£65 million Hull BSF contract treble (0809L)

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RNS Number : 0809L

Morgan Sindall Group PLC

26 July 2011

Morgan Sindall awarded GBP65 million Hull BSF contract treble

Morgan Sindall Group plc, the construction and regeneration group, today announces that Morgan Sindall, its construction and infrastructure division, has secured three further contracts, worth a total of GBP65 million, from Hull City Council's Building Schools for the Future (BSF) programme.

The three new-build contracts comprise Kingswood College of Arts, Oakfield Special Needs School and Andrew Marvell Business and Enterprise College. Work on all three projects is scheduled to complete by January 2013.

In March last year, Morgan Sindall was awarded the first two new-build contracts, worth GBP71 million, from this programme. Work on these schools is set to be completed in time for the start of the new school year.

The contracts follow the Hull Esteem Consortium, a partnership consisting of Morgan Sindall Investments (MSIL), Robertson Capital Projects and Hull-based Sewell Group, reaching financial close on this latest phase of the BSF programme.

The Hull Esteem Consortium together with Hull City Council and Partnership for Schools, form a Local Education Partnership (LEP) which provides project and operational management and new project development services, ensuring the BSF programme is delivered on time and on budget.

MSIL will invest equity and sub debt of GBP2.5 million into the second phase of schools, taking its investment so far in the Hull BSF programme to GBP5 million.

Paul Smith, Chief Executive of Morgan Sindall Group plc, said:

"Morgan Sindall has a leading position in the education sector and a growing reputation for exceptional project delivery. We look forward to furthering our relationship with Hull City Council while working on these latest projects."

ENDS

Notes to Editors:

Morgan Sindall Group

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of over GBP2 billion and which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.

Morgan Sindall

Morgan Sindall is a UK construction, infrastructure and design business with a network of local offices. The company works for private and public sector customers on projects from GBP50,000 to over GBP500 million. Activities range from small works and repair and maintenance, to the design and delivery of complex construction and engineering projects where it is able to provide specialist design, tunnelling, utilities, building, civil engineering and mechanical and electrical services. The company operates across the commercial, defence, education, energy, healthcare, industrial, leisure, retail, transport, waste and water sectors. Morgan Sindall is part of Morgan Sindall Group plc, a leading UK construction and regeneration group with revenue of over GBP2 billion and which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.

ENQUIRIES:

Morgan Sindall Group plc Tel: 020 7307 9200

Paul Smith, Chief Executive

David Mulligan, Finance Director

Blythe Weigh Communications Tel: 020 7138 3204

Tim Blythe Mobile: 07816 924626

Paul Weigh Mobile: 07989 129658

This information is provided by RNS

The company news service from the London Stock Exchange

END

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