Significant Contract Wins

RNS Number:0816F
Costain Group PLC
10 November 2004


Costain Group PLC

Costain announces significant contract wins


Costain announces that is has won a number of significant contracts including
the prestigious award of the renovation of St Martin-in-the Fields in Trafalgar
Square.


Renovation of St Martin-in-the-Fields in Trafalgar Square


Costain has been awarded the contract for the renovation of one of London's most
famous sites.


The Company is undertaking a construction contract worth #22.5 million (total
project value #34 million) to restore and redevelop St Martin-in-the-Fields in
Trafalgar Square. The contract includes major renovation of the Grade 1 listed
James Gibbs Church, both its interior finishes and exterior fabric, including
the commercial/retail facilities at Crypt level.  Other important works will
include the refurbishment of the Nash designed North Range terrace adjacent to
the church.


The contract, with St Martin-in-the-Fields Building Renewal Project Ltd., also
involves demolition of existing below-ground burial vaults and creation of new
underground spaces to provide room for mechanical and electrical plant and high
quality facilities for the congregation and commercial activities including
extensive structural works of both temporary and permanent nature in the
formation of underground spaces and the retention of adjacent retained areas.
The contract is being procured through a two-stage traditional procurement
route.


Completion of the project is due in July 2007.


PalaceXchange Development at Enfield, North London


In Enfield, North London, Costain will be responsible for the PalaceXchange
Development  worth approximately #29 million.


The contract will provide 14,800m(2) of new retail space in 23 shop units and up
to 6,038m(2) of leisure and cultural venues.  Almost 60% of the retail space
available has already been let.


Completion of the scheme is scheduled for 2006.


Warehouse/Production unit at Rothley Lodge, Leicestershire


At Rothley Lodge, Leicestershire, Costain will manage the design and
construction of a single storey Warehouse/Production Unit together with
two-storey office accommodation. The contract is worth nearly #17 million and
completion is due in September 2005.




Stuart Doughty, Chief Executive of Costain, said:


"We are delighted to have won these contracts.  The St Martin-in-the Fields
contract will see Costain working on one of the best-known sites in London.
These contracts are also recognition of the breadth and scope of Costain's
capabilities in the built environment."



                                                                10 November 2004





Enquiries:

Costain Group PLC               01628 842 444      g.read@costain.com
Graham Read, Public Relations

College Hill                    020 7457 2020      mark.garraway@collegehill.com
Mark Garraway






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