RNS Number:4120U
ITIS Holdings PLC
20 January 2004

20 January 2004


                    AGREEMENTS WITH MINORPLANET SYSTEMS PLC


ITIS Holdings plc ("ITIS" or the "Company")

Minorplanet Systems plc ("Minorplanet")


The directors of ITIS (the "Directors) today announce that ITIS and Minorplanet
have reached an agreement (the "Settlement Agreement") which terminates
Minorplanet's current trading relationship with NavTrak, the stolen vehicle
tracking business. Pursuant to the Settlement Agreement, ITIS has been granted
an irrevocable licence (at no ongoing cost) to all the manufacturing rights of
the in vehicle hardware associated with the NavTrak product (known as the AEM
4000) which was previously supplied by Minorplanet.  Both ITIS and Minorplanet
will also be released from their respective restrictive covenants governing
their current relationship, and in return ITIS will receive consideration of
#435,443.


In addition, the Directors announce that ITIS is proposing to enter into a
further agreement with Minorplanet (the "Share Purchase Agreement") whereby ITIS
will purchase from Minorplanet 2,177,215 ordinary shares of 2p, each, in ITIS ("
Ordinary Shares") (the "Shares") at a price of 20p per Share, being in aggregate
#435,443.  The Directors intend that the Shares will be held as treasury stock.
In respect of the balance of its holding of 1,500,000 Ordinary Shares,
Minorplanet has undertaken to effect any disposal whilst maintaining an orderly
market in these Shares.


The entering by ITIS into the Share Purchase Agreement is subject to prior
approval by ITIS shareholders of a resolution to be proposed at an Extraordinary
General Meeting of ITIS (the "EGM") which authorises the Directors to undertake
the off-market purchase of the Shares.  In line with common market practice, an
additional resolution is to be proposed at the EGM to grant the Directors a
general power to buy in additional Ordinary Shares on an on-market basis.


The EGM is to be convened for 10.30 am on 12 February 2004 at the offices of
ITIS, Station House, Stamford New Road, Altrincham, Cheshire WA14 1EP.  A
circular convening the EGM is to be sent to ITIS shareholders later today.


Contacts:

Stuart Marks, Chief Executive, ITIS Holdings PLC - 0161 927 3602

Ginny Pulbrook / Ged Brumby Citigate Dewe Rogerson - 020 7282 2945


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