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Carillion sells three PPPs to LS Trillium

18 December 2007

Carillion plc, has agreed terms to sell its equity holdings in three fully operational Public Private Partnership
projects to a secondary market fund, Land Securities Trillium.

The sales are expected to generate cash proceeds of £21.5 million and an exceptional profit of a broadly equal amount. Following the equity sale, Carillion will have 22 financially closed projects in
which it has invested, or has commitments to invest, a total of £171 million. Carillion also has a strong pipeline of preferred bidder and shortlisted projects, which together have a potential equity requirement of up to £93million, in addition to the £171 million already invested in, or committed to, financially closed projects. Beyond that there are continuing opportunities for Carillion to grow its PPP investment portfolio in the UK and Canada, which have major PPP programmes in Carillion's key market sectors.

Subject to satisfying certain conditions attendant on these sales, the transactions are expected to be completed by the end of December. The three projects in which Carillion is selling its equity holdings are the Great Western Hospital, Swindon, Harplands Hospital, North Staffordshire and Glasgow Southern General Hospital (Langlands). Details of these projects can be found on Carillion's website at www.carillionplc.com/privatefinance


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