Contract Wins

K3 Business Technology Group PLC 25 February 2005 K3 BUSINESS TECHOLOGY GROUP PLC ('K3') ANNOUNCES NEW CONTRACTS WINS K3, the IT solutions provider to the manufacturing, distribution and retail sectors, is pleased to announce that its subsidiaries, K3 Landsteinar and K3 Elucid ('Elucid'), have won new contracts with a total value of approximately £1.05m. K3 Landsteinar, acquired in October 2004, has secured three new contracts to supply its retail management software, worth a total of £750,000. The largest is a £300,000 deal with a leading independent homeware and fashion retailer. The second, worth £250,000, provides a complete business solution for a retailer of beauty products. The third is a contract for approximately £200,000 with a high-street electronics retailer. Elucid, which supplies warehousing and distribution software and was acquired in April 2004, has signed a contract worth £300,000 with Scotts of Stow, the mail-order specialist. Elucid is to install a complete distribution solution, encompassing all the retailer's sales channels, on-line, catalogue and stores. Andy Makeham, CEO, of K3 commented, 'I am delighted to announce these new contract wins. They demonstrate the strength of K3 Landsteinar's and Elucid's product offering and confirms our view that both acquisitions have excellent growth prospects.' Enquiries: K3 Business Technology Group T: 01282 864111 Andy Makeham, Chief Executive David Bolton, Finance Director Biddicks T: 020 7448 1000 Katie Tzouliadis This information is provided by RNS The company news service from the London Stock Exchange
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