Re OFT Investigation

Renew Holdings PLC
17 April 2008



Renew Holdings plc
('Renew' or the 'Company')

Re OFT Investigation


Renew notes the announcement today from the Office of Fair Trading ('OFT')
regarding its investigation into tender activities within the construction
sector.

Renew, which announced in June 2007 that one of its subsidiaries (Allenbuild
Limited) had been contacted by the OFT in relation to some historic contract
tenders, has been and remains fully committed to co-operating with the OFT in
its ongoing investigation. Renew notes that Bullock Construction Limited, listed
by the OFT in connection with Renew, was sold by the Company in September 2005.
Renew was unaware of the OFT enquiry into Bullock Construction Limited at the
time of the June 2007 announcement.

Renew will respond to the Statement of Objections in due course.

As previously announced, following the initial notification from the OFT, the
Company conducted a thorough review of the procedures at all of its businesses
and has strict guidelines and controls in place to ensure that all subsidiaries
are in compliance with the Competition Act 1998.


17 April 2008


Enquiries:

Renew Holdings plc
Brian May, Chief Executive                           Tel: [phone]
John Samuel, Group Finance Director

College Hill                                         Tel: [phone]
Mark Garraway





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