Major new contract

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Major New Contract

Cerillion, the billing, charging and customer relationship management software solutions provider, is pleased to announce that it has signed a major new six-year contract worth a total of £15.1 million. All of the revenue is subscription income that will be recognised over the term of the contract, and will support current consensus market forecasts.

The contract has been signed with an existing telecommunications customer, which operates in Europe, and has been a customer for the past four years. It encompasses managed services, support and subscription to Cerillion's Evergreen Software Programme, which provides continuous access to Cerillion's latest product developments.

Louis Hall, Chief Executive Officer of Cerillion plc, commented:

"We are delighted to further extend and broaden our relationship with this customer. It is another demonstration of the clear operational and commercial benefits of our solutions. Telecommunications companies are looking for solutions that enable them to drive more revenue from their network infrastructure and improve their end-customers' experience.  Our solutions efficiently and cost-effectively meet this need."

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About Cerillion

Cerillion has a 23-year track record in providing mission-critical software for billing, charging and customer relationship management ("CRM"), mainly to the telecommunications sector but also to other markets, including utilities and financial services. The Company has c. 80 customer installations across c. 45 countries.

Headquartered in London, Cerillion has operations in India, Bulgaria, Belgium, Singapore and Australia.

The business was originally part of Logica plc before its management buyout, led by CEO, Louis Hall, in 1999. The Company joined AIM in March 2016.