RNS Number:4090M
NetStore PLC
17 June 2003


Immediate Release                             17 June 2003





                                  Netstore plc


                          Substantial New Contract Win


Netstore plc ("Netstore"), a leading provider of managed IT solutions, today
announces that it has won its largest single contract to date, worth
approximately #6.5m of revenue to Netstore over the next five years.


The contract is for the provision of multiple managed and hosted application
services, and associated change management consultancy, to the London Borough of
Hackney. Netstore is prime contractor and will be providing services in
partnership with CedAr, HEDRA and Ideal Technologies.


The contract surpasses in size the recently signed agreement with the Housing
Corporation, which was worth #5.9m of revenue over the next five years.


No revenue from this contract is expected to fall in the current financial year
ended 30 June 2003.


Paul Barry-Walsh, Chairman and Chief Executive Officer, commented:


"We are delighted with this contract; it is an important win for us in one of
our key vertical markets. This confirms that we can execute on our more focussed
corporate strategy, adds significantly to our secured long-term revenue and
gives us further credibility in the Local Authority marketplace where we already
have substantial representation."



For further information, please contact:

Netstore plc (NES)                     01344 444 300
Paul Barry-Walsh, Chairman             paul.barry-walsh@netstore.net
                                       -------------------------------
Neil Lloyd, CFO                        neil.lloyd@netstore.net
                                       -------------------------

Buchanan Communications                020 7466 5000
Charles Ryland
Catherine Miles




About Netstore


Founded in 1996, Netstore is the UK's leading specialist managed application
solutions provider.


Netstore sells direct to organisations in the public and industry sectors.
Customers include Northern Rock, BT, Housing Corporation, Companies House,
Liverpool City Council; London Boroughs of Camden, Islington and Hammersmith and
Fulham; the Royal Borough of Kingston, Scottish Equitable, Cisco Systems, and
Northants Police.


Netstore enables organisations to gain control and flexibility of their
information systems through the managed delivery of business critical
applications as a service. These enterprise strength services encompass
financial solutions, e-procurement, business intelligence, enterprise-wide
messaging, wireless, storage solutions, disaster recovery and managed security
services - all underpinned by strategic consultancy.


Netstore is headquartered in Bracknell, UK, with operations in London, Gateshead
and Cambridge. Netstore is one of only 67 organisations in the UK to have
achieved BS7799 certification, demonstrating compliance with the British
Standard for Information Security Management. Netstore is quoted on the London
Stock Exchange (NES).


For more information about Netstore, please visit: www.netstore.com


For further information please contact:


Sarah Rowlands

Netstore plc

Tel: +44 (0) 1344 444 324

Fax: +44 (0) 1344 441 247

sarah.rowlands@netstore.net


Giles Fraser or Hannah Middleton

Brands2Life

Tel: +44 (0) 7386 6200

Fax: +44 (0) 7386 6206

hannah.middleton@brands2life.com








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