New contract signed

PRESS RELEASE

TrainFX secures major Contract

TrainFX, acting as a subcontractor, has been awarded a contract for the provision of their real-time passenger information system for the Eversholt Rail Group owned/Southern operated Class 313 (EMU) fleet.

The Derby-based Rail Technology Company will be responsible for system design and supply of the TrainFX Passenger Information, Communication and Security system (PICS) - Passenger Information (pi) module, for 19 x 3-car Class 313 EMU's.

The Product will be delivered as part of a major refurbishment project which is being undertaken on behalf of Southern Rail.

TrainFX Managing Director Phil Campbell said: "This is another important Contract success for TrainFX in the UK and one which allows us to further demonstrate our new advanced passenger information system and to work with one of the UK's leading train refurbishment Company's".

"Having made significant investment in the development of our portfolio of technologies (over the past 5 years), we are delighted to see the rewards for that investment, through another Contract award in the UK".

Tim Baldwin, Chairman of RAM, commented "This second major contract for a passenger information system demonstrates the confidence that the rail industry has in our leading edge technology. As previously reported, the scale of works by contract value required to either upgrade or new supply passenger information and security on trains is very large, particularly in the context of our market value. There are few suppliers in this space and the company has a substantive pipeline of tendered contracts. We expect further significant contracts to be forthcoming in 2010 and onwards in both the UK and overseas and as such we are very confident of the outlook for the company.

Ends

Contact:

For further information please call:

Tim Baldwin RAM investment Group Plc 0207 518 4303

Sandy Jamieson Libertas Capital Corporate Finance Limited 0207 569 9650

Thilo Hoffmann

Peter Greensmith Rivington Street Corporate Finance Limited 0207 565 3350

Jon Levinson

Media: for further information contact Phil Campbell, Managing Director - TrainFX on 01332 366175.

Notes to Editors

About TrainFX

UK based TrainFX is a privately owned company which was formed in early 2005. TrainFX is a specialist rail technology company focused on the design and development of leading edge train-borne technology solutions incorporating passenger information and entertainment, communications, security and operational applications. (www.TrainFX.com)

PICS is a new generation in Train-borne systems providing the TrainFX proprietary communications network which allows TrainFX to offer our clients the benefits from connectivity while on the move.

PICS is a ruggedized network backbone offering location aware, real time and near real time communications, providing unprecedented access to both the delivery of information and to passengers and the gathering of data, all available through our portfolio of PICS modules.

They PICS system has been engineered for both the new build and retrofit rail markets and incorporates passenger information, communication, security, data transfer modules

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