REG-Capita PLC: Capita to manage loan book and legacy banking with ACCLM <Origin Href="QuoteRef">CPI.L</Origin>

CapitaAnnouncement

20/11/2015 11:20

Capita confirms today that it has agreed heads of terms for a contract to
manage Rabobank owned ACCLM Loan book activities and legacy banking services.
The contract is worth an estimated €55m (£38 million) over five years and will
start on February 1 2016 with the transfer of ACCLM colleagues to Capita under
transfer regulations, subject to regulatory approval.  

The contract with ACCLM confirms Capita's commitment to continued growth in
Ireland in support of financial services and banking businesses across all
sectors and asset classes. The total loan book under management on behalf of
ACCLM will be comprised of 17,500 loans with a value of approximately €4bn. 

Andy Parker, Capita Chief Executive, said: "This deal will enhance Capita's
position in Ireland. The contract builds on Capita's existing and wide-ranging
commercial debt-servicing capabilities across a range of industries."

It is anticipated around 180 employees will transfer to Capita, which already
has a workforce in excess of 1,700 people in Ireland.

ENDS


For further information:
Capita plc
Tel: 020 7799 1525
Andy Parker, Chief Executive Officer
Shona Nichols, Executive Director, Communications
Andrew Ripper, Head of Investor Relations

Media enquiries

Elizabeth Lee
Elizabeth.lee@capita.co.uk
0207 654 2169

Note to editors

Capita is a leading UK provider of technology-enabled customer and business
process services and integrated professional support services. With 74,000
people at over 400 sites, including 80 business centres across the UK, Europe,
India and South Africa, Capita uses its expertise, infrastructure and scale
benefits to transform its clients' services, driving down costs and adding
value. Capita is quoted on the London Stock Exchange (CPI.L), and is a
constituent of the FTSE 100 with 2014 revenue of £4.4 billion. Further
information on Capita can be found at: www.capita.co.uk.



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