Gleeson a preferred bidder

Gleeson(M J)Group PLC 04 February 2003 GLEESON CONSORTIUM A PREFERRED BIDDER FOR £1.8 BILLION SCOTTISH WATER PROJECT Scottish Water has announced that the Stirling Water Consortium, comprising M J Gleeson Group plc, Thames Water, KBR and Alfred McAlpine, is one of the two preferred bidders who will jointly negotiate the next stage of its £1.8 billion Asset Delivery Programme of investment to be carried out over four years. A total of 17 expressions of interest were initially received and, following several stages of assessment, the number of consortia was reduced from ten to five to three and finally to two. Scottish Water has stated that it is hoped that a contract can be concluded by 1 April 2003. This latest achievement for Gleeson, the UK market leader in Civil Engineering for the water sector, follows a number of substantial successes, most notably the Equip and Trident partnering schemes, worth a combined £230 million, with Thames Water. At 1 January 2003, the forward order book of Gleeson's Construction Services business exceeded £700 million, of which £440 million related to relatively low risk partnership agreements. Dermot Gleeson, Executive Chairman, stated 'This latest success in the sphere of water-related civil engineering - an area in which Gleeson leads the market - is a splendid birthday present to mark the Company's centenary.' Enquiries: M J Gleeson Group plc 020-8644 4321 Dermot Gleeson - Executive Chairman David Eyre - Group Managing Director Bankside Consultants Limited Charles Ponsonby 020-7444 4166 This information is provided by RNS The company news service from the London Stock Exchange

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MJ Gleeson (GLE)
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