Re Agreement

Compass Group PLC
14 January 2002



                                                             14th January 2002

                  CHEVRONTEXACO AND COMPASS ANNOUNCE
               LARGEST AGREEMENT IN CATERING INDUSTRY HISTORY


SAN FRANCISCO and LONDON -- ChevronTexaco Corp. and Compass Group today
announced finalization of a 10-year 'Preferred Supplier' agreement believed to
be the largest ever negotiated in the catering industry.

The agreement, valued initially at more than $200 million a year, covers
catering and facilities management for most ChevronTexaco facilities, offshore
platforms, refineries and office locations worldwide.

A Compass subsidiary, Eurest Support Services (ESS), will begin expanding
significantly its current business with ChevronTexaco later this quarter at the
ChevronTexaco-affiliated Tengiz Field in Kazakhstan when it assumes operation
of four food facilities that prepare more than 10,000 meals a day, as well as
building maintenance, transportation and other janitorial and office services.
ESS will use Kazakh-sourced food products and goods as well as Kazakh
subcontractors to a maximum extent.

The agreement anticipates that in the next two years most operations of
ChevronTexaco in North America, Latin America, Australasia, Middle East, Asia,
Europe, Eurasia and Africa will come under the scope of the 'Preferred
Supplier' agreement, sharply reducing the current number of vendors. Compass
will make widespread use of local suppliers in support of ChevronTexaco's
pledge to maintain partnerships in communities where it operates.

Helmut Porkert, Chief Procurement Officer of ChevronTexaco said : 'We expect to
maintain or enhance quality standards and locally-sourced content while saving
at least $20 million a year compared with current spending. This is another
step in our company's efforts to buy smarter in support of our company goals of
operational excellence and capital stewardship.'

Michael J Bailey, chief executive, Compass Group, said: 'We are delighted to
secure such a prestigious and extensive agreement with one of the world's
leading companies, thereby significantly strengthening our position as the
global leader in the provision of services in the Remote Site and Offshore
market sectors. We welcome ChevronTexaco to our ever-growing portfolio of multi-
national clients, which include world leaders like IBM, Philips and American
Express. This historic agreement reinforces our confidence in the Group's
ability to meet our stated sales growth target of 6 percent to 9 percent for
the current year.'

Peter R Harris, chief executive, ESS, stated: 'Key to this major success, is
the strategic partnering approach to business common to both ChevronTexaco and
Eurest Support Services. Whilst ESS was already the clear market leader prior
to this important gain, this agreement creates unprecedented growth potential
in markets of particular importance to ESS and Compass. Our belief is that by
being 'best-in-class' and by partnering with 'best-in-class' companies such as
ChevronTexaco, ESS will continue to grow in this significant and exciting
sector.'

Harris said the award of 'Preferred Supplier' status to ESS was based not only
upon his company's demonstrable global and regional experience and capability,
but also the close cultural fit and similarity of strategic approach between
ChevronTexaco and ESS to such important issues as:
    - the promotion of local employment and development of local businesses;
    - the delivery of operational excellence;
    - the care for and management of Health, Safety and the Environment;
    - financial stability and performance.



Enquiries:
Timothy Grey                 Brunswick Group                 Tel: [phone]
Simon Sporborg                                               Tel: [phone]


Notes to editors

1. Compass Group: Compass Group is the world's largest foodservice company
   employing over 270,000 people in over 90 countries and with annual revenues
   in excess of £9bn. Compass Group provides catering for clients including
   major employers, educational establishments, hospitals, leisure venues,
   retail locations and at major airports and stations throughout USA, Europe,
   and developing markets in Asia and South America. It operates through
   sector-specific subsidiaries such as Eurest, the world's largest specialist
   in providing foodservice to business and industry clients, and Select
   Service Partner, the European market leader in foodservice at airport
   restaurants And rail stations. Further information on the Group can be
   found at www.compass-group.com

2. Chevron Texaco: Based in San Francisco, ChevronTexaco Corp. is the second-
   largest U.S-based energy company and the fifth largest in the world, based
   on market capitalisation. More than 53,000 ChevronTexaco employees work in
   approximately 180 countries around the world, producing oil and natural gas
   and marketing fuels and other energy products.