Keller Regulatory News (KLR)

For immediate release 30 July 2014 Keller Group plc ("Keller" or the "Group") Keller Group plc announces that it is to make a £30 million exceptional chargein its 2014 half year results in respect of a dispute arising on a project thatKeller's UK subsidiary, Keller Limited, completed in 2008. The dispute relates to purported defects in a floor slab at a warehouse forwhich Keller Limited undertook the design and construction of the piling. Thesepurported defects are alleged by other parties to be due, in part at least, todeficiencies in the provision of Keller's services. The claims intimated against Keller Limited, which are currently the subject oflitigation, are denied and being vigorously defended. However, the Board hasdetermined that, given the uncertainties inherent in any litigation, it wouldbe appropriate to record an exceptional charge of £30 million in the Group's2014 half year results. The amount is stated before taking account ofrecoveries under applicable insurances which are yet to be agreed, as thesecannot be recognised under IFRS. The Group will update the market on futuredevelopments when necessary. Keller will announce its half-year results on Monday 4 August 2014. For further information, please contact: Keller Group plc www.keller.co.ukJustin Atkinson, Chief Executive 020 7616 7575James Hind, Finance Director FinsburyGordon Simpson 020 7251 3801Rowley Hudson 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, Australia and SouthernAfrica; it has prime positions in most established European markets; and astrong profile in many developing markets.