PNX Phoenix It

RNS Number:3615Y
Phoenix IT Group PLC
14 June 2007



14 June 2007

                              Phoenix IT Group plc

        New Outer London Centre and Largest Business Continuity Contract


Phoenix IT Group plc ("Phoenix" or the "Group") is pleased to announce the
acquisition of a lease on a facility that will become the Group's largest
Business Continuity centre. The 100,000 sq ft facility is strategically located
to the south west of London in Farnborough, Hampshire, and will provide up to
1,450 office and dealing room recovery positions, to be made available on a
dedicated or syndicated basis. The centre is expected to become operational
later in the summer.

At the same time as announcing the new facility, the Group is pleased to
announce its largest ever business continuity contract, with a major City based
financial organisation, valued at up to #8.4m over the maximum contract term of
seven years. With a mix of dedicated and syndicated work area positions, the
client will become the first user of the facility and demonstrates Phoenix's
continued success in signing large long-term contracts with major blue chip
organisations, providing an enhanced business continuity order book and
excellent forward revenue visibility.

This acquisition has been driven by the strong demand from City institutions for
facilities located out-of-town, following on the success of the Romford site,
and will substantially extend and complement the Group's London business
recovery strategy.  Phoenix already has facilities serving the City in Sevenoaks
to the south east, Wycombe and Uxbridge to the west and Old Street and Wapping,
in addition to the Romford site to the east which Phoenix acquired as part of
the ICM Computer Group transaction.  The Farnborough site is also well placed to
serve the M25/M3 corridor.  With the addition of Farnborough, the total capacity
serving the inner/outer London market will exceed 7,000 seats.

Commenting on today's announcement, Nick Robinson, Chief Executive of Phoenix IT
Group, said:

"As a Group we continue to look for growth opportunities and the acquisition of
the Farnborough centre will expand our business continuity seat capacity and
provide added capacity for existing and future customers. This addition leaves
us with a very strong portfolio of business continuity centres and good coverage
in the important south east region. I am also delighted to announce that we have
secured our first client for this centre. The contract is the Group's largest
business continuity win and marks another success for our business continuity
division, building on the major landmark contract win announced last year."


Phoenix IT
Nick Robinson                                               01604 669 597
Jeremy Stafford
David Simpson

Financial Dynamics
Harriet Keen                                                020 7831 3113
Haya Chelhot




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