Re Contract

Synstar PLC 5 March 2002 Synstar Plc 5 March 2002 Synstar Plc ('Synstar') Synstar announces 5-year deal with ICL and good recovery of French operation Synstar Plc today announces that it has signed a five-year deal with ICL, one of the leading IT solutions companies in Europe, Middle East and Africa. ICL has appointed Synstar to provide selective sub-contract services to its UK customer base. Revenues from this deal will increase as the contract matures, and is set to make ICL one of Synstar's top 10 customers within a year. Synstar has also decided to withdraw its complaint to the Office of Fair Trading against ICL made in 1997 in respect of non-competitive practices. Both parties have now agreed to no longer pursue this action. Synstar also announces new contract wins in France, which include a £900,000 deal with NCR to provide hardware maintenance services, a network contract with Sony, project work with Sanofi, an existing customer and a services and maintenance contract with Antargaz. The combined value of these deals is approximately £2,000,000 per annum. Steve Vaughan, Synstar CEO commented: 'We are delighted to have turned around our relationship with ICL from one of litigation into what promises to be a strong partnership. The new deals signed in France underpin our plan to return this operation to profit. These deals are further examples of the good progress we are continuing to make with our recovery strategy.' For further information: Synstar Plc Christine Jones 01344 662744 GCI Financial Roger Leboff / Geoff Callow 020 7072 4200 This information is provided by RNS The company news service from the London Stock Exchange
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