Cirrus : Wins Major Managed Service Contract

Cirrus Group Market Update

• Correct Communications acquisition delivering immediate results with in excess of $2 million of new orders booked to date
• Consolidated revenue continues to grow with first half FY18 revenue expected to be in excess of $30 million (H1 FY17 $18.7 million)
• Victorian business continues to perform well post acquisition with promising signs in services focused opportunities.

New Managed Service Contract Highlights

• Globally recognised leader in health care sector
• Innovative and cost effective solution across multiple sites
• Significant win for Victorian Office further highlighting the value of the Ngage acquisition

Cirrus Networks Holdings Limited ('Cirrus' or the 'Company') (ASX: CNW) is pleased to announce it has won, through a competitive tender process, a managed service contract with Peter MacCallum Cancer Centre ('Peter Mac').

Innovative and Cost Effective Solution

The contract covers Cirrus managing network services, including IP network carriage and telephony services, across the new Victorian Comprehensive Cancer Centre (VCCC) building in Parkville in central Melbourne, with infrastructure support also extending to Peter Mac's 4 additional campus sites across Melbourne and regional Victoria.

The contract provides for the management of network services to meet performance, business continuity and availability targets and will commence immediately. Cirrus won the tender based on a cost-effective, innovative solution to support day-to-day administration, monitoring and management of the network within specified availability targets.

Speaking about the contract, Cirrus Managing Director Matt Sullivan said:

'Cirrus is delighted to have won this competitive tender through the Victorian team and to work with such a high-quality organisation as Peter Mac. Winning this high-profile, healthcare managed service contract highlights Cirrus' ongoing ability to demonstrate innovative value-based solutions for clients and continues its success in striving to be the market leader in managed services.'

World Leading Organisation

Peter Mac is one of the world's leading cancer research, education and treatment centres and is Australia's only public hospital solely dedicated to caring for people affected by cancer. Peter Mac has over 2,500 staff, including more than 580 laboratory and clinical researchers, all focused on providing better treatments, better care and potential cures for cancer.

In announcing the contract, Peter MacCallum Cancer Centre Director of IMCT Erminia Schiavone said:

'We are delighted to partner with Cirrus to manage the day-to-day operation of our network infrastructure. The network is absolutely critical to the delivery of technology services to Peter Mac, and they have demonstrated an understanding of the requirement to provide onsite and proactive network management in order to deliver reliable, responsive and cost-effective network services to Peter Mac and our building partners. We look forward to a smooth transition and a long and mutually beneficial relationship.'

For further comment and information

Mr Matt Sullivan Mr Matt Green
Managing Director Chief Financial Officer

Tel: (08) 6180 4222
investor@cirrusnetworks.com.au
www.cirrusnetworks.com.au

About Cirrus:
Cirrus Networks Holdings Limited (ASX: CNW) is an innovative IT solutions provider who works with businesses to understand their technological needs and implement world leading solutions that are both cost effective and provide long term operational gain. The diverse reach of Cirrus means the company is able to provide a wide range of solutions including:

• Data Centre and Cloud;
• Convergence;
• Storage;
• Data management (including big data);
• Network design and optimisation;
• Business continuity;
• End usercomputing;
• Unified communications and IP Telephony;
• High quality IT Service Management, Consulting and Project Management services.

Excellent service and an innovative, holistic approach has seen Cirrus quickly grow an extensive base of blue chip clients across industry sectors. The rapid expansion of Cirrus has seen the company receive a number of awards as one of Australia's fastest growing technology companies.

The Cirrus offering was strengthened further in 2015 with the acquisition of Perth-based IT Solutions Provider, L7 Solutions. Since then, an assertive national expansion strategy has enabled Cirrus to establish a robust Eastern states presence with the recent acquisitions of Melbourne based IT Provider, NGage Technology Group and leading Canberra IT services company Correct Communications.