Acquisitions

Keller Group PLC 1 August 2000 KELLER GROUP MAKES TWO US ACQUISITIONS FOR A TOTAL CONSIDERATION OF £6.6m Keller Group plc ('Keller'), the global construction services group, announces today that it has acquired two businesses in the United States for a total cash consideration of £6.6m, including deferred purchase consideration, but excluding debt of £1.4m discharged on completion. These acquisitions further strengthen Keller's market position in North America. FSI Keller has acquired the assets of Foundation Services Inc. ('FSI'), a US regional market leader in earth retention, piling, grouting and mini-piles, based in Greensboro, North Carolina. The acquisition of FSI, which had sales of $7m in 1999 and which will trade as the Foundation Services Division of Hayward Baker Inc., will greatly improve the geographical coverage of the southern states of North America. The value of the net assets to be acquired is $2.4m. TCDI In addition, Keller has acquired the shares of TCDI Inc. and Geotechnical Modifications Inc., (together 'TCDI'). TCDI is a Chicago based specialist provider of grouting, earth retention anchors and a range of geotechnical products. TCDI was founded more than a decade ago to offer grouting services to the greater Chicago area and reported sales of nearly $7m in 1999. The acquisition of TCDI will provide a valuable mid-west base for Keller's US operations and give greater access to the important metropolitan Chicago market. The value of the net assets to be acquired is $1.9m. Commenting on the acquisitions, Tom Dobson, Chief Executive of Keller, said: 'These acquisitions meet our objective of expansion by acquiring leaders in local US markets in order to bring us closer to our customers. I am confident that these acquisitions will be integrated quickly into the existing business and significantly enhance the services and opportunities Keller can offer in the United States.' For further information, please contact: Tom Dobson, Chief Executive Keller Group plc 020 8341 6424 Justin Atkinson, Finance Director Keller Group plc 020 8341 6424 Stephanie Highett / Nick Lambert GCI Financial 020 7398 0800

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Keller Group (KLR)
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