Contract Wins

23 January 2018

Castleton Technology PLC

("Castleton", the "Company" or the "Group")

Contract Wins

Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, is pleased to announce that it has secured two multi-year contracts, with a combined total contract value of £1.2 million.

The first is a ten year contract with Circle VHA, Ireland, ("Circle"), a provider of social housing. The contract is on a hosted basis for Castleton's integrated product suite, including the housing and finance system, electronic data records management system, financial modelling system, reporting system and Agile system.

The second contract is a renewal for Places for People, one of the largest property and leisure management, development and regeneration companies in the UK, which has more than 180,000 properties under ownership or management. Places for People has extended its contract for Castleton's Maintain solution by two and a half years, with the option to extend it for a further twelve months. The contract's scope includes repairs management software, technical services, cloud services and integration middleware that enables Places for People to process orders for work directly from third-party property management systems.

Commenting on the new contracts, Dean Dickinson, Chief Executive of Castleton, said:

"We are delighted that Circle has chosen Castleton as its provider of an integrated system. This reinforces our position as not only a 'one stop shop' that serves the social housing sector, but also highlights the breadth of our offering and our ability to deliver a fully hosted solution.

"The ongoing partnership with Places for People is a testament to our ability to evolve our solutions alongside the demands of our customers and continually support their business objectives by providing the functionality and reliability they require.

"These contracts demonstrate our ability to cross sell and upsell the product suite and we remain confident of increasing the number of customers who continue to take multiple products."

Commenting on the contract with Places for People, Steve Mather, Property Services Director of Places for People said:

"Our operation continues to grow as we take on delivery of an increased range of services both for companies within the Places for People group and external clients. This requires resilient and high quality systems that can meet the needs of our business both now and in the future. Our strategic partnering arrangement with Castleton is key to the successful expansion of our operation and the continued delivery of services to our customers."

About Castleton Technology plc

Castleton Technology plc is a leading supplier of complementary software and managed services to the public and not-for-profit sectors. The Group is a 'one stop shop', providing integrated housing systems via the Cloud, working in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. www.castletonplc.com