Globo plc ("Globo" or the "Company"; LSE-AIM: GBO), a leader in the Information and Communications Technology market in Greece, announces that it has signed contracts with the Chambers of Commerce of Lakonia, Argolida and Viotia for an aggregate value of Euro1.02 million.

Globo will develop specialised business web portals as well as B2B and B2C e- commerce platforms. These web portals and platforms will act as e-business centres enabling members to find business information and seek potential collaborations, as well as facilitating online transactions. The platforms will incorporate Globo software products, such as "CITRON Business Operating System" and "MarketLine E-Commerce Suite", with extensions to the Chambers' backoffice systems being provided by "SGA - G. Avramidis" (a specialised software company from Thessalonica) and representing 20 per cent of the total value of the contracts.

These are one year projects with the bulk of the revenues being earned in 2008.

Costis Papadimitrakopoulos, Managing Director, commented:

"Globo's success in winning these significant contracts reflects the company's expertise and leading role in developing specialised software platforms for E- Business and E-Commerce. By enabling local enterprises and SMEs to utilise the advantages offered by Globo's software products, we believe that these projects will contribute to the economic development of the regions concerned."

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CONTACTS

Globo plc
Costis Papadimitrakopoulos, Managing Director +30 210-646-6008
Dimitris Gryparis, Finance Director +30 210-646-6008
Bankside +44 20-7367-8888

Simon Bloomfield or Steve Liebmann

NCB Stockbrokers Limited (Nomad & Broker) +44 20-7071-5200

Christopher Caldwell or Jonathan Gray

About Globo

Found in 1997 by Konstantinos Papadimitrakopoulos and headquartered in Halandri (a suburb of Athens), AIM-listed Globo has established itself as one of the market leaders in the Greek ICT market. It provides e-business and telecom software products and related services to the private and governmental sectors in Greece as well as developing and operating broadband wired and wireless networks. It has developed to become one of the largest e-business software vendors in Greece.

The three components of the Globo Group's key software revenue stream are outlined below:

PRODUCTS AND SERVICES THAT FACILITATE E-BUSINESS; PRODUCTS AND SERVICES THAT ENABLE ACCESS TO BROADBAND; AND RESALE OF THIRD-PARTY GOODS

The first two of these product groups, the e-business and broadband access, are offered under a software licence or as S.a.a.S.

Globo's products are used by private and public organisations that include more than 600 corporate and SME clients and more than 60 public sector clients. They are also sold through 14 value added resellers to a large number of indirect customers. Globo's direct private sector customers include Xerox, National Bank of Greece, Velti, Group Marinopoulos and the University of Brighton.

Globo's public sector customers in Greece include the Ministry of Foreign Affairs, the Ministry of National Education and Religious Affairs, the Municipalities of Halandri and of Maroussi and the Hellenic parliament.

Globo's e-Business platform, as well as its e-Commerce and broadband access technology products have been successfully marketed and operated in Greece, UK, Ireland, France, Belgium, Cyprus, Romania, Bulgaria, Spain and Italy.

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