Contract Wins

Costain Group PLC 20 January 2003 COSTAIN GROUP PLC Contract Wins Costain, the international engineering and construction group, announces a number of contract wins since the beginning of the year. The Costain Group ('Costain' or 'The Group') announces that it has won a number of contracts in the Healthcare and Infrastructure sectors since the beginning of the year. The Group has been awarded the £28 million civil engineering contract for the extension of the Port of Felixstowe's Trinity Terminal for Hutchison Port Holdings. Costain will extend the terminal quay a further 270 metres, as well as dredge the channel approach to 14.5 metres deep continuous with the extension and alongside the berth to 15 metres deep. It will also provide an additional 15 hectares of additional container storage space. The project is expected to commence in mid-February, 2003. In London, Costain has been awarded contracts totalling approximately £20 million. These include a contract for £8 million from The London NHS Trust to refurbish the West Wing at St Bartholomew's Hospital in the City, due for completion in May 2004. This is the first development in creating a specialist cancer and cardiac centre on the site. Additional projects include the refurbishment of a number of Job Centres for the Department of Work and Pensions and the Department of Social Security, with an approximate value of £8 million, and the new Postgraduate Centre for the London Metropolitan University. Commenting on the contracts, Stuart Doughty, Chief Executive, said: 'We are delighted to have started the year with such high quality projects of exactly the type the Group is looking to win. The repeat project at Felixstowe reflects the strong relationships we have with our clients, while St Bartholomew's is a further strengthening of our presence in the Healthcare sector, an area we have identified as core to the Group's development.' 20 January 2003 ENQUIRIES: Costain Group PLC Tel: 01628 842 444 Graham Read, Public Relations Email: graham.read@costain.com College Hill Tel: 020 7457 2020 Matthew Gregorowski Email: matthew.gregorowski@collegehill.com This information is provided by RNS The company news service from the London Stock Exchange
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