Significant order from global financial group

Leading global financial services company

awards contract for re-engineered eg operational intelligence®

eg solutions plc ('eg' or 'the Company'; LSE-AIM: EGS), the back office optimisation software company, is pleased to announce that it has been awarded a significant contract to provide its re-engineered eg operational intelligence® software suite and implementation services to a global financial services company.

The contract, initially covering 3,250 users in Europe and India, has been awarded by the client as part of its drive towards cost efficiencies within its Consumer and Corporate Banking divisions.

Implementation will start in April and be completed by August 2012. It will take place in two tranches: 1,750 direct employees in Europe and a parallel pilot project within business process outsourcing operations in India covering a further 1,500 third party staff. Completion of both programmes is expected by August 2012 with revenue being recognised in the current financial year.

The client has also appointed eg as its preferred supplier for back office workforce optimisation software and has entered into a global master agreement. Subject to successful completion of the initial contract, software licence deployment will continue across the company with a minimum of 30,000 licences anticipated across the enterprise. Services to deploy these licences will be contracted separately through this framework agreement.

Elizabeth Gooch, Chief Executive Officer, commented:

"This new contract win is the most significant in our history. It demonstrates the strong demand we are experiencing for the re-engineered eg operational intelligence® product suite, as well as the confidence global companies place in our solutions to meet their back office workforce optimisation requirements. This contract win underpins our confidence in our financial prospects for the current year and beyond."

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About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market ('AIM') of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.