RNS Number:2181R
CybIT Holdings PLC
23 October 2003

23 October 2003


                          CYBIT HOLDINGS PLC ("CYBIT")


                  CYBIT ANNOUNCES 3 YEAR PARTNERSHIP AGREEMENT




Cybit Holdings PLC ("Cybit") is pleased to announce a minimum three-year
partnership agreement with Lex Vehicle Leasing ("Lex"), a subsidiary of RAC PLC
and HBOS PLC, which should deliver annual revenues in excess of #3 million to
Cybit.


The success of Cybit's initial partnership with Lex over the past 12 months has
exceeded expectations. Under the new three-year agreement, Lex will market
Cybit's technology and products to its customer base and new prospects. The new
contract reinforces Lex's commitment to integrate Cybit's Fleetstar-Online
technology into Lex's "Interactive Fleet Manager" offering.


This move further strengthens Cybit's coverage within the telematics sector.
Cybit now has partnership deals with Smart Moves to distribute its Drive-IT
solutions and other strategic deals with Norwich Union, Mandata and Signature
Industries. In addition, Cybit recently announced a partnership with Vanguard
PLC which is expected to be worth in excess of #1.5m in additional revenues.


Richard Horsman, Chief Executive of Cybit Holdings PLC, said:


"This is another significant step forward for Cybit. This deal fortifies the
most successful partnership between a telematics and vehicle leasing company to
date. Lex's continued endorsement of our products is very satisfying and
demonstrates the strength of our products and market leading position within the
telematics industry."


Jon Walden, Managing Director, Lex Vehicle Leasing, said:


"Following a review of telematics service providers Lex is delighted to renew
its partnership with Cybit. Significant factors included the achievements of the
last 12 months, combined with both parties commitment to the development of the
strategic alignment. Lex believes that this partnership will continue to offer
its customers a real point of differentiation in the vehicle leasing
marketplace."


For more information please contact:


Bell Pottinger Financial

Jonathon Brill/Charlotte Kirkham                    Tel: 020 7861 3232




About Cybit


Cybit is a leading provider of fleet management and telematics solutions,
delivering a full range of Internet-based software and support service to
private motorists, vehicle fleet managers and commercial haulage operators.
Cybit operates a number of telematics platforms, from end-to-end OEM solutions
to its own generic platform, providing satellite tracking of mobile assets via
street-level digital maps. This enables Cybit operators to obtain data and
deliver services or assistance via wireless networks for safety critical events,
accident or breakdown, as well as providing support if a vehicle is stolen, or a
driver is late or lost. By facilitating the processing of this information for
financial management purposes, Cybit then frees users up to promote best use of
existing resources.


For more information about Cybit's technology solutions, please contact Philip
Szomszor at IBA Europe on 01780 721433.


About Lex


Part of RAC plc, Lex provides a comprehensive range of motoring and vehicle
solutions to help businesses improve their efficiency and effectiveness.

Lex is proud to have a motoring services heritage dating back to 1928. Today
some 20,000 businesses across the UK, including two thirds of the FT-SE 100
companies, trust us to provide them with motoring and vehicle services.

The Lex businesses are:

  * Lex Vehicle Leasing, the UK's leading contract hire provider for company
    car and van fleets, with 99,000 vehicles under management. Lex Vehicle
    Leasing is a joint venture with Halifax plc.

  * Lex Transfleet, an award-winning provider of commercial vehicle fleet
    support services, offering expert and impartial advice on fleet management,
    rental, contract hire, driver management solutions and workshop services.
    Lex Transfleet is a joint venture with Lombard North Central.

  * Lex Komatsu South, providing Komatsu lift trucks on sale or contract hire
    together with comprehensive engineering support.

  * Lex Commercials, the UK's leading commercial vehicle dealer network,
    selling and maintaining new and used vans and trucks and selling van, truck
    and trailer parts.

  * Lex Auto Logistics, providing purchasing, inventory management,
    warehousing and distribution of parts to support businesses' logistics
    requirements.

  * Lex Defence, providing a unique range of skills and services to support
    the fleet requirements of the British Armed Forces.


For more information about Lex's fleet funding and management solutions, please
contact Peter Knights in the Lex Vehicle Leasing press office on 0870 112 5741.





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