CSG.L Regulatory News (CSG)

NEWS RELEASE

2nd March 2010

('Cyril Sweett' or the 'Group')

Cyril Sweett enters China with Alliance Agreement with Widnell

JV company Widnell Sweett Limited launched

Cyril Sweett, the international construction and property consultancy, is pleased to announce that it has increased its presence in the fast-growing Asian market through a global Alliance Agreement with Widnell Limited ("Widnell"). Widnell is an independently-owned firm of Chartered Quantity Surveyors and Cost Engineers, with offices in Hong Kong, Beijing, Shanghai, Shenzhen, Chongqing, Guangzhou, Chengdu, Wuhan and Macau.

Cyril Sweett and Widnell will co-operate together to develop business opportunities in the region. The agreement includes the formation of a joint venture company which will trade under the brand name Widnell Sweett Limited.

Under the agreement, Cyril Sweett will provide services on construction and maintenance projects as cost managers, project managers and management consultants. Widnell will provide services in quantity surveying, cost management and cost advice for building and civil engineering projects. Widnell Sweett will target a number of sectors including infrastructure, health, education, commercial and residential - sectors where both companies have strong track records in delivering complex projects successfully.

Dean Webster, Chief Executive Officer at Cyril Sweett, commented:

"We are pleased to have partnered with such a reputable firm as Widnell as they have such a strong market position in the region, particularly China. Their strength in the north of the region, combined with ours in the south and in India, will undoubtedly deliver synergies between the two companies. This alliance is a clear sign of our commitment to our international clients, as well as the Asia Pacific market and it will provide a strong platform for the future growth of the Group."

Kim Berry, Managing Director at Widnell, commented:

"We are delighted to have partnered with such a professional firm as Cyril Sweett. The Chinese market for our services is growing rapidly as construction spending in China is forecast to grow 8.1 percent annually until 2013(1). I am confident that value will be added to both parties in the Alliance."

Widnell's projects in Hong Kong and China include work for clients including Shangri-la Hotels, Tianjin Hyatt Hotel, Henderson China Properties Ltd, Mass Transit Railway, China Air Services, The Hong Kong University of Science and Technology, Hong Kong Government, Shimao Group, China Vanke, Huawei, New World Development, Beijing Oriental Express Hotel Co, Miramar Hotel & Investment Co Ltd and China National Railway Construction.

(1) Research from The Freedonia Group

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Notes to editors

About Cyril Sweett

·; Cyril Sweett is a leading international construction and property consultancy offering expertise in cost consultancy, project management, building surveying and a comprehensive range of specialist consulting services.

·; Cyril Sweett floated on the AIM market of the LSE in October 2007.

·; Founded in 1928, the Group has 29 offices throughout the United Kingdom, and in Australia, France, India, Ireland, Singapore, Spain and the United Arab Emirates.

About Widnell

Widnell is an independently-owned international firm of Chartered Quantity Surveyors and Cost Engineers providing professional services for building developments, civil and infrastructure projects, process and petrochemical installations, interior fit-outs and maintenance work. Widnell's clients include developers, corporations, government departments, institutions, financiers, planning and design consultants and contractors.

Its Hong Kong office was established in 1977 and has since grown to a strength of over 350 personnel with branch offices in Beijing, Shanghai, Shenzhen, Chongqing, Guangzhou, Chengdu, Wuhan and Macau, and associate offices in India, Malaysia, Indonesia, Singapore, Australia, the Middle East, North Africa and Europe. The practice has over 30 years' experience in the region on all types of projects and employs a high proportion of senior professional staff to provide a superior quality of service based on experience and initiative.