Financial close for Camden BSF

22 December 2010

RM confirmed as ICT provider for Camden BSF programme

RM, the international education company, confirms that it has reached financial close on a £6.1m contract to provide ICT products and services for the London Borough of Camden's Building Schools for the Future (BSF) programme. RM will provide the services as part of the BAM consortium, which has been appointed to deliver Camden's BSF programme. RM previously announced on 12 May 2010 that it was to be appointed preferred bidder for the contract.

Camden's BSF programme will renew three schools. RM will provide an innovative managed ICT service including Community Connect 4 networking, VOIP telephony, classroom & student computer systems, software, and day-to-day support & management. In addition, RM will provide a continuing professional development programme for school staff. Construction of the new schools will start this month, with the first school opening in June 2012.

Terry Sweeney, Chief Executive of RM, said:

"We are pleased to have reached the financial close stage on this exciting project. Working with our partners at BAM, and with educators in Camden, we're looking to create exciting learning environments, which help engage and motivate pupils in the Borough."

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Notes:

1. The RM Group is a leading provider of educational solutions that help teachers to teach and learners to learn. RM works closely with educationalists to create new products, processes and technology which improve education. RM is listed on the main market of the London Stock Exchange under the symbol RM.L, ISIN GB0002870417. Further details are available at www.rm.com/investors and through the Group's investor blog at rminvestors.wordpress.com

2. BAM PPP invests in and manages public private partnership projects on behalf of Royal BAM Group. The BAM consortium is led by BAM PPP and includes BAM Construction, BAM Facilities Management and RM Education.

3. RM announced on 12 May 2010 that it was to be appointed preferred bidder for the ICT managed service element of the London Borough of Camden's Building Schools for the Future (BSF) programme. Since then, the Department for Education has announced a review of the BSF initiative, in which the Camden programme was scaled back to include only three 'sample' schools.