Re Contract

RNS Number:1048F
CybIT Holdings PLC
11 November 2004


                          CYBIT HOLDINGS PLC ("CYBIT")

             CYBIT TO SIGN 3-YEAR CONTRACT WITH SAINSBURY'S TO YOU

Cybit Holdings PLC is pleased to announce that the company is in the process of
finalising a three year agreement with Sainsbury's Supermarkets Limited
("Sainsbury's"). This announcement follows an extensive three-month, competitive
evaluation period during which Cybit demonstrated the ability to deliver
substantial business benefit to the operation utilising a proven technology
platform supported by Cybit value added services.

Under the proposed contract, Cybit will provide Sainsbury's home delivery fleet,
operating under the 'Sainsbury's to You' brand, with Fleetstar Online ("FSOL")
telematics and Smartnav technologies to deliver a vehicle tracking and satellite
navigation solution.

Cybit has commenced an extensive implementation and training project that spans
both head office and a significant number of Sainsbury's stores. This project
will run in conjunction with installation of the technology into 400 plus
vehicles. The key driver of the project is to deliver significant long-term
operational efficiencies that will enhance the customer experience to existing
and new users of the home delivery service.

Under the terms of the proposed agreement, Sainsbury's and Cybit will
collaborate to further evolve existing technologies in order to create "leading
edge" solutions that will underpin the 'Sainsbury's to You' strategic
development plan.

Richard Horsman, Chief Executive, Cybit, said:

"The signing of this agreement with Sainsbury's is another major achievement for
Cybit as the company continues to expand both it's product portfolio and service
delivery capabilities. This agreement follows the announcement of a strategic
three-year contract with Norwich Union in September and firmly positioned Cybit
as the market leader for internet-based telematics-enabled fleet management
solutions."

Simon Skeet, Fulfilment Operations Manager, Sainsbury's, said:

"Operational efficiencies in Sainsbury's home delivery fleet are critical to the
success of the venture. Cybit's telematics technology is an important part of
achieving this and we look forward developing a successful partnership over the
next three years."

                                    - ENDS -

For further information, please contact:

David Rydell / Charlotte Kirkham                     Tel: [phone]
Bell Pottinger Corporate & Financial

About Cybit

Cybit is a leading Internet-based Telematics Service Provider (TSP) and supplier
of fleet and asset management solutions to the business-to-business sector.
Cybit's solutions portfolio includes vehicle tracking and management, lone
worker support and car pool management. Hundreds of companies across a wide
range of industries already use Cybit's online solutions to improve the
management and control of their fixed and mobile assets. Additional information
is available at www.cybit.co.uk

Cybit has quickly established itself as the market leader for Internet-based
telematics-enabled fleet management solutions. The latest release of
Fleetstar-Online introduces a unique modular approach to fleet management,
providing customers with access to industry leading technology that was
previously available only to major enterprises. With its next generation
telematics platform, Cybit combines key architecture strengths - such as an
OpenAPI and decoupled technology and application layers - to enable
organisations to easily integrate Cybit telematics technology with their own
applications and bring them to market quickly.

Cybit recently announced a three year strategic partnership agreement with the
UK's largest insurance company, Norwich Union Insurance to launch the industry's
only telematics-enabled fleet insurance product, which will offer businesses
fixed price insurance cover over two or three years and a premium rebate when
key performance indicators are achieved.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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