89VX Kuwait Proj. 26

RNS Number:1578E
Intelligent Environments Group PLC
07 June 2006

Principality Building Society selects Intelligent Environment



Intelligent Environments Group plc ("iE" or the "Company") is pleased to
announce that Principality Building Society ("Principality"), Wales' largest
building society, has contracted with iE to explore its online offering to
customers. The contract represents an important new customer win for iE and is
of material value in the current financial year.



Principality is seeking to expand its online customer proposition to complement
its strong branch network whilst extending the footprint of the Principality
brand beyond its core territory of Wales.



Phillip Blundell, Chief Executive of iE, said:



"We are delighted Principality has selected iE as its chosen partner. What was
clear from the selection process was that Principality was looking for a
supplier who could translate its innovative strategy into reality. Our solution
met all Principality's aspirations and provides the platform for future
propositions and innovation."



Tracy Morshead, Managing Director of Principality Building Society, said, "We
chose iE for two key reasons - their tried and tested online consumer-focused
products and the professionalism and knowledge of their team. Principality
Building Society sees this as an exciting opportunity to gain new business from
a wider customer base beyond the reach of our branch network."



                                    - ends -







Further information



For iE:                                      Phillip Blundell
                                             Chief Executive
                                             +44 (0)208 614 9800





For Principality:                            Llio Penri
                                             Public Relations
                                             029 2077 3208 (or 07836 713343)







Notes for Editors



About iE

Intelligent Environments Group plc specialises in designing highly usable and
customer-centric Internet products and services that bring the online channel to
life for its users.



iE's products deliver financial services organisations a complete application,
account management and micro site capability for consumer finance, investment,
life and pensions and insurance products.



The NetFinance product suite is built using Microsoft .NET technology and is
designed to integrate seamlessly with existing banking systems, back office
processors, call centre environments and workflow systems, third party or in
house, to offer a real-time, straight-through experience for the customer and
the financial services provider.



iE was founded in 1985 and has been an AIM listed company (IEN) since 1996.
Blue-chip customers include HSBC, Halifax Bank of Scotland, The Royal Bank of
Scotland, The Bank of New York and First Data International. www.ie.com



About Principality Building Society



*         Formed in 1860, Principality is Wales' largest building society.

*         The Society is committed to supporting the communities of Wales.

*         With more branches in Wales than any other building society,
          Principality is the 12th largest building society in the UK.

*         The Society has assets of over #4.3 billion.

*         Principality is committed to remaining a mutual organisation.

*         The Society continues to reinforce this intention by providing
          competitive investment and mortgage products for existing and future 
          members alike.

*         Principality is Wales and West winner of the Cameron McKenna Business
          of the Year Award, received at the National Business Awards 2005.




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