Serco Regulatory News (SRP)

Serco wins rebid at Acacia prison in Western Australia worth up to £790m

17 December 2020

Serco Group plc

LEI: 549300PT2CIHYN5GWJ21

Serco Group plc ('Serco' or 'the Group'), the international service company, through its Australian subsidiary, today announces that it has signed a contract to deliver prison services at Acacia Prison for the Government of Western Australia for up to 15 years. The initial 5-year period has an estimated value of A$445m or approximately £250m. The contract has provision for two further 5-year extensions with potential value to Serco over the full 15 years, including indexation, of approximately A$1.4bn (£790m).

The new contract will commence in May 2021, and transition will start immediately. Serco has managed operations at the prison, which is Western Australia's largest prison and the second largest in Australia, since 2006. The largest prison in Australia, Clarence Correctional Centre in New South Wales, is also managed by Serco. This new contract was awarded after an open tender process and for the first time also includes Facilities Maintenance.

Rupert Soames, Serco Group Chief Executive, said: "Acacia prison has been operated successfully by Serco for 15 years and we are delighted that the Government of Western Australia has selected us to continue to support them. I am very proud of the work we have done there, including overseeing several expansions. Our drive for operational excellence, focusing on rehabilitation and reintegration, is central to our work at Acacia, and the new contract will allow us to introduce technology to enhance safety, as well as programs and partnerships, to help the State achieve its policy of reduced reoffending whilst keeping the community safe."

Ends

For further information please contact:

Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or email: paul.checketts@serco.com

Marcus De Ville, Head of Media Relations, tel: +44 (0) 7738 898 550 or email: marcus.deville@serco.com

About Serco

Serco is a leading provider of public services. Our customers are governments or others operating in the public sector. We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East. More information can be found at www.serco.com

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