Re Contract

RNS Number:3596C
ITIS Holdings PLC
11 October 2002

                                                               11th October 2002


                       ITIS HOLDINGS ANNOUNCES NEW FIVE YEAR
                           CONTRACT WITH AA ROADWATCH


ITIS Holdings plc (ITIS) today announces a new five year contract with
Automobile Association Developments Limited, part of Automobile Association
Limited (AA), to exclusively operate existing commercial information services
under the AA Roadwatch brand and exploit new opportunities for selling and
marketing traffic information.


This commercially important development, should be of substantially greater
value to ITIS than the three year agreement signed between the parties on May
24th which is now superceded by the new contract.


ITIS gains exclusive access to AA Roadwatch information for use in telematics
and telephone services and will take over related AA Roadwatch contracts and the
corporate data sales customer base.  These include short dial traffic
information services which are provided to cellular network operators.


ITIS will be able to build upon its new ownership of these telephone based
traffic information services, by expanding its business into this important
growth area of telematics.  ITIS will also supply floating vehicle data to AA
Roadwatch to add to the information in their radio and television traffic and
travel bulletins.


The new contract provides ITIS with a secure, long-term revenue stream, which
will significantly enhance Group revenues with immediate effect.  The nature of
the transaction is such that following initial set up costs the contract will
have a positive impact on ITIS' cash flow.  ITIS' cash balances stood at #17.1m
as at 31st March 2002.


The AA will continue to research and collate comprehensive information on
traffic and travel across the UK, supplying this direct to radio and television
audiences and through its website, www.theAA.com.


Key highlights of the new contract are:

  * ITIS and the AA have signed a 5 year agreement;

  * ITIS will operate AA Roadwatch's existing telephone-based traffic
    information services as well as corporate Roadwatch data sales outside of
    the broadcast media. In addition, ITIS will develop new services using the
    AA Roadwatch brand. ITIS has exclusive rights to the AA Roadwatch
    information in these markets;

  * ITIS will acquire the AA's technology for the delivery of automated
    telephone traffic information services to AA members and other mobile
    network subscribers.;

  * From November 24th, ITIS will combine its Floating Vehicle Data (FVD) with
    information collected at the AA's Roadwatch traffic centers as previously
    planned;

  * ITIS will be entitled to collect FVD from the AA's fleet of 3,600 patrol
    vehicles;

  * ITIS will provide its RDS TMC dynamic traffic information service to all
    AA patrol vehicles;

  * The AA has agreed to evaluate the opportunities to market NavTrak, ITIS'
    stolen vehicle tracking system, potentially opening up a considerable
    marketing and distribution network;

*   The AA will continue to research and collect comprehensive traffic and
    travel information across the UK;

*   The AA will continue to provide traffic information and bulletins
    across a wide range of radio and television stations and on its website.


Roger Wood, Managing Director of the AA says: "AA Roadwatch is a leading traffic
and travel information service in the UK.  The AA has chosen ITIS to support the
AA Roadwatch service and will continue to promote and develop AA Roadwatch using
the best of both companies' capabilities."


Stuart Marks, Chief Executive Officer of ITIS says: "This new deal is a
significant development for the company, both in terms of the impact on
revenues, and for our access to the consumer traffic information market under AA
Roadwatch, the UK's most trusted traffic information brand.


"This long term arrangement will enable us to develop new services with the
confidence that we will have extensive distribution for them.  Importantly it
will also enhance revenues immediately and following initial set up costs the
transaction will have a positive impact on cash flow."

                                     -end-

Contact:

AA Press Office on 01256 493029

Stuart Marks - ITIS Chief Executive on 0161 929 5788

Ginny Pulbrook - Citigate Dewe Rogerson on 0207 282 2945


NOTES TO EDITORS

The AA is the UK's largest motoring organisation with over 12 million members.
Its patrol force of 3,600 patrols attends approximately 4.2 million breakdowns a
year, but the AA's support for its members and customers stretches far beyond
the range of breakdown services. It represents the views and interests of all
road users, working with the Government, police and road safety organisations,
and established the AA Foundation for Road Safety Research in 1996. It is a
major provider of motor and home insurance and financial services, is the UK's
largest travel publisher, and runs the second-largest driving school in the UK -
the only one to use fully-qualified instructors.


AA Roadwatch is a leading provider of traffic and travel news in the UK and
collates traffic information from the widest range of sources including police
control rooms, local authorities, CCTV cameras, dedicated motorcyclists, the
AA's patrol force and jambuster callers. The AA's web-site, www.theAA.com, has
become the most popular motoring web-site in the UK. The AA was acquired by
Centrica in 1999.


ITIS Holdings plc, listed on Aim, is the UK's leading full-service telematics
company providing content and services to vehicle manufacturers as well as
directly to its own customers.


ITIS has developed and operates a unique system to collect and analyse traffic
information using a combination of journalistic and Floating Vehicle Data (FVD),
to provide journey time forecasts as well as real-time traffic updates.


This content is delivered over a number of platforms including RDS-TMC, Digital
Radio, IVR and directly to its own consumer telematics system, NavTrak.


Through its NavTrak business (www.navtrak.com), ITIS has built the UK's largest
consumer telematics brand for which it has developed a range of unique and
innovative stolen vehicle tracking and location based driver services delivered
via GPS/GSM technology.


For further information please visit our website at www.itisholdings.com or
www.navtrak.com.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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