Jarvis

Jarvis disposed of its interests in the Tube Lines PPP project to Amey, a wholly owned subsidiary of Grupo Ferrovial, the Spanish construction company. The disposal was conditional upon, amongst other things, legally binding documentation for the refinancing of the Group's core financing arrangements being entered into and becoming effective, which was in turn conditional upon legally binding documentation for the funding of the construction contracts for the Group's PFI and UPP projects being entered into and becoming effective.

Canaccord Genuity acted as financial advisor to Jarvis in respect of the disposal of its interests in the Tube Lines project.