New Business Wins

RNS Number : 3082V

Regenersis PLC

27 October 2014

REGENERSIS PLC

("Regenersis" the "Company" or the "Group")

NEW BUSINESS WINS

Regenersis plc, a strategic outsourcing partner to many of the world's largest technology brands, is pleased to announce significant new contract wins in its Depot business:

· In Mexico, the Group has been awarded a repair and refurbishment contract with Sony Mobile, a division of Sony Corporation. This contract has already begun operational ramp up in our Mexico City facility.

· Regenersis Poland has secured an addition to the Group's strategic partnership with HTC, under which additional device volumes from EMEA will be processed by Regenersis Poland. This contract will materially increase the volume of HTC units handled by Regenersis from the second half of the current financial year.

· An aftermarket and repair service solution contract for a leading US based, global company in the Business to Business segment, has been awarded to the Group, which will be delivered through three of our European facilities and includes component level repair and returns management.

Further, Regenersis has secured several new repair contracts for leading insurance customers to be serviced from our Poland and Romanian facilities, including screen refurbishment and advanced motherboard repairs.

The Group expects these new business wins to deliver in excess of £15 million annualised revenue for the Depot division once they have reached their anticipated run rate.

Matthew Peacock, Executive Chairman of Regenersis, said:

"We are delighted that Sony has chosen to partner with Regenersis in Mexico and look forward to working with them. The extension of our established contract with HTC speaks to the success of our working relationship, which has progressively grown since we started working together.

"These new contracts underpin management's existing growth forecasts for the Depot division of the Group this year."

Enquiries:

Regenersis Plc +44 (0) 20 3657 7000

Matthew Peacock, Executive Chairman

Jog Dhody, Chief Financial Officer

Panmure Gordon (UK) Limited (Nomad and Joint Broker) +44 (0) 20 7886 2500

Dominic Morley, Corporate Finance

Charles Leigh Pemberton, Corporate Broking

Cenkos Securities (Joint Broker) +44 (0) 20 7397 8900

Stephen Keys, Corporate Finance

Alex Aylen, Sales

Tavistock Communications +44 (0) 20 7920 3150