Interim Management Statement

INTERIM MANAGEMENT STATEMENT

This statement is issued in accordance with the requirements of the Disclosure and Transparency Rules and relates to the period from 1 July 2011 to 23 October 2011. The Company's Half-Year results to 30 June 2011 were announced on 25 August 2011.

Order intake in the period has been at expected levels and in the year to date remains ahead of last year, although the Board remains mindful of the continuing uncertain economic conditions. Sales have also been at the levels expected in the period.

In line with recent years, sales are expected to be heavily weighted to the last quarter. The Board stated on 25 August 2011 that it expected the Group to show progress in the year and since then, with margins on a number of projects expected to show improvement, its expectation of underlying performance for the full year has strengthened further.

There has been no significant change in the financial position of the Group since 30 June 2011.