Interserve Regulatory News (IRV)

News Release

28 June, 2016

INTERSERVE AWARDED £60 MILLION FACILITIES SERVICES CONTRACT WITH JLL

Interserve, the international support services and construction group, has been awarded a facilities management services contract worth £60 million over its initial three year term1 with commercial and residential property services company JLL.

Interserve will provide integrated facilities services at 18 shopping centres managed by JLL across the UK. Over 300 people will TUPE transfer to Interserve to deliver cleaning, security, customer services, pest control, window cleaning and electronic security system maintenance.

The account also includes the provision of standalone cleaning services for a number of JLL's offices across central London, worth approximately £9.5 million per annum.

Services will be delivered using Interserve's LEAN model, which focuses on improving service delivery and maximising cost savings by implementing new innovations across the business. Interserve's commitment to innovation and its long-term relationship with JLL were key factors in the awarding of the contract.

Duncan Cross, Retail Management, operations director at JLL, said:

"We've successfully worked with Interserve for a number of years and feel the awarding of our integrated package is a very positive step for our portfolio. Interserve's combination of innovative technology, and 'one-team' ethos, underpinned by their dedicated shopping centre operation, will allow us to implement our change programme to maintain JLL at the forefront of shopping centre management."

Adrian Ringrose, Chief Executive at Interserve, said:

"We have a proven track record of delivering exceptional standards of service at the shopping centres and offices where we work - and doing so cost-effectively, thanks to our LEAN approach and our integration expertise.

"We have a strong relationship with JLL having provided a range of facilities management solutions to them for many years. We look forward to helping JLL create the best possible experience for visitors and employees at their nationwide shopping centres and workplaces across the capital."

Interserve is one of the leading providers of facilities services to the retail sector and manages services at 60 shopping centres across the UK. The company has a dedicated shopping centre team that self-delivers many services to clients across the sector.

[1] In addition to which there is potential for a two year extension period.

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For further information please contact:

Rhys Jones, Group PR Manager, Interserve +44 (0) 118 9602285

Michael Kinirons, CNC Communications +44 (0) 203 219 8816

About Interserve

Interserve is one of the world's foremost support services and construction companies. Our vision is to redefine the future for people and places. Everything we do is shaped by our core values. We are a successful, growing, international business: a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. Headquartered in the UK and FTSE listed, we have gross revenues of £3.6 billion and a workforce of circa 80,000 people worldwide.

www.interserve.com

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