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IXEurope Signs GBP31 Million Contract For London4; Extends Paris IXDatacentre and Is Being Recognised in Business Growth Awards

IXEurope Plc (IXEurope, AIM: IXE), Europe's specialist datacentre services company with 14 IXDatacentres across four countries, has signed a £31 million (excluding power) customer contract for datacentre facilities and support services at its London4 IXDatacentre, currently under construction to the west of London. The five year contract, with a global blue-chip enterprise, is for 1,500m2 net datacentre space and services starting in H207 with an additional 1,300m2 in H208. IXEurope's London4 IXDatacentre is near Slough and complements the Group's existing London facilities in the City, Park Royal and West Drayton. This new IXDatacentre will initially deliver 5,000m2 of net datacentre space and could be expanded later by a further 5,000m2 of high specification net space with 24 megawatts of provisioned power. In a seperate announcement IXEurope is also extending its Paris2 IXDatacentre by 1,500m2 net datacentre space following the opening of the facility in January 2007. This new capacity is in response to strong growth of customer demand in Paris. Acquisition and capital expenditure costs for the Paris2 extension will total approximately GBP 4.5 million to be mostly incurred in 2007. Located in St. Denis, Paris2 provides a quality datacentre close to central Paris. IXEurope intends to provide certain customers with access to the extension for installation and testing in Q4 2007. The expansion follows the opening of the 1,700m2 Paris2 IXDatacentre in H107 and the expansion of the Paris1 IXDatacentre by 1,500m2 in H206. Hardly surprising then that IXEurope has been short-listed in the Technology & Innovation Award at the Business XL10 Company of the Year Awards. The Awards are organised by Business XL magazine, which is owned by successful business publisher Vitesse Media, and are designed specifically to reward and recognise the UK's public and private firms with an annual turnover of £10m to £500m. Winners in each category are to be announced at the gala dinner and award ceremony held at Gibson Hall, London on 3rd July 2007.

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