Re Contract

ITIS Holdings PLC 05 March 2007 UPDATE ON MISSOURI CONTRACT On 6th December 2005, the Company announced that an agreed form contract with the Missouri Department of Transportation ('MODOT') had been approved by the Missouri Highways and Transportation Commission. However, as previously highlighted, due to circumstances beyond ITIS' control, this project remained undelivered throughout 2006. During this time both ITIS and its US partner, Delcan, remained in contract with MODOT whilst seeking, with its involvement, a solution. The Company is therefore pleased to announce today that having secured certain data supply agreements it now anticipates delivering real time traffic information during the first half of the 2007/2008 financial year. The scope of this strategically important project remains unchanged but as originally indicated the financial contribution is expected to be modest. Commenting, Stuart Marks, CEO of ITIS, said: 'We are very pleased that we can now focus on the delivery of the MODOT contract and we believe that supplying our real time traffic information in Missouri will act as an excellent reference site for ITIS in the US.' - Ends - Contact: Stuart Marks, Chief Executive, ITIS Holdings plc - 0161 929 5788 Ginny Pulbrook, Citigate Dewe Rogerson - 0207 638 9571 Note to Editors • ITIS Holdings plc, listed on AIM, is the UK's leading provider of traffic information and vehicle security services. ITIS has invested in the development of a unique system for the collection and analysis of traffic information, it combines journalistic information with ITIS' historic and real-time Floating Vehicle Data (FVD) to provide journey time forecasts and real-time updates. ITIS now operates the largest commercial application of FVD anywhere in the world, and delivers the content over a variety of platforms including RDS-TMC (Alert C), digital radio and automated telephone services (IVR). • ITIS traffic information is collated from a combination of journalistic and real-time sources using its own FVD network. The data is then transmitted directly to the TMC receiver using a carrier of the Classic FM radio network, which provides coverage of 90% of the strategic road network. • ITIS provide traffic data to all mobile phone providers. To receive up-to-date traffic and travel information direct from your mobile 'phone call 64644 from any network; 2222 from Vodafone; 2020 from T-mobile. For further information please visit www.itisholdings.com This information is provided by RNS The company news service from the London Stock Exchange
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