Henry Boot Regulatory News (BOOT)

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We concluded the sales of land held under a planning promotion agreement at Buckingham for 700 residential units to Barratt Developments PLC and Bovis Homes Group PLC and an owned site for 50 social housing units at Chesterfield.

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Discussions are in progress regarding sales of three sites (the first two of which are owned) at Rugby, Exeter and Countesthorpe in Leicestershire. It is unlikely that these sales will be concluded before the last quarter of the year but are indicative of the relatively positive land market.

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Infrastructure work has been commissioned and is now well underway at our large mixed use development site at Bridgwater.

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Planning permissions have been obtained at Rugby for a local retail centre and at Exeter for 1,100 houses and associated infrastructure and retail developments.

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New planning applications have been submitted on sites at Market Harborough (1,000 units, 50% part owned, part optioned), Blaby (4,250 units, 25% interest in a planning promotion agreement), Bishopbriggs (51 units, owned), Desford (150 units, optioned) and Nuneaton (326 units, optioned).

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New opportunities have been agreed at St Albans (97 acres, planning promotion agreement) and Evesham (41 acres, option) and we are currently taking several other sites through due diligence and acquisition processes.

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We completed the sale of our retail investment 'Ayr Central' to Sovereign Land and AREA Property Partners for £33.7 million, slightly ahead of the 2010 year end valuation.

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A 'minded to grant' planning permission has been secured for a mixed use development, including a 45,000 sq ft supermarket, on a 23 acre site in Thorne, Doncaster, being redeveloped in conjunction with The Royal Bank of Scotland.

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Tile Giant, part of Travis Perkins, and Quay Plastics, a national plastics manufacturer, have both exchanged contracts to occupy the speculatively built 10,000 sq ft industrial unit located on our retail and industrial development in Rotherham, anchored by B&Q.

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Our business park development at Markham Vale on junction 29A of the M1, undertaken in partnership with Derbyshire County Council, continues to make good progress with the completion of a 15,000 sq ft factory unit, the exchange of contracts for the development of 41,000 sq ft warehouse and office facilities, and a one acre plot sale.

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Completion of the first phase of our supermarket development in Warminster, to relocate the existing business and clear the site prior to the foodstore build for Waitrose, has been successfully achieved on programme.

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Practical completion of a 4,000 sq ft Tesco Express foodstore in Bradford has taken place and terms for the sale of the investment have now been agreed.

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At our motorway service area on the M20 in Kent, we completed the development of an 80 space pre let lorry park and exchanged leases for three unlet retail units.

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Pennine Property Partnership LLP, our partnership with Calderdale & Huddersfield NHS Trust to provide new medical accommodation for the Trust and maximise the value of surplus property assets, has been established. Work is now proceeding on the first joint development, 46,000 sq ft of new flexible office and administration space for the Trust.

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Within the housing sector, we have recently completed 27 new homes for Sheffield City Council and continue to work on social housing refurbishment contracts in North Lincolnshire, Manchester, Nottingham and Doncaster.

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Work has continued in the health sector with contracts for Sheffield Primary Care Trust and a major health care facility for a joint venture between Rotherham MBC and the Rotherham Primary Care Trust.

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Work has also been maintained in the education sector with contracts being undertaken for North East Lincolnshire, Calderdale, Derby, Cheshire and Lancashire Councils. We have also recently commenced work on Westcliffe Primary School at Scunthorpe for North Lincolnshire Council and the Arboretum Primary School for Derby City Council.

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Our Strategic Alliance with the Ministry of Justice continues to provide a healthy stream of prison work with several major opportunities expected to come forward later in the year.

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We have formed a renewable energy division to begin to strategically position the Company for the anticipated growth in this market over the coming years.

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Henry Boot Construction has received a number of prestigious awards in 2011 for its commitment to health and safety, sustainability and the environment and corporate responsibility and excellence. These include:

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A RoSPA Gold Award for the second consecutive year.

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A 'Green Apple Award 2011'. The awards are part of a campaign to find Britain's greenest companies and winners will feature in The Green Book, a leading international work of reference for best practice in green construction.

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Five prestigious National Site Awards under the Considerate Constructors Scheme recognising excellent standards of health and safety and consideration towards the communities within which we work.