REG-Capita PLC: Contract

CapitaAnnouncement

05/06/2018 12:05

5 June
2018                                                                                               

Capita grows work with Transport for London to deliver the Central London
Ultra Low Emission Zone

Capita plc today announces that it has agreed with Transport for London
(TfL) to expand its current contract to include the Central London
Ultra Low Emission Zone (ULEZ). This agreement means that Capita will
design, implement and operate the systems as well as, front and back office
processes for the Central London ULEZ, on TfL’s behalf. 

This is in addition to Capita’s current agreement to manage TfL’s
Congestion Charging Zone, Low Emission Zone and T-Charge. The ULEZ will
replace the existing T-Charge when it launches in April 2019 and is
estimated to result in a nearly 50 per cent reduction in NOx emissions by
2020.

The ULEZ will support the Mayor of London’s ambitious plans to protect
Londoners from the damaging health impacts of air pollution. All vehicles
within the Central London ULEZ area will need to meet robust exhaust
emission standards or pay a daily charge to travel. 

The variation to the current contract, which is for the implementation and
operation of the Central London ULEZ, is expected to be
worth £56million* to Capita from commencement to the end of the current
contract term in September 2021.

Jon Lewis, Chief Executive Officer, Capita plc, said: “"This agreement is
testament to Capita’s extensive expertise in the provision of technology led
end-to-end customer management, and associated software and IT services. It
further strengthens the long term strategic partnership between Capita and TfL
to deliver mission-critical services across the London transport network. We
look forward to playing an important role in implementing this key Mayoral
initiative to meet emission objectives for London”.

Paul Cowperthwaite, General Manager of Road User Charging at TfL, said:
“This continuation in our relationship with Capita will enable us to
deliver a project which is key to improving the health and quality of life of
Londoners”

                           ends

Notes to editors:

*The total IFRS 15 transaction price of the initial scope and term is £56m,
plus a subsequent pre-priced five-year extension price of £37m, subject to
TfL taking up the option to extend the contract. The central London ULEZ
agreement is a variation of the existing contract between TfL and Capita.

Investor enquiries

Andrew Ripper, Head of Investor Relations

Tel: 0207 654 2220

Email: andrew.ripper@capita.co.uk

Media enquiries

Capita press office

Tel: 0207 654 2399

Email: media@capita.co.uk 

Capita is a leading provider of technology enabled business services,
operating across five key markets: Software; People Solutions; Customer
Management; IT Services and Government Services. Working across the UK,
Europe, India and South Africa, we use our expertise, talent and technology to
partner with our clients to transform services and add value for all their
stakeholders. Capita is quoted on the London Stock Exchange (CPI.L). Further
information on Capita can be found at: http://www.capita.com



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