Styles & Wood Group Regulatory News (STY)

25th September 2013

Styles&Wood Group plc

Freetricity appoints Styles&Wood Energy as installer for solar panel financing deal

Styles&Wood Group plc, the integrated property services and project delivery specialist, is pleased to announce that Freetricity, the leading UK solar supplier, has appointed Styles&Wood Energy,the Group's specialist renewable energy division, as the installer for its new financing deal which will fund free residential solar panels on up to 1500 houses a month. The new financing deal is being funded by Macquarie Bank.

Styles&Wood Energy will handle all aspects of site-surveying, specification and installation for the nationwide programme, which expects to generate in excess of 30MW of solar power. The rollout programme, which has recently commenced, is the largest free solar roll-out of its kind in the UK and represents a major boost for the market.

Tony Lenehan, CEO of Styles&Wood, commented:

"This is a significant project for the UK residential solar market and reflects Styles&Wood Energy's growing reputation in the field of renewables installation. This is the largest free solar roll-out of its kind in the UK and we are excited to be part of this leading UK initiative.

"The development of the Group's Renewables division was core to our diversification strategy, and this major project demonstrates that the Group now has the capability to deliver large scale installation programmes on a national basis. We are confident that Styles&Wood Energy is well placed to deliver sustainable profitable work streams and we remain focussed on the continued growth of the division as the demand for alternative energy sources continues to increase across the UK."

- ENDS -

ENQUIRIES:

Notes to Editors

About Styles&Wood Energy

Styles&Wood Energy, a division of Styles&Wood Group plc, provides energy management, efficiency and microgeneration services on a nationwide basis for a broad range of clients in the public and private sectors.