19 July 2024

Shearwater Group PLC

("Shearwater", or the "Group")

Contract Win and Notice of Results

Brookcourt Solutions signs three-year deal worth $4.8 million

Shearwater Group plc, the cybersecurity, advisory and managed security services group, is pleased to announce that its group company, Brookcourt Solutions ("Brookcourt") has secured a significant three-year contract with a leading British telecommunications company, worth $4.8 million.

Under the terms of the contract, Brookcourt will provide an upgraded Security Operations solution for the longstanding client that provides mobile, fixed telephone, television and internet services in the UK. This contract will improve the organisation's overall security posture and help to mitigate risks, as well as detect security and compliance violations across the client's large network.

Notice of Results and online investor presentation

The Company announces that it expects to publish its final results for the year ended 31 March 2024 on Wednesday 24 July 2024.

Shearwater Group's Chief Executive Officer, Phil Higgins, and Adam Hurst, Interim Chief Financial Officer, will provide an investor presentation relating to the results via the Investor Meet Company platform on Wednesday 24 July 2024 at 10:00 BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 23 July 2024 at 09:00 BST, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Shearwater Group PLC via: https://www.investormeetcompany.com/shearwater-group-plc/register-investor

Phil Higgins, CEO of Shearwater, commented: "We are delighted to continue our partnership with one of the UK's largest Mobile and Telecommunication Operators, forming an integral part of their security programme. This new win exemplifies our ongoing commitment to helping our customers better understand, manage, and reduce their security risks. We are encouraged by the increased visibility of larger sales opportunities, and we remain focused on the conversion of our pipeline."

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About Shearwater Group plc

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG".  For more information, please visit www.shearwatergroup.com.