HSBC Contract Renewal

red24 plc ("red24" or "the Group")

Renewal of HSBC Contract

red24 is pleased to announce that it has reached agreement with HSBC to renew its contract for a further three year period, effective immediately. HSBC provides red24 services as part of its HSBC Premier, HSBC Advance and HSBC Passport services and has also recently added red24 to the First directory account within first direct.

Simon Richards, Chairman, commented:

"We are delighted with the continued success of our relationship with HSBC and remain committed to adding value to its customers. This means that we have now secured our two main distribution partners for the foreseeable future, which provides an excellent platform for continued growth."

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