Contract Renewal

Torex Retail PLC
03 September 2004

3 September 2004

                                Torex Retail plc
                        ('Torex Retail' or 'the Group')

             Announces contract renewal with WH Smith Travel Retail

Torex Retail plc ('Torex Retail' or 'the Group'), a leading provider of IT
solutions to major European retailers, today announces a £7m contract to provide
full IT outsourcing services for WH Smith Travel Retail. The contract, which
runs until 2007, represents a significant renewal for Torex Retail and follows
the successful provision of this service to WH Smith Travel Retail over the past
four years.

WH Smith Travel Retail will see Torex Retail provide all outsourced IT services
for more than 130 WH Smith Travel Retail stores at airports and railway stations
across the UK. In addition, Torex Retail will service the company's national
distribution centre in Birmingham and head office in Central London.

The outsourcing contract will see Torex Retail continue to assume responsibility
for providing all systems and support for EPoS, warehouse management and head
office finance and merchandising as well as for the company's Intranet and
network management.

Torex Retail plc Chief Executive, Mark Pearman commented;

'This announcement demonstrates our ability to retain high profile blue chip
business. The renewal has been based on our successful provision of outsourced
services over the past four years which have had a positive business impact on
WH Smith Travel Retail's overall operations.

'The contract comes on the back of recent major wins for Torex Retail and I
believe we can continue to build on the solid foundation we have established for
this business and realise our vision of becoming the provider of choice for
leading retailers in the UK and Europe.

Graham Miller, Finance and Systems Director of WH Smith Travel Retail added;

'Torex Retail have an intimate understanding of our business and have
consistently demonstrated their ability to meet and exceed our requirements.
This latest contract reflects their performance to date and I believe that Torex
Retail are true strategic partner who are an intrinsic part of our business
plans going forwards.'

                                    - ends -
Enquiries:
Torex Retail plc                                   Citigate Dewe Rogerson
Rob Loosemore, Executive Chairman                  Seb Hoyle /
Mark Pearman, Chief Executive                      Freida Moore
Telephone: [phone]                    Telephone: [phone]

Notes to Editors:

Torex Retail plc, a leading European retail solutions business, floated on AIM
in March 2004.  The business is an independent supplier of electronic point of
sale ('EPoS') solutions and services and productivity tools to high street,
convenience and petroleum retailers with an installed base of some 50,000 EPoS
licences across Europe.  It has a broad base of blue-chip clients and employs
700 staff in UK, Germany, Belgium, Holland and Eire.  www.torexretail.com

WH Smith Travel Retail, a division of WH Smith PLC, was established in 1997 as a
dedicated company with a focus on the travelling public, covering 130 major UK
locations.


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