AUG.L Regulatory News (AUG)

20 April 2016

Augean plc

("Augean" or "the Group")

New contracts

Augean, one of the UK's leading specialist waste management businesses, is pleased to announce that it has entered into several new contracts with an existing customer to treat and dispose of air pollution control residues (APCR).

As stated in the Group's recent preliminary results, growth in the volume of APCR treated by the Group's Energy and Construction business remains a key strategic objective in the short and medium term. These new contracts, which were awarded following a competitive tender process, are delivering on that objective and include the retention of an estimated annual tonnage of 24,000 tonnes and an additional annual tonnage of 25,000 tonnes, of which 13,000 tonnes will be incremental in the financial year ending 31 December 2016.

The contracts terminate no earlier than 31 March 2019, with the customer having the option to extend the contracts for up to two further years beyond that date.

Stewart Davies, Chief Executive, commented:

"We are delighted to be awarded these contracts, which align with a key strategic aim of the Group to expand our contracted revenue base in growth markets with our specialist hazardous waste services. The growth in APCR volumes brought by the new contracts will help the Group to continue development of its services to this competitive and growing market, and underpins existing management expectations."

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