a transactional basis. This will generate revenues of approx £1m per annum.

Andy Roberts, Chief Executive Officer of Innovation Group commented:

"I am delighted that Innovation Symbility has been selected for its software and services as a partner of choice. The combination of leading technology and product expertise demonstrates Innovation Groups ability to establish long term partnerships with the world's largest carriers. This contract embeds Innovation Symbility as the dominant UK market solution and combined with the exciting developments that are being delivered in 2013 and the traction we have already established in our European markets creates an exciting position for our property footprint"

Enquiries:

About The Innovation Group plc:

Innovation Group (LSE: TIG) is a global provider of insurance software solutions and business process services. With revenues of £193m (US$ 302m) in 2012, it employs over 2,400 people across North America, Europe, Asia Pacific and South Africa and works with 15 of the top 20 global insurance markets, 16 of the top 20 global insurance companies and 3 of the world's top 5 fleet and lease management companies.

www.innovation-group.com