BSG Bus.Sys.Grp

RNS Number:6881W
Business Systems Group Hldgs PLC
10 January 2006


           Business Systems Group Holdings Plc ("BSG" or "the Group")

                         Expiry of outsourcing contract

BSG is disappointed to announce that it was informed on 9 January 2006 by
Mapeley Estates Limited of its decision not to renew its current outsourcing
contract with BSG when it naturally expires at the end of March 2006. Given the
expiry date, this contract termination will have no impact on the Group's
revenue and profit expectations for the current financial year ended 31 March
2006. While the Board is surprised at the loss of this contract, the provision
of managed services remains key to BSG's strategic direction.

In the year to March 2006, the annual revenues from Mapeley Estates are expected
to be in the region of #2 million and the loss of this contract will inevitably
have a material impact upon the Group's profitability for the succeeding
financial year. The Board announced at its interim results that it was
implementing additional resources to accelerate sales of the managed services
offering, which it expects will assist in mitigating this contract loss.

Contacts:

Business Systems Group                              Tel: 020 7880 8888
Nick Gerard, Group Chief Executive
James Wheaton, Group Finance Director


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

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