New B2B contract with Lex Autolease

04/1/2016

AA plc (the "Company")

4th January 2016

AA plc

 AA plc announces new B2B contract with Lex Autolease

· Lex Autolease has 307,000 vehicles on the road, including those on financial leases

· Accounts for around 20% of vehicles in the Fleet News 50 listing of the UK's fleet and leasing companies and around 10% of the total UK fleet parc

· 3 year contract commencing in January 2016

· Round the clock customer care in the UK and Europe

The AA plc, the UK's largest breakdown service, has signed a major new B2B partnership contract to provide roadside assistance to Lex Autolease, the UK's leading fleet management and fleet funding specialist.

The new three year contract will support Lex Autolease's services which it provides to around 300,000 vehicles, as the UK's largest fleet and leasing manager, and will commence in January 2016.

Service in the UK will be provided by the AA's 3,000 plus patrols and includes roadside assistance, recovery, incident management and European cover. 

Bob Mackenzie, AA Executive Chairman, says: "Lex Autolease is the market leader in fleet management and is a fleet funding specialist, offering vehicle leasing for fleets of all sizes, and it is our job to help keep it that way. We are delighted to be providing its valued customers with year round peace of mind at the roadside. We have invested and continue to invest heavily in our business to provide state of the art dedicated operational support in the UK".

Tim Porter, Lex Autolease Managing Director, added: "We're delighted to be entering into to this agreement with the AA. Roadside assistance is naturally a crucial part of our overall mobility offering, and this contract means we will continue to provide our customers with an excellent level of support when they need it most."

The Lex Autolease contract win will add to the AA's B2B business which serves approximately ten million customers in total. Aside from fleet, leasing and hire companies, the B2B business covers three other categories.

One is an important relationship with Lex Autolease's parent company Lloyds Banking Group to offer breakdown cover to added value account holders across the bank's brands, including Lloyds, Halifax and Bank of Scotland. In addition, the AA also serves automotive manufacturers representing close to 70% of the UK's new car sales market, and also provides breakdown cover to insurance companies who offer the service in addition to the core insurance offer to customers.

For further information please contact:

AA Investor Relations

Jill Sherratt +44 (0) 2073957301

James Curran +44 (0) 2073957301

Media

Headland

Howard Lee +44 (0) 3805 4822

Francesca Tuckett +44 (0) 3805 4822