Harbour Revision Order

Stobart Group Limited 13 February 2008 13 February 2008 STOBART GROUP LIMITED ('Stobart Group' or 'the Group') STOBART GROUP GRANTED HARBOUR REVISION ORDER Stobart Group, a leading provider of multi-modal logistics solutions, is pleased to announce that it has today received a Harbour Revision Order (HRO) from the Department of Transport for the Port of Weston. The HRO, which will come into effect on 27 February 2008, allows the Group to commence its planned development of the port into a fully functioning bulk shipping and coastal feeder port. The order also appoints Westlink Holdings Ltd, a wholly owned subsidiary of the Stobart Group, as the statutory port authority for the Port of Weston. The Port of Weston is strategically placed close to the Group's existing O'Connor facility in Widnes enabling full rail integration with the West Coast Mainline as well as the M62 and M56 motorways. The Stobart Group currently operates one of the UK's largest road haulage fleets and a specialist rail freight service. The improvement of the Port of Weston comprises an important step in the Group's strategy of developing a fully integrated multi-modal logistics operation. Andrew Tinkler, Chief Executive of Stobart Group, said: 'The Harbour Revision Order that we have received today, marks an exciting new start for the Port of Weston and the continuation of our stated strategy for the Stobart Group. 'By returning the Port of Weston to a fully functioning port, we will further enhance our range of cost-effective logistics solutions for our customers, whilst helping to reduce carbon emissions and the amount of freight transported around the country's road network.' - ENDS - For further information please contact: Stobart Group Ltd Andrew Tinkler, Chief Executive 01925 605 400 Ben Whawell, Finance Director Lansons Communications: Charlie Field 020 7294 3616 Kim Atkins 020 7566 9728 Notes to Editors Stobart Group Stobart Group was formed in September 2007 through the merger of the iconic haulage firm, Eddie Stobart Ltd, with the Westbury Property Fund Ltd. The merger brought together two companies that see huge commercial and environmental benefits of combining road haulage and storage with rail freight and waterborne transport systems, thereby offering customers a truly integrated transport and logistics solution. Westbury's assets included a port development site in Runcorn, a rail freight operating business and a rail terminal and warehousing business in Widnes. Eddie Stobart has a modern, well-invested fleet of more than 1000 trucks (tractor units) and 1,500 trailers, each christened with its own, unique female name. The combined business also has more than 3 million square feet of storage space across a network of over 29 operating sites (including 10 customer sites) across the UK and one in Belgium as well as its own rail division. Stobart Group has an established portfolio of long-term, big-brand customers, including Tesco, Coca-Cola, Johnson & Johnson and Sara Lee, employing more than 2,400 people across the UK - principally in Carlisle, Daventry, Runcorn, Widnes and Warrington. This information is provided by RNS The company news service from the London Stock Exchange
UK 100