red24 plc ("red24" or "the Group")

Contract for Special Risk Consultancy

red24 is pleased to announce that it has signed an agreement with another North American based assurance company to provide kidnap and ransom consulting services. The contract is for an initial period of three years to provide advice worldwide and, where necessary, the appropriate response services.

Simon Richards, Chairman, commented:

"Towards the end of last year we identified special risk services as a potential area of growth which complements our core operations and which has significant cross selling opportunities with our existing business. We therefore invested in a highly skilled team which is based in the USA and can leverage our outstanding Crisis Response Management Centre in Cape Town. The initial response has been very encouraging and this latest agreement is the third special risk contract that we have achieved in a short space of time. This is further evidence of the progress being made by the business as a whole and underpins our confidence in the future."

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