Joint Venture

Morgan Sindall PLC 10 July 2007 Morgan Sindall plc Morgan Sindall JV awarded Dorset Emergency Services Partnership Initiative PFI Construction and urban regeneration group Morgan Sindall plc announces that as part of the Partnership for Fire Limited (Pff), a joint venture between Morgan Sindall Investments, Calderpeel Carden Croft and Barclays European Infrastructure Fund, it has achieved financial close on the Dorset Emergency Services Partnership Initiative (DESPI) PFI project. Pff has signed a 25 year project agreement with Dorset Fire Authority and Dorset Police Authority to design, build, finance and operate a number of new fire and emergency services facilities in Dorset. Pff will provide two new fire stations and a new joint police divisional and fire area headquarters in Poole and a second fire service area headquarters in Dorchester. Bluestone (soon to be renamed Morgan Ashurst), Morgan Sindall's construction business, will design and build these new facilities with construction of the accommodation due to start immediately. The anticipated value of construction works is approximately £46 million over two years. Paul Smith, Morgan Sindall's Group Chief Executive said: 'Morgan Sindall is delighted to enter into this strategic partnership with the Dorset Fire and Police Authorities. The DESPI project strengthens our position in the emergency services accommodation market and demonstrates our long term commitment to the sector.' 10 July 2007 Enquiries: Morgan Sindall plc Tel: 020 7307 9200 Paul Smith, Chief Executive David Mulligan, Finance Director College Hill Tel: 020 7457 2020 Matthew Smallwood NOTES TO EDITORS Bluestone is a member of Morgan Sindall plc, the construction and urban regeneration group, which has four specialist divisions of fit-out, construction, infrastructure services and affordable housing. Through a network of local offices in England and Wales, Bluestone provides consistent high quality construction services to private and public sector clients. The company's sector expertise is in education, healthcare, industrial, commercial and retail construction where it undertakes new build and refurbishment projects under a variety of procurement routes. Bluestone also carries out maintenance projects through its special works team. This information is provided by RNS The company news service from the London Stock Exchange
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