1 March 2011
CAPITA IN DETAILED DISCUSSIONS TO EXPAND ITS BUSINESS PARTNERSHIP WITH ZURICH
The Capita Group Plc ('Capita') announces that it is in discussions with Zurich
Financial Services Group (`Zurich') regarding a potential extension of the term
of Capita's existing contract to administer some of the processes for Zurich's
UK operations, and the expansion of its scope to support some of Zurich Global
Life's administration hubs in Europe and the Middle East.
A comprehensive assessment of the proposal and scope of operations for
inclusion in any arrangement will be undertaken over the coming months.
Any resultant arrangement would be subject to contract agreement and regulatory
approvals. There is no assurance that an agreement will be reached, and a
further announcement will be made if and when appropriate.
-ends-
For further information:
The Capita Group Plc
Tel: 020 7799 1525
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Capita press office
Caroline Mooney
Tel: 0207 654 2152 or 020 7654 2399 (out of hours)
The Capita Group Plc is the UK's leading provider of BPO and integrated
professional support service solutions. With 36,000 people at more than 300
sites, including 59 business centres across the UK, Ireland, the Channel
Islands and India, the Group uses its expertise, infrastructure and scale
benefits to transform its clients' services, driving down costs and adding
value. Capita is quoted on the London Stock Exchange (CPI.L), and is a
constituent of the FTSE100 with revenues for 2010 of £2,744 million. Further
information on The Capita Group Plc can be found at: http://www.capita.co.uk
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