JRVS Jarvis

RNS Number:0142G
Jarvis PLC
03 December 2004





       Disposal of Private Finance Initiative ("PFI") bidding operations

Jarvis plc ("Jarvis") announces today that further to the announcement on 12
November 2004 it has reached agreement with HOCHTIEF Developments (UK) Limited
("Hochtief"), a wholly-owned subsidiary of HOCHTIEF AG, to dispose of its
Private Finance Initiative ("PFI") bidding business for a consideration of #1.2
million payable on completion plus deferred consideration of up to #300,000 if
financial close is achieved on two of the existing PFI bids within two months
following completion of the disposal.

The transaction will involve the transfer of approximately 12 employees and the
assumption by Hochtief of two property leases.

The sale proceeds will be applied towards general Jarvis group purposes.

In addition Jarvis has granted to Hochtief an option to take over its rights and
obligations under the facilities management contracts in respect of the Belfast
courts and Irish schools for the sum of one pound. That option is exercisable at
any time up to 16 December 2004.

Enquiries

Jarvis plc 020 7017 8147
Jonathan Haslam

Merlin PR 020 7653 6620
Bridget Fury

Dresdner Kleinwort Wasserstein 020 7623 8000
Michael Covington
David Whiteley

3 December 2004




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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