ZUTEC SIGNS CONTRACT FOR U.K. INFRASTRUCTURE PROJECT

Zutec Holding AB (publ) (“Zutec") today announced that it has signed a contract with a joint venture in relation to the HS2. HS2 is a new high speed railway linking up London, the Midlands and the North, serving eight of Britain’s 10 largest cities.

The five-year contract is worth ca £2.0m with the first year’s contract revenue amounting to ca £0.9m. The contract involves cloud-based software licensing and implementation services.

“We are proud to be part of this prestigious project in the U.K. and it’s a clear testament to Zutec’s products and capabilities”, says Gustave Geisendorf, CEO of Zutec.

For more information, please contact:

Gustave Geisendorf, CEO at Zutec, gustave.geisendorf@zutec.com, +353 1 201 3565

This information is information that Zutec Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16.30 CET on 8 May, 2020.

About Zutec 

Zutec is a niche provider of cloud-based construction management software with offices in Dublin, London and Melbourne.

Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).