Contract Renewal

RNS REACH

11 July 2013

The Innovation Group plc

('Innovation Group' or the 'Group')

Contract Renewal

The Innovation Group plc (LSE: TIG.L), a global provider of business process services and software solutions to the insurance, fleet, automotive and property industries, is pleased to announce the renewal of a contract with one of the UK's largest mutual insurers for a further three years.

The contract is valued at £4.5m over the three year period and will see the Innovation Group host some of the insurer's non-mainframe servers and third party hardware from its highly available and highly resilient UK based hosting facilities.

Andy Roberts, Chief Executive Officer of Innovation Group, commented:

"We are delighted by this contract renewal with one of the UK's largest mutual insurers. This is confirmation that we continue to provide industry leading solutions and services that the insurer needs in order to meet the high demands of its policyholders, streamline its supply chain and increase efficiency. This ultimately helps reduce costs and facilitate the company's overall growth. We look forward to continuing to deliver the best solutions that our clients' are looking for.

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