Capita PLC Contract update

 
TIDMCPI 
 
Contract update 
 
Capita plc (Capita) is issuing the following statement regarding its life and 
pensions contract with Prudential. 
 
As part of its wider customer and technology transformation programme, 
Prudential has today announced that the administration of its life and pensions 
business will be transferring from Capita to a new supplier on 31st July 2018. 
These operations are expected to contribute revenue of around GBP80m to Capita in 
the full year to December 2017. 
 
During its 10-year partnership, Capita has helped Prudential to achieve and 
maintain award-winning standards of customer service and delivered operational 
improvements that provide a strong platform for future development. Capita will 
continue to administer Prudential's international operations. 
 
Capita remains a leading provider in the UK and international life and pensions 
market, administering 15 million policies and delivering major benefits and the 
highest standards of customer service for 21 clients. 
 
This announcement is not related to Capita's discussions with a separate life 
and pensions client, as previously disclosed at our half year results. 
 
For further information: 
 
Capita plc Tel: [phone] or 020 7654 0220 
Andrew Ripper, Head of Investor Relations 
Fiona O'Nolan, Director, Corporate Communications 
[e-mail] 
 
Media enquiries: 
 
Capita Press Office 020 7654 2399 
[e-mail] 
 
Capita is a leading UK provider of technology enabled customer and business 
process services and integrated professional support services. Operating at 
over 450 sites across the UK, Europe, India and South Africa, Capita uses its 
expertise, infrastructure and scale benefits to transform its clients' 
services, driving down costs and adding value. Capita is quoted on the London 
Stock Exchange (CPI.L). Further information on Capita can be found at: http:// 
www.capita.com. 
LEI no. CMIGEWPLHL4M7ZV0IZ88. 
 
 
 
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(END) Dow Jones Newswires

January 16, 2018 04:00 ET (09:00 GMT)