Online Stockmarket Trading Update

A Transfield Services (TSE) joint venture with Degremont and Suez Environnement has secured a new 10 year alliance contract with a new customer, SA Water, worth approximately A$1.1 billion to operate and maintain water and wastewater services for the City of Adelaide and the surrounding metropolitan area.

After the initial term, the contract has a further extension option that will be reviewed and awarded in 12 month increments for up to six years. Transfield Services holds a 50 percent share in the joint venture. In an alliance with SA Water, the joint venture will maintain and operate South Australian water and wastewater treatment plants, water and wastewater network assets providing potable water to over 1.1 million residents in a regional area stretching from Gawler, 50 kilometres north of the city, to Yankalilla, 80 kilometres to the south. It will also be responsible for the delivery of minor capital works that relate directly to the operations of the network and treatment plants.

Transfield Services’ Managing Director and CEO, Peter Goode, said today: “Together with our partners Degremont and Suez Environnement, we are delighted by this significant new contract win and look forward to working with SA Water. This builds on our leading position in the Australian water industry now across five of Australia’s six states, and shows we can leverage our existing delivery of complex, long-term, high value operations, maintenance and engineering services into new work with new clients such as SA Water”.

Transfield Services currently provides water services to the Sydney Water Corporation, the Sydney Catchment Authority, Melbourne Water, Gippsland Water, Goulburn-Murray Water, Northern Victoria Irrigation Renewals Project, Linkwater Queensland, West Australia Water Corporation as well as the Far North District Council in New Zealand under long-term contracts. Transfield Services has a robust pipeline of work developing in oil and gas, power, defence, transport and social infrastructure, providing continuing diversification for the business. Over 85 percent of the Company’s services are delivered under long-term contracts and relationships with key clients. Degremont is a design and build water treatment specialist and a subsidiary of Suez Environnement. Its expertise spans all aspects of water treatment including drinking water production, desalination, wastewater pollution removal, wastewater sludge treatment and recycling It has an international presence in over 70 countries, and has constructed 10,000 water treatment facilities worldwide.

Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia.

www.transfieldservices.com

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