SEA - 14th January 2010

Carillion joint venture achieves financial close on Rochdale Building Schools for the Future programme, worth approximately £192 million

The LEP, comprising Rochdale Borough Council, Building Schools for the Future Investments LLP (BSFI) and Carillion, will deliver 13 new or refurbished schools in three phases over a four-year period.

Carillion will carry out the building and refurbishment work for which the capital cost is approximately £180 million, with work due to start this month. Four of the 13 schools will be privately financed by a combination of borrowing and equity. One of these, Hollingworth School, is to be delivered in the first phase, in which Carillion will invest some £2.4 million of equity. Carillion will also invest equity in the other three privately financed schools, in due course. In addition, Carillion expects to provide facilities management services for all four privately financed schools, generating approximately £12 million of revenue over a 25-year concession period.

Commenting, Carillion chief executive, John McDonough, said: "We are delighted to have secured financial close for this major programme and look forward to building a strong and successful relationship with Rochdale, its head teachers and their staff, to provide schools that will enable them to deliver a first-class learning experience for their students, as well as high-quality community facilities.

"This latest success further consolidates Carillion's position as one of the UK's leading suppliers to the Government's £55 billion Building Schools for the Future programme."

Notes to editors

Carillion is one of the UK’s leading support services, Public Private Partnership project and construction companies. The Group has annual revenue of around £5 billion, employs some 50,000 people and operates across the UK, in the Middle East, Canada and the Caribbean.

In the UK, Carillion’s principal market sectors are Defence, Education, Health, Facilities Management & Services, Rail, Roads, Building, Civil Engineering and Utilities Services.

In the Middle East, Carillion’s principal market sectors are Construction and Facilities Management. In Canada and the Caribbean, the Group’s main sectors are Health, Roads Maintenance and Construction.

Carillion has a substantial portfolio of equity investments in Public Private Partnership projects, particularly in the Defence, Education, Health and Transport sectors.

In the inaugural Sunday Times Best Green Companies Awards in May 2008, Carillion secured first place in the category for large and medium-sized companies with high environmental impact and second place overall.

This and other Carillion news releases can be found at www.carillionplc.com

For further information contact

Carillion plc

John Denning, Director Group Corporate Affairs 01902 316426

Finsbury

James Murgatroyd +44 (0) 20 7251 3801

Gordon Simpson