IFRS

Babcock International Group PLC 07 July 2005 Babcock International Group PLC Transition to International Financial Reporting Standards Thursday 7 July 2005 Babcock International Group PLC, the support services company, today announces further detail on the impact of International Financial Reporting Standards (' IFRS') on its accounts, following the Group's initial statement in May which identified little overall impact to the Group's reported underlying earnings or earnings per share. The Group will be holding a presentation today for analysts and investors to discuss the impact of IFRS on its accounts. The presentation, along with a supporting paper with detailed appendices, will be available on the Group's website: www.babcock.co.uk. Following on from this announcement any further guidance issued will be based on IFRS. Contact: Bill Tame, Finance Director Franco Martinelli, Financial Controller Babcock International Group PLC Telephone: 020 7291 5000 Andrew Lorenz Rob Gurner Financial Dynamics Telephone: 020 7269 7291 Notes to editors: About Babcock International Group PLC Babcock International Group PLC is an asset management business. We manage fixed infrastructure and mobile assets. Babcock integrates labour, technical capabilities, systems and supply chain partners to meet the outsourcing needs of customers for 'mission-critical' capabilities. In the year to 31 March 2005 sales from continuing business were £760 million. In June 2004 Babcock acquired the Peterhouse Group which brought; Rail, Networks and Health, Safety and Environmental to the Group. The Group operates across five core business segments: Defence Services, supplying facilities management, equipment support and training services to the armed forces. Technical Services, providing engineering and logistical support to both the defence and civil sectors in the UK. Engineering and Plant Services supplying design, installation and maintenance support to the energy sector in Africa and the US. It also holds the Volvo franchise for construction equipment in Southern Africa. Rail, providing design, renewal and installation services for the UK rail infrastructure. Networks, supporting the design, maintenance and renewal of power transmission and cellular telecommunications networks in the UK. Babcock's head office is in London and the Company's shares are quoted on the London Stock Exchange in the support services sector (EPIC:BAB). For further information, please visit Babcock's website at www.babcock.co.uk. This information is provided by RNS The company news service from the London Stock Exchange
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