Major Subcontract with Thales

1 March 2010

Intercede Group plc

("Intercede" or the "Company")

Major Subcontract with Thales

Intercede announces that it has signed a new subcontract with Thales UK for the supply of software licenses, professional services and recurring support and maintenance fees relating to the production deployment of a major UK government project. 

Revenues associated with this project (including amounts invoiced prior to signing the sub-contract) are expected to exceed £0.5m in the current financial year. There is the potential for additional revenues during future periods.

About IntercedeIntercede is the producer of the MyID® Identity and Credential Management System (IDCMS). Intercede's MyID is the only IDCMS software product that enables organizations to easily and securely manage the identities of people and their associated identity credentials within a single, integrated, workflow driven platform. This includes enabling and managing: secure registration, biometric capture, application vetting and approval through to smart card personalisation, issuance and management.

Intercede's MyID is being used around the world by large corporations, governments and banks to manage millions of identities for employees, citizens and customers. Notable deployments in the US include 10 Federal Agencies, a program with Lockheed Martin and two major US financial institutions. In Europe and the Middle East, Intercede's MyID is being deployed in support of government identity, health and corporate employee ID security projects.

For more information visit http://www.intercede.com

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ENQUIRIES

Intercede Group plc Richard Parris, Chairman & Chief Executive Andrew Walker, Finance Director Tel. +44 (0)1455 558111

FinnCap Clive Carver, Corporate Finance Joanna Weaving / Tom Jenkins, Corporate Broking

Tel. +44 (0)20 7600 1658

Pelham Bell Pottinger Archie Berens Tel. +44 (0)20 7337 1509