Exit from Nigeria

Costain Group PLC 12 March 2007 Costain Group PLC ('Costain' or the 'Group') Exit from Nigeria Further to the announcement on 30 June 2006 regarding the closure of the Group's International Division, Costain announces that it has sold all its trading activities in Nigeria including its minority interest in Costain (West Africa) PLC, a company listed on the Lagos Stock Exchange, to Shoreline Energy International Limited. The shares were held directly through its Costain Engineering & Construction (Overseas) Limited subsidiary. This represents a complete withdrawal from the Company's operations in Nigeria. Andrew Wyllie, Chief Executive of Costain, said: 'This is further decisive action taken in delivering our Being Number One strategy - the Group's activities in the region are not within our core areas of activity. 'A number of our expatriate staff have moved to Shoreline to continue working on a number of projects there and we wish them every success for the future.' 12 March 2007 Enquiries: Costain Tel: 01628 842 444 Andrew Wyllie, Chief Executive Tony Bickerstaff, Finance Director Graham Read, Public Relations College Hill Tel: 020 7457 2020 Mark Garraway Matthew Gregorowski This information is provided by RNS The company news service from the London Stock Exchange IVFIFLID
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