AGM Statement

Morgan Sindall PLC 25 April 2006 Morgan Sindall plc ('the Group') AGM statement John Morgan, Executive Chairman of Morgan Sindall plc, will make the following comments at the Company's Annual General Meeting to be held at 12pm today. 'In February we again announced record results for the past year and commented that we entered 2006 with confidence. Since then our view has not changed and all our key markets continue to have a positive outlook. Fit Out is performing strongly in a growing market place that is being driven by the expansion of the financial services sector. As a result the division's order book has further improved since the year end. Construction continues to secure new contracts in its chosen sectors of health, education, light industrial and property services. The division's order book has been maintained at year end levels. Following a difficult period for the civil engineering market, Infrastructure Services has in the first four months of the year secured a number of key contracts worth £265m. The division's result this year will be weighted to the second half since these contracts will take time to mobilise. This supports our view that the market is seeing signs of improvement. In March we announced the acquisition of a building and civil engineering infrastructure specialist for £23million. This has been named Morgan Est Rail and opens up a new market for the division in the rail sector. The business is targeting non-track building works and will work closely with the division's existing tunneling expertise. Affordable Housing continues to perform strongly and the outlook remains positive with a number of large scale projects being pursued. The division has been successful in gaining partner status with the Housing Corporation, which opens up further opportunities in the sector in the longer term. Overall the Group is performing in line with expectations. The outlook for our businesses in their chosen markets is positive, and we look forward to reporting on further progress later in the year.' 25 April 2006 Enquiries: Morgan Sindall plc Tel: 020 7307 9200 John Morgan, Executive Chairman Paul Smith, Chief Executive David Mulligan, Finance Director College Hill Tel: 020 7457 2020 Alex Walters Matthew Smallwood This information is provided by RNS The company news service from the London Stock Exchange
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