Hastie Group Secures 2 New Contracts Valued at $38 million

July 1st, 2009

Hastie Group Limited (HST), the leading international building services and refrigeration systems group, today announced that its Rotary business has secured two contracts in the United Kingdom with a combined value of approximately £19 million (A$38 million). Both contracts are for mechanical, electrical and public health services. One of these contracts, valued at A$30 million, is for the new vocational College of Westminster in London which is being funded by the UK government’s Building Schools for the Future program. Work is due to be completed in September 2010. The second contract, valued at A$8 million and due for completion in February 2010, is for the office tower at Media City, a A$2 billion development at Salford, Lancashire which has been planned as a new home for the BBC, media-based universities and other media organisations.

‘These two prestigious contracts confirm Rotary’s strong market position and ability to continue to win high quality public and private sector work in the UK, despite the economic down-turn,’ said Mr. David Harris, Group Managing Director and CEO of Hastie. ‘Hastie remains focused on organic growth for all its operations in Australasia, the UK and Ireland, and the Middle East. Our experience and track record in completing specialist healthcare, education and other infrastructure projects place us in a strong position to continue to win work flowing from government economic stimulus packages.’

Hastie Group Limited is the leading commercial and industrial air conditioning, mechanical, electrical, hydraulics and refrigeration group with well established operations in Australasia, UK and Ireland, and the Middle East. The group operates under brands which are well recognised in their markets, and customers include many of the largest construction companies, shopping centre groups, industrial corporations and facility managers.

www.hastiegroup.com.au


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