Re Contract

ITIS Holdings PLC
23 January 2002



23rd January 2002



                               ITIS HOLDINGS plc

   WINS CONTRACT FROM ONE OF THE WORLD'S LEADING VEHICLE RENTAL ORGANISATIONS

'ITIS Holdings plc ('ITIS') the AIM listed telematics company today announced a
contract to provide vehicle tracking and security services to one of the worlds
largest car rental companies (' the Company').

Details of the Company are confidential because the Contract which will make a
net contribution, is based around vehicle security services. The contract is
initially for 200 vehicles split across five European countries and involves the
installation of NavTrak units. Subject to the success of this scheme, the
Company has stated its intention to fit NavTrak units in its fleet of premium
vehicles, of which there are several thousand. ITIS is also in discussion with
the Company to provide other telematics services.

ITIS' Chief Executive Stuart Marks said 'The vehicle rental market is one of the
most difficult to crack but the potential opportunities are enormous, once
relationships are established. The contract is an important milestone for ITIS,
demonstrating the company's ability to market its services internationally and
is further evidence of the strength of its technology'.

He also commented 'Since the Interim Results were announced on November
21st,2001, ITIS continues to make good progress amongst the uncertainties of the
financial markets. For example, the RDS TMC service is now live with Toyota
customers and we are working very closely with other car manufacturers to
integrate the service to their satellite navigation systems. Cost and overhead
control are a priority and we have been successful in substantially reducing
these whilst maintaining the development of key projects'.

                                    - ends -
Enquiries:      Stuart Mark
                Chief Executive
                ITIS Holdings plc
                Telephone: [phone]
                Ginny Pulbrook/Charles Vivian
                Citigate Dewe Rogerson
                Telephone: [phone] 7282 2808

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