Wakefield Waste PFI Project - Teaming Agreement

22 February 2011

Babcock International Group PLC

Wakefield Waste PFI Project - Teaming Agreement

Babcock International (Babcock) announces it has entered into a teaming agreement with Shanks Waste Management Ltd (Shanks) in respect of the Wakefield Waste Management PFI project. Shanks brings strong and proven waste management experience to the team which will now seek to achieve financial close. The agreement provides a mechanism for Shanks to acquire Babcock's waste business following financial close, which is expected later this year.

Joanne Roney, Chief Executive of Wakefield Metropolitan District Council comments

"We are very pleased that Babcock and Shanks have entered into this agreement and I look forward to working with the team to move the project to financial close".

Enquiries

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Kevin Thomas

Terri Wright

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