Brunel International N.V.

Earnings Release • Nov 2, 2010

Press Release

Q3 shows continued growth in Germany, still flat development in The Netherlands and Energy in line with expectations

Amsterdam, 2 November 2010

Brunel International realised a Q3 2010 turnover of € 172 million, down 12% compared to the same period in 2009 and up 2% compared to the second quarter of this year. The gross profit in Q3 2010 amounted to € 37 million versus € 39 million for the same period last year and up from € 34 million in the second quarter of this year.

The EBIT in Q3 2010 is € 8.2 million, a decrease of 30% versus the third quarter of 2009 and up 32% from the second quarter this year.

Brunel International (unaudited)
x € 1 million	Q3 2010	Q3 2009	Change %	YTD Q3 2010	YTD Q3 2009	Change %
Turnover	172.0	196.3	-12.4 %	506.9	562.6	-9.9 %*
Gross Profit	36.7	39.0	-5.9 %	106.4	115.2	7.6 %
Gross margin	21.4 %	19.9 %	1.4	21.0 %	20.5 %	0.5
Other income
EBIT	8.2	11.8	-30.5 %	24.3	35.0	-30.6 %
EBIT %	4.8 %	6.0 %	-1.2	4.8 %	6.2 %	-1.4
* -14.4% at constant currency

Brunel Netherlands realised a turnover of € 31 million in the third quarter, in line with both the same period in 2009 and the second quarter of this year. The positive revenue effect of more working days in Q3 2010 versus Q2 2010 (+7 days) was offset by the holidays. The gross margin improved to 34.4% this quarter, up from 32.5% in the second quarter of this year.

Brunel Germany realised a turnover of € 29 million, an increase of 14% compared to both the same period in 2009 and the second quarter of this year. Germany, also benefited from more working days in Q3 2010, compared to Q2 2010, which has contributed to this improvement. Brunel Germany has increased the gross margin to 38% up from 35% in the second quarter of this year.

Brunel Belgium realised a turnover in Q3 of € 5 million an increase of 4% compared to the same period in 2009. The gross margin is in line with 2009 at 20%.

The Energy division realised a turnover of € 106 million in Q3, a decrease of 21% compared to the same period in 2009 due totally to the Pluto project completion at the end of 2009.

Compared to the second quarter of 2010 both revenue and gross margin (13%) are almost equal.

Jan Arie van Barneveld, CEO of Brunel International: "Brunel performed in line with our expectations for the third quarter of this year. Growth in The Netherlands did not materialise in Q3 but recent developments do indicate limited growth.

Brunel Germany continues to increase turnover while improving the gross margin. Brunel Energy has secured new business in Australia with major projects already started and generating revenue as of the beginning of Q4 2010."

Outlook 2010

The board of directors repeats the expectation that Q4 will realise significant profitable growth in Germany and Energy. In The Netherlands growth will be limited.

Webvideo

A recorded webvideo in which Jan Arie van Barneveld provides comments in relation to this press release is available on www.brunel.net.

	---------------------------------------------------------------------------------------------------------------------------
For further information:
Jan Arie van Barneveld	CEO Brunel International	tel.: +31(0)20 312 50 81
Rob van der Hoek	CFO Brunel International	tel.: +31(0)20 312 50 81

Brunel International N.V. is an international service provider specialised in the flexible deployment of knowledge and capacity in the fields of Engineering, Oil & Gas, Aerospace, Automotive, Rail, ICT, Finance, Legal and Insurance & Banking. Services are provided in the form of Project Management, Secondment and Consultancy. Incorporated in 1975, Brunel has since become a global company with over 7,000 employees and an annual turnover of € 738 million. The company is listed at Euronext Amsterdam N.V. For more information on Brunel International visit our website www.brunel.net.

Certain statements in this document concern prognoses about the future financial condition and the results of operations of Brunel International N.V. as well as plans and objectives. Obviously, such prognoses involve risks and a degree of uncertainty since they concern future events and depend on circumstances that will apply then. Many factors may contribute to the actual results and developments differing from the prognoses made in this document. These factors include general economic conditions, a shortage on the job market, changes in the demand for (flexible) personnel, changes in employment legislation, future currency and interest fluctuations, future takeovers, acquisitions and disposals and the rate of technological developments. These prognoses therefore apply only on the date on which the document was compiled.