Contract Announcement

RNS Number : 4072J

Costain Group PLC

30 June 2011

Costain Group PLC

("Costain")

Costain Awarded Reading Station Contract

Costain, one of the UK's leading construction and engineering solutions providers, is pleased to announce that, in joint venture with Hochtief, the Company has been awarded a contract to redevelop Reading Station.

The contract, which is worth approximately £80m, is one of the largest that will be awarded as part of Network Rail's £850m project to transform Reading's railway system. It will see five new platforms constructed at Reading, as well as a new footbridge linking platforms to new entrance buildings on the north and south side of the station. This will relieve congestion on the Great Western Main Line and will mean that passengers no longer have to wait outside the station for a platform to become available.

Andrew Wyllie, Chief Executive of Costain, commented:

"We are delighted to have been awarded this contract which demonstrates our broad range of capabilities in the rail sector. We look forward to working with Network Rail to deliver the major redevelopment of Reading Station, which will significantly enhance the railway system."

30 June 2011