RNS Number:3814Q
Innovation Group PLC
01 October 2003



                                                               1st October 2003


                        THE INNOVATION GROUP PLC ("TiG")

                                  Contract win

TiG announces that the evaluation licence to one of America's top tier insurers
previously announced in the Q3 Trading Statement on August 7, has been converted
into a full licence exceeding #3m (services and maintenance are additional to
this). The majority of the benefits from this contract, won in conjunction with
IBM, are expected to accrue over the next 24 months.


Enquiries:

The Innovation Group plc      Hassan Sadiq                        01489 898300
                              Chief Executive Officer
                              Paul Smolinski
                              Group Finance Director

KBC Peel Hunt Ltd             Simon Hayes                        020 7418 8900

Weber Shandwick Square Mile   Sara Musgrave                      07736 979 302/ 07884 494 112/ 020 7067 0700
                              Katie Hunt

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