Interserve Regulatory News (IRV)

INTERSERVE-LED CONSORTIUM SELECTED FOR £85 MILLION DURHAM UNIVERSITY PROJECT

An Interserve-led consortium has been selected for an £85 million project by Durham University to finance, design, build and operate two new colleges in Durham City.

The consortium, made up of Interserve, fund and asset management firm Equitix and on-campus student accommodation developer and operator, Campus Living Villages UK (CLV), will finance, build and operate the two new facilities for up to 50 years.

Interserve's construction division will design and build the two new residential facilities, which will have up to 1,000 student bed spaces, plus associated academic and social college spaces on a University-owned area of land just to the south of the city. Interserve will also design and build a University hub building on the same site, comprising student facilities and administrative space.

Debbie White, Interserve's chief executive, said:

"Interserve has an extensive portfolio of student accommodation projects, which demonstrates the strength and capability of our teams working in partnership with clients in the further education sector. We look forward to building on our 15-year relationship with Durham University by starting work on this exciting project, following the opening of the Interserve-built Ogden Centre for Fundamental Physics in March.

At Interserve we are committed to investing in the communities in which we work and we will be continuing to engage with local suppliers as well as creating local job opportunities."

Jane Robinson, Chief Operating Officer, Durham University, said:

"Our ambitious University Strategy, 2017-2027 aims to ensure we continue to deliver world-class research, education and wider student experience. The development of two new colleges at Mount Oswald is a key project in delivering a wider student experience as good as anywhere in the world. We are very pleased to be working with the consortium to deliver this project."

Facilities management services will be provided by CLV, while tenancy management, academic and pastoral activities will remain the responsibility of the University.

Space will be provided for John Snow College, which is relocating from the University's Queen's Campus in Stockton-on-Tees, and a new 17th college.

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For further information about Interserve, please contact:

Rhys Jones 01189 60 2285Group Head of PR, Interserve rhys.1.jones@interserve.com

Matthew Thomlinson 0203 219 8818CNC Communications matthew.Thomlinson@cnc-communications.com

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 £3.7 billion and a workforce of circa 80,000 people worldwide.

Website: www.interserve.comFor Interserve news follow: @interservenews

About Durham University

- A world top 100 university with a global reputation and performance in research and education (QS 2018 and THE World University Rankings 2018) https://www.dur.ac.uk/about/rankings

- In the Guardian University Guide 2018 and the 2017 Times and Sunday Times Good University Guide, Durham was ranked fourth in the UK

- A member of the Russell Group of leading research-intensive UK universities

- Research at Durham shapes local, national and international agendas, and directly informs the teaching of our students

- Ranked 34 globally for the employability of its students by blue-chip companies world-wide (QS World University Rankings 2018)

- Highest rate of employment and further study in the UK for undergraduates completing their first degree (Higher Education Statistics Agency 2017/18)