Investments in Business Continuity in Europe

Synstar PLC 17 November 1999 INVESTMENTS IN BUSINESS CONTINUITY IN EUROPE Synstar Plc, the pan-European IT services group announces two investments which further strengthen its Business Continuity services in Europe. Luxembourg The group has signed an agreement with Tecsys SA, whereby Synstar has acquired the Tecsys Luxembourg based Business Continuity business, for a total cash consideration of £416,000 (LUF 25 million). In a full year, the business is expected to generate a turnover of £220,000 and a profit before taxation of £65,000. Synstar is acquiring the assets of Tecsys's business continuity division, including a fully equipped 64-seat business recovery centre in the heart of Luxembourg, and the associated specialist staff who run it. After completion this will be integrated with Synstar's existing business continuity interests in Luxembourg, establishing a combined capacity of 134 seats. This acquisition positions Synstar as one of the top three business continuity service providers in Luxembourg's financial services market. Commenting on this agreement, Richard Ferre, Chief Executive of Synstar Plc said: 'While small, this is an excellent acquisition for Synstar Business Continuity in Europe. Luxembourg has a unique banking and financial services market, where there is significant growth potential for business continuity services. By further establishing Synstar in Luxembourg, we are now able to position ourselves as one of the top suppliers of business continuity services in this sector. The acquisition also furthers our European coverage of business continuity services, something which pan European companies are demanding more and more when choosing a preferred supplier.' Belgium Synstar plans to open a new Business Continuity centre in Belgium, increasing its capacity from 70 to 250 seats. The centre will be Synstar's new headquarters for Business Continuity in mainland Europe from February 2000. An official launch is planned in April. Synstar pioneered mobile recovery services in mainland Europe in Belgium and enjoys market leadership of the business continuity sector there. The new centre will be the first to offer high specification call centre recovery services in the country. For further information: SYNSTAR PLC 01344 662 700 Richard Ferre Chief Executive Officer Joanne King Investor Relations Manager GCI FOCUS GROUP 0702 398 0800 Susy Streeter