re: Contracts

RNS Number:8616W
CybIT Holdings PLC
24 March 2004

24 March 2004

                          CYBIT HOLDINGS PLC ("CYBIT")

               CYBIT ANNOUNCES EXPANSION AND UPGRADE OF CONTRACTS


Cybit Holdings PLC ("Cybit") is pleased to announce the expansion and upgrade of
existing contracts worth an additional #1.25 million in revenues over the
lifetime of the deals.

Cybit has expanded its recently announced contract with Marshalls plc,
("Marshalls"), the UK's leading manufacturer of hard landscaping materials for
the construction and home improvement markets. As an addition to the initial
deal with Marshalls announced in January this year, Cybit will supply and
install its GPRS-based telematics solution into Marshalls managed hauliers
fleet.

Cybit has also received a further significant order from McAlpine Business
Services, a division of Alfred McAlpine PLC, ("McAlpine"), the construction,
infrastructure and business services Group, to expand the installation of its
Fleetstar-Online solution.

In total, the Marshalls and McAlpine contact extensions are worth an additional
#450,000 in revenues to Cybit over the duration of the contracts.

Cybit has also embarked on a customer migration program aimed at users of its
first generation technology. To date, customers representing a substantial
percentage of the installed units of this technology have upgraded to take
advantage of Cybit's Fleetstar-Online solution. In total, the contacts for
migrations signed sinceJanuary 1st 2004 will generate new revenues of #800,000
for the company.

Richard Horsman, Chief Executive of Cybit Holdings PLC, said:

"These contract extensions and migrations are a strong endorsement from our
existing clients, demonstrating the strength of our cutting-edge solutions and
the high levels of customer satisfaction resulting from our industry leading
service delivery."


For more information please contact:

Bell Pottinger Financial
David Rydell/Charlotte KirkhamTel:    020 7861 3232



About Cybit

Cybit is a leading provider of fleet management and telematics solutions,
delivering a full range of Internet-based software and support service to
private motorists, vehicle fleet managers and commercial haulage operators.
Cybit operates a number of telematics platforms, from end-to-end OEM solutions
to its own generic platform, providing satellite tracking of mobile assets via
street-level digital maps. This enables Cybit operators to obtain data and
deliver services or assistance via wireless networks for safety critical events,
accident or breakdown, as well as providing support if a vehicle is stolen, or a
driver is late or lost. By facilitating the processing of this information for
financial management purposes, Cybit then frees users up to promote best use of
existing resources.

For more information about Cybit's technology solutions, please contact Philip
Szomszor at IBA Europe on 01780 721433.



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