TIDMBBY

RNS Number : 8336X

Balfour Beatty PLC

23 December 2019

News Release

23 December 2019

ABERDEEN WESTERN PERIPHERAL ROUTE CLAIM

The Aberdeen Roads Limited joint venture is in advanced discussions with the client regarding a settlement to resolve its claim on the construction of the Aberdeen Western Peripheral Route (AWPR).

A conclusion to these advanced discussions would result in Balfour Beatty receiving around GBP32 million as part of the settlement with no material change to the Group's balance sheet position. Any settlement would remain subject to usual consents and approvals of all interested stakeholders.

Balfour Beatty continues to expect profit from operations for the year ended 31 December 2019 to be in line with the Trading Update provided on 12 December 2019.

ENDS

Analyst/investor enquiries:

Angus Barry

Tel. +44 (0)7966 281635

angus.barry@balfourbeatty.com

Media enquiries:

Louise McCulloch

Tel. +44 (0)7814 693057

louise.mcculloch@balfourbeatty.com

Notes to editors:

-- Balfour Beatty (www.balfourbeatty.com) is a leading international infrastructure group. With 26,000 employees, we provide innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. We finance, develop, build and maintain complex infrastructure such as transportation, power and utility systems, social and commercial buildings.

-- Our main geographies are the UK, US and Hong Kong. Over the last 100 years we have created iconic buildings and infrastructure all over the world including the London Olympics' Aquatic Centre, Hong Kong's first Zero Carbon building, the National Museum of the Marine Corps in the US and the Channel Tunnel Rail Link.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

December 23, 2019 06:10 ET (11:10 GMT)

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