Contract Signed

SHANKS GROUP PLC 4 October 1999 Shanks Signs New MBM Disposal Contract Waste management company Shanks Group plc has successfully concluded previously reported negotiations with the Intervention Board and agreed a new three-year contract, worth £16 million, to destroy a total of 190,000 tonnes of rendered meat and bone meal (MBM) from the Government's precautionary Over Thirty Month Scheme cattle cull. Additional waste-to-energy plant will be installed on the Fawley site, near Southampton, to service the contract which will commence in March 2001. On completion of the contract the plant will be available for other wastes. The existing three-year contract from the Intervention Board - to destroy up to a maximum of 45,000 tonnes of MBM within the existing plant at Fawley - has been extended by three months and now ends in March 2000. For further information contact: John Shaughnessy, Group Head of External Relations, Shanks Group plc, Tel: 01628 524523

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