Keller Regulatory News (KLR)

For immediate release 11 February 2015 Keller Group plc ("Keller") Keller announced in July 2014 that an exceptional charge of £30 million was tobe taken as at the 2014 half year in respect of a dispute arising on a projectthat Keller Limited, Keller's UK subsidiary, completed in 2008. Keller todayannounces that it has reached an agreement to settle with the other partiesinvolved in the litigation. The final cost to Keller is dependent on a number of remedial actions to beundertaken as part of the settlement agreement but is not expected to exceed £60 million, before taking account of any yet to be agreed insurance recoveries.The full terms of the settlement agreement are confidential between theparties. As a result, it is expected that Keller will make a further exceptional chargeof between £20 and £30 million in its 2014 full year results. This amount isstated before taking account of future recoveries under applicable insuranceswhich are yet to be agreed, as these cannot be recognised under IFRS. Keller will announce its full year results on Monday 2 March 2015. For further information, please contact: Keller Group plcJustin Atkinson, Chief Executive 020 7616 7575James Hind, Finance Director FinsburyGordon Simpson/Rowley Hudson 020 7251 3801 Notes to Editors: Keller is the world's largest independent ground engineering specialist,providing technically advanced and cost-effective foundation solutions to theconstruction industry. With annual revenue of around £1.6bn, Keller hasapproximately 9,000 staff world-wide. Keller is the clear market leader in North America and Australia; it has primepositions in most established European markets; and a strong profile in manydeveloping markets.