Contract Renewals

red24 plc

("red24" or the "Company"; AIM:REDT)

Contract Renewals

red24, an international provider of assistance and risk management services, is pleased to announce that it has added further visibility over its revenue base in securing renewed three-year contracts with two leading north American underwriters to provide crisis management services on a retained basis, particularly, product recall services. The contracts are worth in aggregate $996,000 per annum.

These contract renewals, in addition to a recently announced contract win, continue to maintain and develop red24's business within the insurance industry. red24 products are included with Accident and Health, Business Travel, K&R, Product Recall and Cyber Crime insurance policies provided by a wide range of insurers.

Separately, one of the world's largest multiline property and casualty insurers have announced a continuation of their contract with red24assist, the Company's division providing food-related risk and crisis management services with food, for a further year.

About red24:

red24 is a provider of a range of assistance services, offering risk management in a number of fields, including preventative and reactive advice to help individuals and organisations to avoid and manage security risks to themselves and their dependents. The services are supplied to leading international financial service companies.