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Balfour Beatty Construction wins £110 million of major new UK building contracts

The company is to design and build the new Higher Education and Further Education Campus for York College in a contract worth £46 million. It has also been appointed by Castlemore Securities to build a new office development in Holborn, London in a contract worth £42 million. In Scotland, it has won a £22 million design and build contract for three Campuses for Pre-12 Education for Glasgow City Council.

Commenting today, Balfour Beatty Chief Executive, Ian Tyler, said:

“These three contract awards further demonstrate Balfour Beatty Construction’s pre-eminent position in the UK major building market. Customers choose Balfour Beatty because of its proven capability in delivering large-scale, complex and high-quality building projects on time and on budget.”

In York, the work will be undertaken at the College’s Sim Balk Lane site. The new college will be the biggest of its kind in the country, involving a four-storey building of some 30,000 square metres, together with a separate nursery, car parking and playing fields. It is due for completion in autumn 2007.

At 40 High Holborn, BBCL will construct 16,600 square metres of office and retail space, with completion due in early spring of 2008. This project follows the successful completion of Castlemore’s £100 million Waverley Gate Development in Edinburgh, for which BBCL carried out the £35 million construction project including the largest listed façade retention in Europe.

In Glasgow, the three new education centres will comprise innovative, environmentally-friendly buildings at St Bartholomew’s in Castlemilk, Dalmarnock Primary in the East End and Crookston Castle Primary. They are scheduled to be completed in the summer of 2007.

Enquiries to:

Tim Sharp
Tel: 020 7216 6884

www.balfourbeatty.com

Notes to Editors

1. Balfour Beatty Construction Ltd has annual sales of approximately £450 million. It is anticipated that its order book will have grown from its current level of about £800 million to in excess of £1 billion by the year end.

2. Balfour Beatty is a world-class engineering, construction and services group, well positioned in infrastructure markets which offer significant growth potential. Its partnerships with public and private customers generate secure, sustainable income. Its financial position, with significant net cash and with strong operating cash flows, offers continuing flexibility to add additional capacity and expertise to the business mix and to make appropriate investments in PPP and other long-term growth opportunities.