Pre-close Statement

Inspace Plc 31 January 2006 Press Release 31 January 2006 Inspace plc ('Inspace' or 'the Company') Pre-close statement Inspace plc (AIM: INSP), the property based support services business that has established itself as one of the UK's leading repair and maintenance service providers, will announce its results for the year ended 31 December 2005 on Tuesday 4 April 2006. An analyst briefing will be held at 09:30 that same morning at the London Stock Exchange, 10 Paternoster Square, London EC4M 7LS. The Directors are pleased to confirm that the overall trading position is in line with market expectations. The three new social housing maintenance contracts announced in the interim statement in September, expected to contribute, in aggregate, approximately £160 million of revenues during their lifetime, have been successfully mobilised. In the meantime, the social housing sales pipeline has continued to grow, with a healthy level of opportunities being nurtured at the tracking, prequalification and tender stages. Good progress has also been achieved in relation to the realignment strategy for the Company's non-housing activities, aimed at improving operational efficiencies and at reducing dependence upon private sector customers who traditionally offer lower levels of order book visibility. All non-housing maintenance has now been streamlined within one operating business offering an integrated one-stop-shop service, and the majority of Inspace's non-housing sales pipeline, which has grown strongly, now reflects public sector opportunities. The Directors are very satisfied with the progress achieved during the first year on AIM and are confident that a good platform has been established for future growth. - Ends - For further information: Inspace plc Colin Enticknap, Executive Chairman Tel: +44 (0) 1462 678 910 colin.enticknap@inspace.co.uk www.inspace.co.uk Seymour Pierce Mark Percy, Corporate Finance Tel: +44 (0) 20 7107 8000 markpercy@seymourpierce.com www.seymourpierce.com Media enquiries: Abchurch Henry Harrison-Topham Tel: +44 (0) 20 7398 7700 henry.ht@abchurch-group.com 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: 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 provides repair, maintenance and improvement of public and corporate 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. Maintain also offers mechanical and electrical maintenance capable of stand alone or integrated service delivery to suit customer requirements. 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'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 www.inspace.co.uk This information is provided by RNS The company news service from the London Stock Exchange
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