Correction : Re Joint Venture

The issuer advises that the announcement released today at 7.00am under PRN
79A7 should have the date 30 April 2002 and not 30 May 2002 as stated in text.

The full text as shown below will remain unchanged.



Tuesday 30 April 2002                           
                                                
Tuesday 30 April 2002                           
                                                
See below                                       

                           Serco Forms Joint Venture                           

             Facilities Management Company with Dubai Government,              

                             United Arab Emirates                              

Serco Group plc ('Serco') today announced the formation of a joint venture
facilities management company with the Jebel Ali Free Zone Authority ('JAFZA')
in Dubai in the United Arab Emirates. The joint venture, which will be known as
Serco Gulf, will deliver a range of engineering and other support services to
JAFZA, the Dubai Port Authority ('DPA') and Dubai Customs, which together
constitute the Dubai Ports Customs and Free Zone Corporation ('PCFC').

The formation of Serco Gulf represents a significant initiative by the PCFC to
improve the quality and efficiency of its support services and to open up new
commercial opportunities. Serco Gulf will deliver the engineering and other
support services to PCFC at Jebel Ali, Port Rashid and other locations in Dubai
under a 10-year contract term, with the total sales revenue to Serco expected
to be over £40 million. It will be one of the first significant
`multi-activity' outsourcing contracts to have been awarded in the Middle East.

Kevin Beeston, Chief Executive of Serco, said:

'Our international strategy continues to provide us with growth opportunities
and this is a significant development for Serco in a progressive and expanding
market-place. With JAFZA as partners we will be able to provide a wider range
of services, not just in Dubai, but also in the UAE and Gulf marketplace. Our
relationship with JAFZA will provide us with greater commercial opportunities,
whilst also providing a platform for PCFC to increase the value of the services
it offers its customers.'

Sultan Ahmed Bin Sulayem, the Executive Chairman of PCFC said:

'The outsourcing of a number of the existing JAFZA, DPA and Customs engineering
support services to Serco Gulf, will facilitate a more integrated and cohesive
approach to their management, increasing the value of the services offered to
PCFC's customers. Furthermore, the diverse and well-established international
experience that Serco brings to this partnership will enable us to rapidly
develop a successful facilities management company that will capitalize on the
increasing opportunities for outsourcing with Government, Industrial and
Commercial customers alike.'

                                   - Ends -                                    

Notes to editors

1. Serco owns 49% and JAFZA 51% of Serco Gulf.

2. Serco is an international provider of management services to government and
industry. The company covers a wide range of activities, from controlling
satellites and operating computer networks for the European space agency, to
managing and operating the Docklands Light railway where Serco was recently
voted national rail Operator of the year. The company employs over 34,000 staff
in more than 35 countries. Serco has provided the UAE and Bahrain governments
with Air Traffic Control and Engineering Services for over 50 years.

3. JAFZA is responsible for the marketing, operation, support and
administration of the Jebel Ali Free Zone, which is home to over 2,200
international and local companies from 97 countries, and covers an area of over
30 sq km. DPA operates two ports in Dubai, with the container port at Jebel Ali
being one of busiest and most important transshipment hubs in the Middle East.
DPA also manages and operates the container ports at Jeddah in Saudi Arabia and
in Djibouti.

For further information please contact Serco Group plc: T: [phone]

Kevin Beeston - Chief Executive

Ben Woodford - Corporate Communications Director

Serco Group, Inc.

20 E Clementon Road, Suite 102 South

Gibbsboro, New Jersey 08026

United States

T [phone]

F [phone]

www.serco.com

Serco Group Pty Limited

Level 10, 90 Arthur Street

North Sydney, NSW 2060

Australia

T [phone]

F [phone]

Serco Group plc

Dolphin House, Windmill Road

Sunbury-on-Thames, Middlesex TW18 7HT

United Kingdom

T [phone]

F [phone]

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