Statement re ScotRail Franchise

FirstGroup plc Statement re ScotRail Franchise FirstGroup plc today welcomed the Competition Commission's provisional findings which would enable the Company to continue its bid for the new ScotRail franchise without any divestment of Scottish bus operations. First has only just seen the Commission's draft and complex provisional findings and possible remedies and will wish to study them in detail before commenting further. However, we are encouraged that Prof Geroski has indicated that the remedies are most likely to be behavioural rather than structural in nature First has already offered the Commission a number of undertakings and has a meeting scheduled with them to discuss possible remedies further. First hopes that the Company will be able to engage constructively with the Commission to find a workable solution. Contact: Michael Mitchell, Corporate Communications Director Tel: 020 7291 0504 Martin Helm, Public Relations Adviser, on 020 7291 0507 28 April 2004

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