Interserve Regulatory News (IRV)

22nd March 2013

INTERSERVE TO PROVIDE £50M FM AS CONSORTIUM ACHIEVES FINANCIAL CLOSE ON ALDER HEY CHILDREN'S HOSPITAL

Interserve, the international support services and construction group, is to provide facilities management services worth £50 million in the new Alder Hey children's hospital to be created in Liverpool.

Its consortium with John Laing and Laing O'Rourke has reached financial close on the PFI contract from Alder Hey Children's NHS Foundation Trust; Interserve will provide 20 per cent of the consortium's investment in the project. Laing O'Rourke Construction will design and build the new hospital and Interserve will maintain the hospital infrastructure.

The new hospital will be built next door to the current site. Once the building is constructed the existing Alder Hey will be demolished and turned into a replacement park. The hospital will have 270 beds, including 48 critical-care beds for patients in the intensive-care, high-dependency and burns units. There will be six standard wards, each of which will have two four-bed bays and 24 single rooms. The design will also ensure that the majority of bedrooms have park views and that patients will have easy access to play areas on and outside their ward. There will also be 16 operating theatres, four for day-case surgery and 12 for inpatients. The official opening of the new hospital is planned for Autumn 2015.

Adrian Ringrose, Interserve's Chief Executive, says, "We welcome this opportunity to help Alder Hey realise its ambition of creating what will be one of the finest children's hospitals in the country."

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For further information please contact:

Nigel Charlesworth, Head of Corporate Communications 0118 932 0123

Richard Campbell / Ian Brown, Capital MSL 0207 307 5334

About Interserve

Interserve's vision is to redefine the future for people and places. We are one of the world's foremost support services and construction companies, operating in the public and private sectors in the UK and internationally. We offer advice, design, construction, equipment, facilities management and frontline public services. Interserve is based in the UK and is listed in the FTSE 250 index. We have gross revenue of £2.3 billion and a workforce of over 50,000 people worldwide. Website: www.interserve.com.