SOURCE: Service Point Solutions, S.A.

September 25, 2007 03:59 ET

Service Point takes out a EUR 100mn loan to fuel its growth

BARCELONA, SPAIN--(Marketwire - September 25, 2007) - -The bank syndicate led by Lloyds TSB Bank PLC has increased the size of Service Point's syndicated loan by EUR 40mn to EUR 100mn, while also lengthening the maturity

- This move underscores the financial community's confidence in SPS following strong results

- This new financing brings total resources available to fund organic and M&A led growth to EUR 80mn, increasing the company's operating flexibility

Barcelona 25 September 2007- Service Point Solutions, S.A (SPS.MC) has signed an agreement to extend the syndicated loan led by Lloyds TSB Bank PLC by EUR 40mn, bringing the total principal to EUR 100mn. The maturity of the loan was extended by one year to five years (2011), with the option to extend it for an additional year (2012).

This agreement underscores the financial community's confidence in the company's strategy and its ability to execute this strategy. As a testament to this confidence, the new agreement includes syndicate members such as Lloyds TSB Bank PLC and GE Finance (General Electric).

Market confidence in Service Point Solutions is underpinned by:

(i) Strong earnings momentum since 2005. In 1H07, revenues were up 82 yoy. At EUR 4.5mn, first half net profit was equivalent to profit for all of 2006,

(ii) Balance sheet strength, reinforced by the EUR 54.3mn capital increase (oversubscribed by 57.1%) undertaken in February 2007, and

(iii) The positive outlook for the sector and Service Point over the short and medium term.

The additional funds will be used to fund the company's organic and M&A-led growth. The loan extension brings the company's available resources to EUR 80mn. In addition, the loan structure and longer maturity enhances Service Point's operating flexibility as it entails a simplification of the covenants imposed on the company.

According to Rafael López-Aparicio, CEO of SPS, "This additional EUR 40mn loan grant is a further demonstration of the confidence placed by the lending community in a business model such as Service Point's, characterised by recurring revenues and balance sheet strength, and in the company spearheading the consolidation of this growth sector, all the more against the backdrop of the current credit crunch".

Service Point Solutions ( provides digital reprographics and document management services to the AEC (architects, engineers and construction), manufacturing, public and services sectors. It employs over 2,500 people across 6 countries (the UK, US, Spain, Germany, Holland and Norway) via a network of 112 service points worldwide and 714 facilities management and OSS (onsite services) programs. SPS is headquartered in Spain and listed on the Spanish stock exchanges.

|For more information:    |  |
|Service Point Solutions  |  |
|S.A.                     |  |
|Cori Pellicer            |  |
|coripellicer@servicepoint|  |
|.net                     |  |
|Tel +34 93 5082400       |  |
|Fax +34 93 5082442       |  |
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