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Capita Group PLC (CPI)

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Tuesday 04 November, 2008

Capita Group PLC

Re Contract


4 November 2008

 CAPITA SELECTED BY DEUTSCHE BANK TO ADMINISTER ABBEY LIFE ASSURANCE LIFE AND  
                               PENSIONS POLICIES                               

The Capita Group Plc ("Capita") announces that it has been selected by Abbey
Life Assurance Company Limited ("Abbey Life") and Deutsche Bank AG ("Deutsche
Bank") to provide administrative services for approximately 1.1 million life
and pensions policies. Abbey Life was acquired by Deutsche Bank in October
2007, from Lloyds TSB.

The deal, which is subject to final agreement of commercial terms, is worth £
130 million over 10 years and will involve the transfer of approximately 300
Bournemouth-based staff to Capita under TUPE. Capita will deliver a business
transformation programme to provide Abbey Life with a robust and modern
technology platform, along with ongoing improvements in cost-effective service
delivery. The service is expected to start in January 2009.

Paul Pindar, Chief Executive of the Capita Group Plc, commented: "We are
delighted to have been selected to administer Abbey Life's life and pensions
policies. The contract will draw upon Capita's extensive expertise in life and
pensions administration and reflects the very high standards Abbey Life sets
for the management of its policies. We look forward to welcoming all staff who
transfer to Capita."

Neil Tointon, Director and Chief Operating Officer at Abbey Life, said: "Capita
was chosen because we believe that it can best deliver a transformation
programme designed to maintain - and increase - the quality and dependability
of our services to customers. Capita has experience with the particular needs
of regulated financial products providers and we believe that they can play an
effective, strategic partnership role to support our ambitions in the life and
pensions market. We look forward to working with them."

                                                                     

For further information:

The Capita Group Plc
Tel: 020 7799 1525
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director

Media enquiries
Capita press office
Caroline Mooney
Tel: 0207 654 2152/0870 2400 488 (out of hours)

The Capita Group Plc is the UK's leading provider of integrated professional
support service solutions.  The Group's service capabilities encompass customer
services, financial services, human resource services, software services,
systems and strategic support and property services delivered to both public
sector and private organisations.  With over 32,000 employees at more than 300
offices across the UK, Ireland and India, Capita is quoted on the London Stock
Exchange (CPI.L), and is a constituent of the FTSE100 with revenues for 2007 of
£2,073 million.

Further information on The Capita Group Plc can be found at: http://
www.capita.co.uk

Capita Life and Pensions provides core administrative support to a number of UK
and overseas life and pensions companies, including MetLife, the Children's
Mutual, Lincoln Financial Group, Prudential UK and Prudential International,
Pearl and Zurich Financial Services. Including the Deutsche Bank strategic
partnership, Capita Life & Pensions will be responsible for administering 23
million policies.


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