Contract Wins

10 December 2012

Redstone plc

 ("Redstone" or "the Company")

Contract Wins

Redstone plc (AIM:RED.L), a leading provider of network based end to end managed services, technology and infrastructure solutions, is pleased to announce two significant annuity based contracts, valued at over £2m in total.

Three year managed WAN deal for services company

Redstone has secured a new business contract to provide a managed WAN for a services company. Delivered over Redstone's 10Gb MPLS core, the deal for over 70 sites is worth approximately £1.8m over the course of three years.

Managed service contract renewal

A UK provider of mobile and broadband services has renewed its contract with Redstone for managed security support services. The contract is valued at £257k.

Fraser Fisher, Managing Director Redstone Group Operations, commented "I am delighted to announce a pair of managed service contracts, one new business and the other a key renewal, which are testimony to the compelling high quality service offering delivered by our teams and the customer satisfaction achieved. These contract wins demonstrate the breadth and depth of Redstone's service expertise and a growing annuity revenue base."