Contract Award in West Africa

Westminster Group PLC 22 April 2008 22nd April 2008 Westminster Group Plc: New contract Award Integrated Bank Security Systems - West Africa Westminster Group plc ('Westminster' or 'the Group'), the AIM listed supplier of system solutions and products to the security, defence, fire protection and safety markets worldwide, announces that it has been awarded a further contract with Ecobank, a leading independent West African Banking Group, with an initial value of circa USD90,000. Ecobank serves wholesale and retail customers from its network of over 350 branches across 18 countries throughout West and Central Africa. Westminster conducted a pilot installation for Ecobank in 2007 with a view to testing its integrated security solutions for roll out throughout the branch network. As a result of the successful pilot, Westminster has already installed systems in seven Ecobank branches within Ghana. The latest contract is for two additional branches in Accra, Ghana. This contract involves the installation of high security, fully integrated security systems at each branch including CCTV surveillance, bespoke ATM monitoring equipment, access control and intruder alarm systems. The branch systems have the capability of automatically reporting to Ecobank's Head Office to allow remote Control & Command, interrogation and monitoring of each individual branch. It is Ecobank's intention that Westminster will install similar security protection throughout its entire branch network. A further 6 branches have already been surveyed and are currently under consideration. Commenting on the latest contract award, Peter Fowler, Chief Executive of Westminster Group, said: 'I am very pleased to announce this latest contract award especially as this is repeat business from an important client. It further demonstrates our ability to build long-term relationships and provide high quality services to emerging and third world economies. 'We see great opportunities for Westminster in the African, Asian and Middle Eastern markets. Our strategy of providing consultancy advice and technical support at a local level through our international agency network will, we believe, enable us to generate significant additional revenues from these regions. In this particular case, the potential to supply the system to Ecobank's entire 350 branch network, including ongoing maintenance and technical support, would substantially boost our recurring revenues.' Enquiries: Peter Fowler 01295 756 300 Chief Executive - Westminster Group Plc Clive Carver 020 7600 1658 FinnCap Tom Cooper/Paul Vann 0117 920 0092 Winningtons Financial Notes: Westminster Group plc is a leader in the supply of system solutions and products to the security, defence, fire protection and safety markets worldwide. Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions. These can range from product only assignments, such as the supply of specialised scanners, to the design and implementation of an integrated system solution such as a border detection and surveillance system. The majority of its customer base, by value, comprises governments and government agencies, non governmental organisations and blue chip commercial organisations. This information is provided by RNS The company news service from the London Stock Exchange
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