Contract Renewals

18 December 2012

Redstone plc

 ("Redstone" or "the Company")

Contract Renewals

Redstone plc (AIM:RED.L), a leading provider of network based end to end managed services, technology and infrastructure solutions, announces a number of significant contract renewals of annuity based contracts, valued at approximately £1.5m in total.

Renewal of managed WAN for retail chain

Redstone has been awarded an extension of its existing managed WAN deal with a leading UK retail chain. The mission-critical connectivity will primarily cover the chain's high street presence with revenue of approximately £660,000 over the course of the contract.

Oracle managed service contract renewal

An English non-departmental public body has renewed its Oracle e-Business application and technical systems managed support contract. The deal is worth £352k over the course of the two year contract renewal.

Application managed service contract renewal

A major manufacturing company has renewed its 3 year managed services contract with Redstone with a total contract value of £480k.

Fraser Fisher, Managing Director Redstone Group Operations, commented "I am pleased to announce three significant contract renewals. This is a strong validation of our high quality service offering and the value our customers place on our service expertise. Furthermore, these contracts demonstrate our sales momentum and the growing annuity revenue base of the Company."

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