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GB Group PLC (GBG)

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Tuesday 15 October, 2002

GB Group PLC

Re Agreement

GB Group PLC
15 October 2002

                              GB GROUP PLC ('GB')


GB Group plc today announces that it has signed an exclusive deal with Gemserv
Limited ('Gemserv') to secure the rights to distribute and licence a unique
database comprising of approximately 28 million records.  The database will be
incorporated into authentication products that will be used solely for the
purpose of the prevention and detection of fraud, thereby supporting the fight
against money laundering and the financing of terrorism.

Gemserv is a UK company owned by all the major electricity supply and
distribution companies in Great Britain. The agreement with Gemserv is for an
initial period of five years.  Under the agreement, the parties will split the
revenues received from third party licencees of the database products.

Under existing, new and proposed Know Your Customer (KYC) initiatives banks,
building societies and other financial institutions will be required to confirm
the identity of individuals as part of a foundation of strong anti-money
laundering controls.

The database contains reference numbers that can be used to verify addresses.
This is because the metering point reference number also appears on an
electricity utility bill as an integral part of the Supply Number and is a piece
of information usually only accessible by individuals living at that property.
It is the equivalent of someone producing a utility bill to prove their
identity, but by using the new database, this can be done online or over the

Under the licensing agreement with Gemserv, GB will control and licence access
to metering point information to business sectors outside the utility industry
who need to authenticate individuals including financial organisations, security
industries and Government agencies.

Richard Law, Chief Executive of GB said:

'I am delighted with the agreement.  This data is extremely valuable both to
companies and other organisations needing to confirm the identity of someone for
security reasons and to individuals who want to prevent the theft of their
identity.  The market for authentication and Know Your Customer products is
significant, particularly in the current climate of terrorism and associated
money laundering issues.

This is the first of a number of unique data sources we intend to obtain for use
in this way and we are extremely pleased to be able to contribute to the fight
against crime and terrorism whilst at the same time securing value for our

For further information, please contact:

GB Group plc                                    01244 657333
Richard Law, Chief Executive

Weber Shandwick Square Mile                     020 7950 2800
Richard Hews

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

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