REAT React Group Plc

4 April 2024

REACT Group plc

("REACT", the "Group" or the "Company")

Contract Wins

REACT Group plc (AIM: REAT.L), the leading specialist cleaning, hygiene, and decontamination company, is pleased to announce that it has been awarded three material contracts totalling over £1.3m annually. All three contracts have been or are being mobilised during the month of April 2024.

The contracts include the renewal and expansion of a Facilities Management ('FM') soft services agreement with an NHS trust in the Midlands.  The agreement is for a minimum three-year term with an option to extend to five years.  The three-year value of the agreement is c.£785k and represents a c.30% expansion of services from the previous agreement.

The Company has also extended for a further two years the Core Vendor agreement it established three years ago with the UK operation of one of the world's largest FM companies.  Within the extension is a new incremental agreement to provide crime scene cleaning for a large UK Government agency, with a history of spending c.£500k per year on reactive specialist cleaning.

The Company has also been successful in being awarded a new agreement with a leading UK FM business to provide a single point of service delivery for emergency decontamination services to its customers, some of whom are well known, recognisable brands.  The incremental revenue opportunity is in the region of c.£500k per year.

Shaun Doak, Chief Executive Officer, commented:

"We are delighted that the Company has continued its trading momentum winning new customers and expanding its services with existing ones. These three material contracts have been awarded in addition to a stream of small and medium sized wins which demonstrates both the demand and the cross selling opportunities for our services and as such, underpins our confidence in FY 2024 performance.."

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