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Result of General Meeting Relating to the Proposed Disposal of Parsons Brinckerhoff

28 October 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Result of General Meeting Relating to the Proposed Disposal of Parsons Brinckerhoff

Balfour Beatty, the international infrastructure group, announces that the resolution proposed at its General Meeting held earlier today to approve the proposed disposal of Parsons Brinckerhoff to WSP Global Inc. was duly passed by the majority of shareholders with 93% of votes cast in favour.

Completion of the Transaction is expected shortly and a further announcement will be made in due course.

Executive Chairman Steve Marshall said: “This sale represents a significant return on Balfour Beatty’s investment and a compelling level of value creation for shareholders. Balfour Beatty is now a simpler, stronger and more focused business, and with Leo Quinn joining as new CEO in the New Year the business is well positioned for the future as the construction and infrastructure markets develop.”

Voting on the shareholder resolution was by poll and the votes cast are detailed below:

  % For% AgainstTotal Votes Validly CastVotes Withheld

Resolution 1:

 

To approve the Transaction (as described in the Circular and Notice of General Meeting)

93.24% 6.76% 487,254,278 8,168,411

The total number of shares in issue at 6pm on Monday 27 October was 689,505,777 ordinary shares of 50 pence each, each carrying one vote. Percentages above are rounded to two decimal places.

Votes withheld are not a vote in law and have not been counted in the calculation of the votes for and against the resolution, the total votes validly cast or the calculation of the proportion of issued share capital voted.

A copy of the resolution is available for inspection in the Circular relating to the Transaction which is available for viewing on the Company’s websitewww.balfourbeatty.com.

In accordance with paragraph 9.6.18 of the Listing Rules, a copy of the resolution passed at the General Meeting will shortly be submitted to the National Storage Mechanism and will be available for inspection atwww.morningstar.co.uk/uk/nsm.

Terms defined in the Circular have the same meanings when used in this announcement.

 

Enquiries:

Anoop Kang, Head of Investor Relations
+44 (0) 20 7216 6913
anoop.kang@balfourbeatty.com


Patrick Kerr, Director of Corporate Communications
+44 (0) 20 7963 4258
patrick.kerr@balfourbeatty.com
 

Notes to editors

Balfour Beatty

Balfour Beatty (www.balfourbeatty.com) is an international infrastructure group that delivers world class services essential to the development, creation and care of infrastructure assets; from finance and development, through design and project management to construction and maintenance.

Our businesses draw on more than 100 years of experience to deliver the highest levels of quality, safety and technical expertise to our clients principally in the UK and the USA, with developing businesses in Australia, Canada, the Middle East and South East Asia. With proven expertise in delivering infrastructure critical to support communities and society today and in the future, our key market sectors focus on infrastructure - transportation (roads, rail and aviation), power and energy, water, and complex buildings (both commercial and social).

Balfour Beatty employs 40,000 people around the world