COST Costain Group Plc

    RNS Number : 1907D
  Costain Group PLC
  11 September 2008
   

    COSTAIN GROUP PLC
    ("Costain")

    Costain secures �80 million retail contract for ParkWay, Newbury 

    Costain is pleased to announce that it has been awarded an �80 million contract by Standard Life Investments to construct a new high
quality retail led mixed use development in Parkway, Newbury, West Berkshire. 

    The contract is part of an extensive regeneration project for the town centre and is expected to be completed in 2010.

    The works, which are due to start on 29 September 2008, comprise the demolition of existing buildings and the construction of a major
mixed use retail development that will significantly enhance Newbury town centre. The contract will also see the construction of a two level
basement car park and new linkages between Northbrook Street and Victoria Street at ground level.

    Andrew Wyllie, Chief Executive of Costain, said: 

    "This contract is further evidence of our targeted strategy delivering important major new contracts, and we are delighted to add
Standard Life Investments to our growing list of blue-chip customers."

    11 September 2008


 ENQUIRIES:

 Costain Group PLC              Tel: 01628 842 444
 Graham Read, Public Relations

 College Hill                   Tel: 020 7457 2020
 Mark Garraway    
 Adam Aljewicz


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