ATK.L Regulatory News (ATK)

Atkins reaches agreement on actuarial pension plan valuation

WS Atkins plc ("Atkins" or the "Group"), the design, engineering and project management consultancy, announces today that it has reached agreement with the Trustee of the Atkins Pension Plan with respect to the 2016 triennial actuarial funding valuation and associated recovery plan.

At 31 March 2016 the valuation shows a funding deficit of £318 million.

A level of company contributions has been agreed over a repayment plan period to March 2025, consistent with the 2013 repayment plan. The Group will pay £34.5 million in the financial year to 31 March 2018, with payments in the following years escalating at 2.5% per annum.

Ends

A copy of this announcement will be available at www.atkinsglobal.co.uk/investor-relations.

Enquiries

Notes to editors

Atkins (www.atkinsglobal.com) is one of the world's most respected design, engineering and project management consultancies, employing some 18,300 people across the UK, North America, Middle East, Asia Pacific and Europe. We build long term trusted partnerships to create a world where lives are enriched through the implementation of our ideas. You can view Atkins' recent projects on our website.

Cautionary Statement

This announcement has been prepared for the shareholders of Atkins as a whole and its sole purpose and use is to assist shareholders to exercise their governance rights. In particular, this announcement has not been audited or otherwise independently verified and no warranty is given as to its accuracy or completeness (other than any such warranty which is mandatorily implied by statute). Atkins and its directors and employees are not responsible for any other purpose or use or to any other person in relation to this announcement and their responsibility to shareholders shall be limited to that which is imposed by statute.

This announcement contains indications of likely future developments and other forward looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and business segments in which the Group operates. These and other factors could adversely affect the Group's results, strategy and prospects. Forward looking statements involve risks, uncertainties and assumptions. They relate to events and/or depend on circumstances in the future which could cause actual results and outcomes to differ materially from those currently expected. No obligation is assumed to update any forward looking statements, whether as a result of new information, future events or otherwise. Nothing in this announcement should be construed as a profit forecast.