Re Contract

Balfour Beatty PLC 12 April 2006 12 April 2006 BALFOUR BEATTY WINS CONTRACTS IN THE POWER SECTOR TO A TOTAL VALUE OF APPROXIMATELY £400 MILLION ========================== Balfour Beatty plc, the international engineering, construction and services group, announces today that its specialist power engineering arm, Balfour Beatty Power Networks (BBPN), has won contracts to a total value of approximately £400 million in the UK and Australia. Commenting today, Balfour Beatty Chief Executive, Ian Tyler, said: 'These major contract wins demonstrate Balfour Beatty's leading position in the electricity transmission and distribution markets, both in the UK and overseas.' The largest contract is for the development of the overhead transmission infrastructure in Queensland for Powerlink Queensland, in joint venture with United Group Infrastructure of Australia. The four-year contract covers works in the southern area of Queensland and will be worth approximately £40 million per annum. In the UK, BBPN has been awarded a four-year extension to its existing contract as External Service Provider to Central Networks, part of E.ON UK, which runs the electricity distribution network in central England. Under this contract, worth approximately £40 million per annum, BBPN will carry out overhead line and cable works up to and including 33 kV. BBPN has also been awarded three major overhead line refurbishment contracts by National Grid to a total value of over £50 million. Two contracts are the refurbishment of 100 km of 400 kV double circuit overhead transmission line in East Anglia, with a third contract covering similar work in the South East. Western Power Distribution has awarded BBPN a three-year term contract worth approximately £25 million over three years with a possible extension by two further one-year periods for the repair and maintenance work on the underground distribution voltage network in South Wales. ENDS Enquiries to: Tim Sharp Tel: 020 7216 6884 www.balfourbeatty.com Notes to Editors ---------------- 1. Balfour Beatty Power Networks specialises in power transmission and distribution networks for the power supply industry, industrial customers and multi-utility services. The company has the complete capability in the design, supply, construction, refurbishment and maintenance of power and telecommunication networks. 2. BBPN is one of the largest international service organisations of its kind. It has seven UK offices and overseas project offices in Indonesia, the Philippines, Hong Kong and Australia. The company's major customers include Scottish Power, National Grid Transco, PLN and Northern Electric. 3. Balfour Beatty has two PFI street lighting contracts. These are in Sunderland and South Tyneside, with a combined value of £163 million and are already successfully established. 4. Balfour Beatty is a world-class engineering, construction and services group, well positioned in infrastructure markets which offer significant long-term growth potential. Its partnerships with public and private customers generate secure, sustainable income. Its financial position, with significant net cash and with strong operating cash flows, offers continuing flexibility to add additional capacity and expertise to the business mix and to make appropriate investments in PPP and other long-term growth opportunities. This information is provided by RNS The company news service from the London Stock Exchange
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