Update on Major New Contract Win

7 December 2023

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

Update on Major New Contract Win

Further to the major new contract win announced on 5 December 2023, Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce that the Group has been awarded a professional services order to help deploy MyID Credential Management Solution (CMS) to the same large US Federal Agency.

This additional order, with an aggregate value in excess of $0.8 million, underpins the Group's upgraded FY24 and FY25 forecasts.

Klaas van der Leest, CEO, commented:

"Once again, I am pleased to announce a further order that supports our upgraded forecasts for FY24 and FY25. This is a testament of the hard work my colleagues have done and indeed continue to do so. This is an Intercede team working well with our Partners and Clients."

ENQUIRIES

Intercede Group plc                                                                                       Tel. +44 (0)1455 558 111

Klaas van der Leest, CEO

Nitil Patel, CFO

Cavendish Capital Markets Limited                                                         Tel. +44 (0)20 7220 0500

Simon Hicks/Fergus Sullivan, Corporate Finance

Tim Redfern/Charlotte Sutcliffe, ECM

About Intercede

Intercede is a cybersecurity software company specialising in digital identities, and its innovative solutions enable organisations to protect themselves against the number one cause of data breach: compromised user credentials.

The Intercede suite of products allows customers to choose the level of security that best fits their needs, from Secure Registration and ID Verification to Password Security Management, One-Time Passwords, FIDO and PKI. Uniquely, Intercede provides the entire set of authentication options from Passwords to PKI, supporting customers on their journey to passwordless and stronger authentication environments. In addition to developing and supporting Intercede software, the Group offers professional services and custom development capabilities as well as managing the world's largest password breach database.

For over 20 years, global customers in government, aerospace and defence, financial services, healthcare, telecommunications, cloud services and information technology have trusted Intercede solutions and expertise in protecting their mission critical data and systems at the highest level of assurance.

For more information visit: www.intercede.com