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RNS Number : 9259N
Mortice Limited
21 June 2010 
 
21 June 2010 
 
MORTICE LIMITED 
 
("Mortice" or the "Company") 
 
Update on Trading and Contract Wins 
 
Mortice Limited, (AIM:MORT), the AIM listed, Indian based, security and facilities management company, is pleased to
announce that in the period commencing 1 January 2010 to date, the Company has won 76 new contracts across its
subsidiaries, Peregrine Guarding Private Limited ("Peregrine"), Tenon Property Services Limited ("Tenon") and Rotopower
Projects Private Limited ("Rotopower"), collectively worth GBP 3.05 million (INR 209 million*) per annum. 
 
Peregrine 
 
Peregrine, the Company's security services subsidiary, has won 58 new contracts worth GBP 1.66 million (INR 114 million*)
per year for the provision of security services in India. This further illustrates Peregrine's ability to deliver high
service standards across diverse sectors including hospitality, retail, financial services, energy, media, manufacturing,
IT/ITES and business process outsourcing. Peregrine's key clients include four major financial institutions, an
international automobile brand and one of India's leading commercial real estate developers. 
 
Tenon 
 
Tenon, the Company's facilities management arm, has been awarded 9 new contracts worth GBP 1.07 million (INR 73 million*)
per year. Under these contracts Tenon will be providing facilities services for clients including a leading commercial real
estate firm, a medical services provider, an international automobile manufacturing company, two IT service companies and
two leading telecom service providers. The Director's believe that the high levels of service provided to Tenon's
customers, along with its ability to ensure provision of high standard of facilities across India, including in remote
locations, has resulted in this growth in new business. 
 
Rotopower 
 
Rotopower, a facilities management company based in Delhi, was acquired by the Company on 22 June 2009. In the period under
review, Rotopower was awarded 9 contracts valued at GBP 325,985  (INR 22 million*) per year for delivery of technical and
other facilities services. Rotopower's new clients include a major financial institution and two leading telecom service
providers. 
 
Manjit Rajain, Executive Chairman, commented: 
 
"The traction in this period has shown that markets are looking up and the Indian economy is beginning to display signs of
recovery from the recessionary slumber. We have always maintained that the Company will be a key beneficiary of the
resurgence in the markets and our success rate is beginning to prove this expectation. In our endeavor to build a national
service delivery platform for extended reach, we have witnessed the rise in exciting new contracts with innovative service
structures and capability requirements. " 
 
*Exchange rate of 1 GBP = INR 68.47 as of 17 June 2010 (Source - www.xe.com) 
 
For further information please contact: 
 
 Mortice Ltd                                                            
 Manjit Rajain, Executive Chairman               Tel: +91 981 800 0011  
 Vaibhav Dayal, Chief Executive Officer          Tel: +91 981 867 0003  
                                                                        
 Grant Thornton Corporate Finance (NOMAD)                               
 Fiona Owen / Robert Beenstock                   Tel: +44 207 383 5100  
                                                                        
 Seymour Pierce Ltd (Broker)                                            
 Nandita Sahgal/Paul Jewell/Jeremy Stephenson    Tel: +44 207 107 8000  
                                                                        
                                                                        
                                                                        
 
 
Note to Editors 
 
Mortice Limited, the India based security and facilities management company incorporated in Singapore, listed on AIM in May
2008. It is the holding company of Peregrine Guarding Private Limited (Peregrine), Tenon Property Services Private Limited
(Tenon)(together referred to as the "Group")and Rotopower Projects Private Limited, an Indian Facilities Management based
in Delhi, which was acquired by the Group in June 2009. 
 
Peregrine has been providing security services in India for 15 years, establishing a client base of all over India and
developing a strong pan-India presence providing manned guarding in the process. Peregrine had opened 16 branches in 28
Indian states and has clients in a range of sectors including ITES, manufacturing, pharmaceutical, banking and healthcare. 
 
Tenon and Rotopower together constitute the facilities management service offering of Mortice to the market. Tenon, the
facilities management arm of Mortice, was established to provide superior quality facilities management services. Tenon
today operates in 19 Indian states and serves clients across India with a comprehensive and sophisticated service offering
to the market. 
 
Rotopower was established 15 years ago and now serves in 28 states/union territories in India. It provides a range of
facilities management services that include mechanical and electrical maintenance services, annual maintenance contracts
and housekeeping services to a wide range of customers. Rotopower also provides services to telecom tower companies for the
maintenance and running of electrical equipment. 
 
This information is provided by RNS
The company news service from the London Stock Exchange