Share Price Movement

ITIS Holdings PLC
25 February 2004



25 February 2004



                               ITIS Holdings plc

                              Share price movement




The Directors of ITIS Holdings plc ('ITIS') note the recent sharp movement in
the ITIS share price which they believe to be the result of the circulation of
an Executive Summary of a report commissioned by Trafficmaster plc 
('Trafficmaster') and written by the Ian Catling Consultancy.   The Directors
believe the methodology and conclusions of the report to be fundamentally flawed
and that as a result it does not provide an accurate picture of the traffic
information services provided by ITIS.  In particular the report did not review
the reliability of ITIS's in-car service, RDS-TMC, which is ITIS's core
automotive business.



The Directors of ITIS are taking urgent legal advice about this matter.



Since flotation in October 2000, ITIS has developed an outstanding reputation
for high quality real time and historic information and has developed its
Floating Vehicle Data System ('FVDS') to become the largest commercial
application of this technology in the world.



As a result of this achievement, ITIS has continued to win significant contracts
and form partnerships with some of the UK's largest organisations including the
Automobile Association, BMW, Toyota, the Ford Motor Company and Vodafone.



As recently as 9th February 2004, ITIS was awarded a £3.25m, three year contract
by the Department for Transport ('DfT').  This contract was awarded after an
extensive feasibility study was carried out on behalf of the DfT by consultants
Mouchel Parkman and academics for the Centre for Transport Studies at Imperial
College London.



Commenting on the share price movement, Stuart Marks, Chief Executive, ITIS plc,
said:



'Our commercial success and customer relationships speak for themselves and we
remain totally committed to providing our customers with the highest quality of
traffic information.    I deplore the publication of a report whose methodology
and conclusions we believe to be flawed and we will take all actions necessary
to protect the interests of the company.'





                                    - Ends -




Contacts:



ITIS Holdings PLC
Stuart Marks, Chief Executive                      Tel: [phone]

Citigate Dewe Rogerson
Ged Brumby                                         Tel: [phone]


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