CSG.L Regulatory News (CSG)

11 November 2014

Sweett Group plc

("Sweett Group", the "Group" or the "Company")

Update

Further to its announcement on 6 November 2014, Sweett Group (AIM: CSG), the international construction and property consultancy, provides the following update regarding the allegations made in the Wall Street Journal in 2013.

As announced on 6 November, the independent investigation commissioned by the Board into the allegations is nearing completion. That independent investigation is separate from the investigation launched by the SFO on 14 July 2014, which is continuing.

That announcement also stated that "The Group continues to cooperate with the SFO". Sweett Group believes that it is doing all that it reasonably can to cooperate with the SFO investigation while at the same time exercising its fundamental right to legal professional privilege in fulfilling its corporate and regulatory requirements. In mid-August 2014, Sweett Group took the decision on legal advice to continue its independent investigation. Consequent to that decision, the SFO no longer considered Sweett Group to be cooperating. The Company will continue to comply with all reasonable requests made by the SFO, subject to legal professional privilege.

ENDS

For further information, call:

About Sweett Group

Sweett Group is a global provider of professional services for the construction and management of building and infrastructure projects.

We have an integrated network of 58 offices in 18 countries across five continents offering cost consulting and project management. Our service supports clients through every stage of the project life cycle based upon our international expertise and local knowledge. Our strength is our people's world-class talent and expertise through which, we have time and again delivered exceptional results. The strategy builds on these key strengths.

A modern, progressive company, Sweett Group sets itself apart through people, culture and aptitude to change. By collaborative practices and innovative thinking - supported at all levels - our clients receive an offering that is constantly evolving and improving in response to project needs.