("Maxima" or "the company")

The Board of Maxima Holdings plc (AIM: MXM), the IT business systems and managed services company, today announces that in line with its previous statement to dispose of non-core assets, the disposal of the Document Management Services ("DMS"), Intellect and Microsoft sub-divisions, has been completed to M-Hance Group Limited, for a total gross consideration of £6.8 million, of which £6.5 million has been paid in cash and a further £0.3 million is deferred for 27 months.

The sub-divisions employed 69 people, located primarily in the North West and South of England. All three sub-divisions were components of the Business Solutions division, which operated within Maxima Information Group Limited, a wholly owned subsidiary of the Maxima Holdings Plc Group (the "Group"). For the financial year ended 31 May 2011, they reported combined revenue of £7.2 million and segmental adjusted EBITA (pre-exceptional costs, share based payments, capitalisation of R&D, central overheads and amortisation) of £1.9 million.

The proceeds are being used largely to pay down debt and in part to fund rationalisation of central overheads.

For further information please contact:
Maxima Holdings plc
David Memory, Chief Financial Officer
Tel: +44 (0)1242 211 211
Ian Smith, Executive Chairman
Tel: +44 (0)1242 211 211

Cenkos (Nominated advisor to the Company)
Stephen Keys/Adrian Hargrave
Tel: +44 (0)20 7397 8900

MHP (PR)
Reg Hoare / James White / Vicky Watkins
Tel: +44 (0)20 3128 8100

Notes to Editors:
Maxima (AIM:MXM) is a leading provider of IT business systems and managed services, helping over 1,000 organisations across the UK, Ireland and the USA to increase their productivity, reduce their business costs and streamline their processes. The company's Managed Services, Infrastructure and Applications (MSIA) operations support all aspects of cloud computing delivery, including Infrastructure as a Service, Platform as a Service and Software as a Service capabilities. Core Maxima solutions and services include virtualisation, web connectivity, infrastructure management, IT managed services provision & business intelligence. For more information, please visit www.maxima.co.uk.