Re Two year franchise

National Express Group PLC 13 February 2004 Friday 13 February 2004 National Express Group PLC Two-year franchise extensions signed for Great Northern and Wessex Trains National Express Group ('the Group'), the UK's leading train operator, is pleased to confirm that it has agreed two-year extensions to its Great Northern and Wessex Trains franchises following the completion of negotiations with the Strategic Rail Authority ('SRA'). Both franchises have been extended until March 2006. The Group has been operating Great Northern on a fixed subsidy agreed with the SRA in February 2002 and the franchise has annual passenger revenues of £120 million. Wessex Trains has been operated on a yearly budget since October 2001 and has annual passenger revenues of £35 million. The terms of the franchise remain the same as previous. Great Northern To facilitate the creation of the Greater Anglia franchise, the West Anglia Great Northern franchise has been split with the West Anglia services forming part of the new Greater Anglia franchise and Great Northern services remaining standalone. As part of the Great Northern two-year extension the Group has agreed to maintain the current timetable whilst working with Network Rail to further improve performance across the route. Other commitments will include the introduction of 16 additional Class 365 trains bringing improved customer comfort across key long-distance commuter routes from Peterborough and Cambridge. Wessex Trains The Wessex Trains franchise was disaggregated by the SRA from the former Wales and West franchise and launched as a separate franchise in October 2001. The Group has developed the franchise into an expanding business serving diverse passenger markets incorporating commuters, business, leisure and tourism. Moving forward the new two-year franchise will ensure stability of services and provide the management team with further opportunities to investigate rail partnership funds from which the franchise has significantly benefited since its inception. Phil White, Chief Executive of National Express Group said: 'This is further good news for our trains division. Such extensions provide certainty for all stakeholders as the SRA continues its remapping process. Following today's announcement we will be able to ensure stability of services as well as ongoing operational improvements for the benefit of our customers. 'On Great Northern we look forward to working with the SRA on the creation of the new Thameslink franchise and also on Wessex, which we have been instrumental in growing from a disparate collection of services into an effective and cohesive franchise. We will now be working with the SRA to assist in the creation of the Greater Western franchise.' - ENDS - Notes to Editors • National Express Group PLC acquired the Great Northern franchise as part of its purchase of Prism Rail in September 2000. In February 2001 the SRA extended the Great Northern part of the West Anglia Great Northern franchise from 31 March 2001 to 30 April 2004. Great Northern covers services between London Kings Cross/Moorgate and Peterborough via Stevenage and the Hertford Loop, Cambridge and Kings Lynn. For the duration of the new extension period the franchise will continue to be known as Wagn although West Anglia services will form part of the Greater Anglia franchise from April 2004. • The Wessex Trains franchise was created out of the Wales and West franchise in October 2001. It provides local and long distance rail services in Cornwall, Devon, Somerset, Dorset, Wiltshire, Hampshire and Gloucestershire. For further information, please contact: Nicola Marsden/ Fiona Noblet Group Communications National Express Group PLC 020 7529 2000 This information is provided by RNS The company news service from the London Stock Exchange

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