("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 Business and Assets of its Integrated Business Systems ("IBS") sub-division, has been completed for a total gross consideration of £1.6 million, of which £1.4 million has been paid in cash and a further £0.2 million is deferred, pending renewal of certain annuity contracts.

IBS was a sub-division within the Business Solutions division, operated within Maxima Information Group Limited, a wholly owned subsidiary of the Maxima Holdings Plc Group (the "Group"), and specialises in the maintenance of ERP solutions to manufacturing companies. The working capital of the sub-division at completion will accrue to the Group, including monies paid in advance for annual contracts, estimated at £0.5 million. There is also provision in the sale agreement for a refund of up to £0.2 million should Maxima Information Group Limited cease to be a wholly owned subsidiary of the Company.

The IBS sub-division employed 10 employees, located principally in the North West of England. For the financial year ended 31 May 2011, it reported revenue of £1.7m and segmental adjusted EBITA (pre-exceptional costs, share based payments and amortisation) of £0.6m.  Its net asset value in the Group's accounts at 31 May 2011 was £1.3m. The financial impact of the sale on the Group will be finalised and reported in the Group's half year results announcement expected in February 2012 and the cash received will be used to repay part of the Company's banking facilities.

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 Business Solutions and 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, and comprehensive Microsoft Dynamics AX ERP and CRM business solutions. For more information, please visit www.maxima.co.uk.

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