Vanco plc announces record Preliminary Results and a 90% increase in US and Asia Sites Managed for year ended January 31, 2007

NEW YORK, NY (April 2007) ¬¬— Vanco, the pioneering Virtual Network Operator (VNO), which manages the communication networks for British Airways, Siemens and Virgin, this morning announced record figures and tremendous global growth:

• Turnover rose 25% to $367.4m (2006: $293.6m)
• Operating profit up 36% to $38.1m (2006: $28.0m)
• New contracts worth $263m signed during the year
• Half of contracts signed since February 2006 outside of Europe
• Sites managed in the US and Asia up by 90 per cent

The strong results were boosted by $263m worth of new contract wins, including Kelly Services (the Fortune 500 recruitment company), Somerfield (the UK supermarket chain), and Lovells (the global law firm). In addition, Vanco has maintained its track record of renewing/extending its existing business. The global Virtual Network Operator secured contract renewals/extensions with Mitsubishi Motors UK, Capespan (the global fruit distributors) and ADT (the world’s leading security solutions supplier).

Vanco is ideally positioned to continue its fast growth. Vanco is targeting and winning increasingly bigger value deals, with significant new customers in the United States, including its largest deal to date. Almost half of the contracts signed since February 1st 2006 have been with companies with headquarters and decision makers outside of Europe, and Vanco has also, this year, increased the number of sites it manages in the region by 90 per cent.

CEO, Allen Timpany, was recently shortlisted for World Communications 'Most Influential Person' Award alongside Steve Jobs of Apple Computer and winner, Eric Schmidt of Google. He was listed 6th in Management Today's Top 100 Entrepreneurs in January 2007.


About Vanco
Established in 1988, Vanco plc (FTSE: VAN) is the pioneering and leading global Virtual Network Operator. Vanco does not own telecoms assets and therefore has the freedom to source infrastructure from the most suitable Asset Based Carriers (ABCs) on a global basis. It provides enterprise clients, directly or through partners, with cost-effective, optimized and fully managed network solutions. Carriers can also extend their off-net reach by accessing, through Vanco, other carrier networks around the world.

With solutions available in 230 countries and territories, Vanco is selected by the world’s largest organizations to provide strategic network solutions. Its clients include Accor Hotels, Avis Europe, British Airways, Ford Motor Company, IBM/Lloyds TSB, Siemens, Pilkington and Virgin Retail.

Through the Vanco network solution clients get access to the greatest geographic coverage available through a single provider. Vanco offers incomparable flexibility to customize and adapt the solution in line with market changes and business priorities.

Vanco is recognized by the industry for its financial success and world class customer service delivery. A significant proportion of its investment capital goes into customer care which is reflected by the awards won, independent market research and client retention.