Keller Regulatory News (KLR)

For immediate release 20 April 2012

KELLER BOARD CHANGE

Keller Group plc ("Keller" or "the Company"), the international ground engineering specialist, announces that at its forthcoming Annual General Meeting, Mr Pedro López Jiménez will be standing down as a Non-executive Director, after more than nine years on the Board.

Mr López Jiménez is Chairman of Dragados, S.A., Non-executive Director of Hochtief Aktiengesellschaft and Executive Board Member of ACS Actividades de Construcción y Servicios, S.A. He is also Chairman of GTCEISU Construcción, S.A. ("GTCEISU"), which is a 49% shareholder in Keller-Terra S.L. in Spain. Keller's relationship with GTCEISU, as its joint venture partner in Keller-Terra, will not be affected by Mr López Jiménez's retirement from the Board.

In light of his decision to stand down, the resolution to re-elect Mr López Jiménez as a Director at the 2012 Annual General Meeting, as set out in the notice of that meeting, will be withdrawn.

Commenting today, Mr Roy Franklin, Chairman of Keller, said:

"Over the years, Pedro has brought to the Board exceptional knowledge and experience of our niche sector of the construction industry. Together with his international perspective and creative approach, this has enabled him to play a significant role in helping to develop the Group.

"On behalf of myself and my colleagues on the Board, I would like to take this opportunity to thank Pedro for the important contribution he has made to our business over these years and to wish him well in all his future plans."

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Note to Editors

Keller is the world's largest independent ground engineering specialist, providing technically advanced and cost-effective foundation solutions to the construction industry. With annual revenue in 2011 of £1.15bn, Keller has over 6,000 staff world-wide.

Keller is the market leader in the US, Australia and Poland; it has prime positions in most established European markets; and a strong profile in many developing markets. 

On 9 March 2012, the Board of Keller announced that GTCEISU Construccion S.A. ("GTCEISU") had sold 3,691,985 ordinary shares in the Company, representing in aggregate approximately 5.7% per cent of the Company's total issued share capital.

GTCEISU acquired its stake in Keller in 2002 as part of the joint venture arrangements entered into upon creation of Keller-Terra S.L., Keller's subsidiary in Spain. It announced that GTCEISU would use the proceeds of the placing to continue the development of its own international business.

Keller's 2012 AGM will be held on 18 May 2012 at the offices of RBS, 250 Bishopsgate, London EC2M 4AA.