RNS Number:6193M
Peterhouse Group PLC
23 June 2003


Immediate Release                                                   23 June 2003



                              PETERHOUSE GROUP PLC

                             TRACK RENEWAL CONTRACT


Peterhouse Group plc, ("Peterhouse"),a leading provider of infrastructure
services principally to the telecommunications, power and rail industries, is
pleased to announce that it has been appointed, by Network Rail, as preferred
bidder for the National Track Renewal Plain Line contract for Scotland and the
North West.

The contract is expected to be worth approximately #250 million over five years,
commencing in April 2004.

David Jackson, Chairman of Peterhouse, commented :

"At the time of our AGM we announced that Network Rail had entered into
exclusive negotiations with Peterhouse for the extension of our maintenance
contracts in Scotland. Today's announcement increases our market share in track
renewals and endorses our commitment to developing our rail business. It
demonstrates Peterhouse's ability to deliver in a highly competitive
marketplace."


For further information, please contact:

Peterhouse Group plc                                              01422 374 757
Alan Robertson, Chief Executive

Buchanan Communications                                           020 7466 5000
Tim Anderson / Isabel Petre



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