COSTAIN GROUP PLC — M&A Activity 2014

Jun 9, 2014

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RNS Number : 0937J

Costain Group PLC

09 June 2014

Costain Group PLC

("Costain" or "the Group")

Costain wins further Barrow Gas Terminals contract with Centrica Energy

Costain, one of the UK's leading engineering solutions providers, is pleased to announce that it has won a contract with Centrica Energy for the provision of Engineering Procurement and Construction (EPC) services as part of Centrica Energy's Barrow Gas Terminals Project. The Barrow Terminals Project represents a total investment of £84m by Centrica Energy.

At Barrow, gas is processed from the North and South Morecambe and surrounding fields in the East Irish Sea. The terminals project, which is scheduled to complete in Q4 2015, enables increased asset utilisation, provides compliance with future environmental requirements and supports field life extension within the East Irish Sea. Costain initially provided Centrica Energy with a Front End Engineering Design (FEED) review in relation to the project at the Barrow onshore terminals, and is now looking forward to supporting the customer through to full onsite implementation.

Andrew Wyllie, Chief Executive of Costain, commented:

"The Barrow Gas Terminals provide enough gas to meet the demand for 1.5 million homes in the UK and are key to securing the nation's future energy needs. Having previously provided Centrica Energy with front end consultancy for the terminals project, we are now delighted to build on our five-year collaboration with the company with this further contract."

9 June 2014

Enquiries:

Costain	Tel: 01628 842 444
Andrew Wyllie, Chief Executive
Tony Bickerstaff, Finance Director
Graham Read, Communications Director
Instinctif Partners	Tel: 020 7457 2020
Mark Garraway
Helen Tarbet

This information is provided by RNS

The company news service from the London Stock Exchange

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