Re NMT & Premier

NMT Group PLC 26 September 2000 NMT GROUP PLC AWARDED FIRST COMMERCIAL CONTRACT FROM PREMIER INC. NMT Group PLC ('NMT'), the manufacturer of retractable devices to prevent needlestick injury, announces that its subsidiary, New Medical Technology, Inc., has been awarded its first commercial contract from Premier Purchasing Partners, L.P., ('Premier'), the largest group purchasing organisation (GPO) in the US. The two-year contract follows a fifteen-month evaluation of NMT's 3cc safety syringe, which allowed both designated and interested member hospitals the opportunity to evaluate the products in their own care units. The product has been chosen along with two other safety products from Retractable Technologies, Inc. and Safety Medical Supply International. The three new suppliers of safety products were evaluated against the yardsticks of meeting an unmet need, delivering a full value benefit and providing opportunity for improvement. Becton Dickinson previously enjoyed a sole-source contract for needles and syringes with Premier and remain a supplier on the new multi- source contract. The potential value of the total contract for all four companies could be in excess of $100 million over the duration of the agreement. Premier serves approximately 1,900 hospitals and healthcare systems across the country. The agreement puts New Medical Technology on the approved list of suppliers to Premiers' members, affiliated hospitals and healthcare facilities in the US. Roy Smith, Chief Executive Officer of NMT, said: 'The award of this commercial should deliver significant revenues to the Group and represents the achievement of one of the first key milestones we outlined in our new business plan earlier this year.' Enquiries: NMT Group PLC Today: 0207 831 3113 Roy Smith, Chief Executive Officer Thereafter:01506 445000 Tony Fletcher, Chief Operating Officer, Finance Director Financial Dynamics Tel: 020 7831 3113 Sophie Pender-Cudlip
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