Morgan Sindall Group Regulatory News (MGNS)

10 November 2014

Morgan Sindall Group plc

Morgan Sindall Group plc secures appointment on £5 billion Highways Agency Collaborative Delivery Framework

Morgan Sindall Group plc, the construction and regeneration group, today announces that its construction and infrastructure division, Morgan Sindall plc, has been appointed by the Highways Agency on the largest ever framework for the improvement of England's motorways and major A roads.

Morgan Sindall plc, in joint venture, has been selected alongside four other contractors to deliver large scale strategic improvements to England's roads on schemes valued between £100m and £450m, in Lot 3b of the Collaborative Delivery Framework. The framework is estimated to be worth up to £150m per annum to the joint venture.

The Framework, which will run for four years with the potential to extend to six years, provides a cost effective way for the Highways Agency to procure up to £5bn of investment in England's motorways and major A roads over the next five years.

Graham Dalton, Highways Agency Chief Executive said:

"This framework is the largest we have ever awarded. It will allow the Agency to deliver large scale improvements to England's strategic roads, enabling economic growth across the country.

"It is not just the scale of this framework that is important, but the way it is designed to bring the Agency, designers and contractors together in one large collaborative team. We expect to deliver this major investment programme efficiently, speedily, and with real effort to minimise disruption to road users while we build."

John Morgan, Chief Executive, Morgan Sindall Group plc said:

"We are delighted to have been selected by the Highways Agency for such a large-scale framework contract that will significantly transform England's roads. Our appointment is a notable development for Morgan Sindall plc, as we continue to deliver complex, high-quality construction projects."

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Editor's notes:

About Morgan Sindall Group

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of over £2 billion and which operates through five divisions of construction and infrastructure, fit out, affordable housing, urban regeneration and investments.

Contact:

Morgan Sindall Group 020 7307 9200

John Morgan, Chief Executive

Steve Crummett, Finance Director

Brunswick 0207 404 5959

Nina Coad

Alison Kay