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Gammon awarded contract for redevelopment of Hennessy Centre in Hong Kong

Balfour Beatty, the international engineering, construction, services and investment Group, announces today that Gammon Construction, its joint venture company in South East Asia, has been awarded a contract in excess of HK$1.5 billion (£120 million) by Hysan Development Company Limited (Hysan) for the redevelopment of the Hennessy Centre in the Causeway Bay district of Hong Kong.

Commenting on the contract award today, Balfour Beatty Chief Executive, Ian Tyler said;

"We are delighted to have been selected by Hysan and to be involved with this landmark project. Gammon's advanced technological standards and expertise in building construction are key factors in the contract award."

Construction of the project, a 36-storey mixed retail and office development featuring a four-level car park and retail basement located in one of the most vibrant commercial and entertainment districts of Hong Kong, will be completed in 2011.

The Hennessy Centre redevelopment is the first Hong Kong building project that has achieved pre-certification of the highest Platinum level under the U.S. Green Building Council's (USGBC) Leadership in Energy and Environmental Design (LEED) and will set an example as an environmentally-friendly building in the community.

ENDS

Analyst/media enquiries:

Duncan Murray
Balfour Beatty plc
Tel 020 7216 6865

www.balfourbeatty.com

Notes to Editors:

1. Gammon Construction is 50% owned by Balfour Beatty and 50% by Jardine Matheson, the major Asian trading and manufacturing group. Gammon is Hong Kong's largest and most successful contractor with over 2,000 employees.
   
   
2. Gammon's recent significant projects include the £400 million (HK $4.94 billion) Tamar Development Project in joint venture with Hip Hing Construction for the design and construction of the new Central Government Complex for Hong Kong, the £100 million Gammon Capital Institute of Technical Education PPP project in Singapore, the £190 million Hong Kong-Shenzhen Western Corridor (Hong Kong section), the £149 million Deep Bay Link Northern Section, the £128 million Nam Wan Tunnel, the £40 million Landmark renovation and the £94 million Mandarin Oriental renovation.
   
   
3. Balfour Beatty is a world-class engineering, construction, services and investment business, well-positioned in infrastructure markets which offer significant long-term growth. We work in partnership with sophisticated customers who value the highest levels of quality, safety and technical expertise. Our skills are applied in appropriate combinations to meet individual customer needs.