Contract award

Inspace Plc
01 September 2005


Press Release                                                   1 September 2005


                                  Inspace plc

                          ('Inspace' or 'the Company')

                                 Contract Award


Inspace plc (AIM:INSP), the property based support services business that has
established itself as one of the UK's leading social housing repair and
maintenance providers, is pleased to announce a new contract award from the
London Borough of Hammersmith and Fulham.  The award is expected to be worth
around £80 million over the full 10 year period.  The Group's order book now
exceeds £450 million, extending as far as 2020.



Inspace will provide the London Borough of Hammersmith and Fulham with
responsive repairs and maintenance services to 6,000 properties in the south of
the borough and assume responsibility for managing void properties across the
council's entire portfolio of 13,000 units.

                                    - Ends -


For further information:
Inspace plc
Colin Enticknap, Executive Chairman                   Tel: [phone]
[e-mail]                             www.inspace.co.uk


Seymour Pierce
Mark Percy, Corporate Finance                         Tel: [phone]
[e-mail]                           www.seymourpierce.com



Media enquiries:
Abchurch
Henry Harrison-Topham                                 Tel: [phone]
[e-mail]                           www.abchurch-group.com



Notes to editors



Inspace plc is a property based support services business that has established
itself as one of the UK's leading social housing repair and maintenance service
providers with a turnover of over £100 million and a current order book which
now exceeds £450 million and stretches as far as 2020.



The Company has three complementary areas of activity delivered through four
business streams under the Inspace brand:



Partnerships provides repair, maintenance and improvement of social housing
stock which includes maintenance of building fabric, maintenance of engineering
services reinstatement of void homes, minor capital projects and Decent Homes
improvement works under regeneration schemes.



Maintain and Environment provides repair, maintenance and improvement of
corporate and public sector non-housing real estate. Maintain is one of the UK's
largest fabric maintenance businesses delivering an integrated 24/7 reactive
service and planned maintenance & minor capital works with a national
infrastructure across England, Scotland and Wales. Environment performs
mechanical and electrical maintenance.



Complete provides interior design, installation and furnishing of corporate and
public sector non-housing real estate.  The design led service offers its
customers an integrated 'one stop' solution.  There are natural synergies with
Maintain and Environment's customer base.



Industry forecasts show a steady social housing repair and maintenance market
over the next 15 years, running at around £4 billion per annum. These forecasts
illustrate the constant need for repairing and improving housing stock. The
private non-residential repair and maintenance market was indicated to be worth
approximately £14 billion in 2004, representing approximately 32.1 per cent. of
the total UK repair and maintenance market.



Further information on Inspace can be found at http://www.inspace.co.uk






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