Partnership with Forth Ports Dundee

Augean PLC

("Augean" or "the Group")

Augean North Sea Services to open specialist Decom Waste Management Hub at the Port of Dundee

Augean plc, one of the UK's leading specialist waste management businesses, is pleased to announce that Augean North Sea Services (ANSS), as part of its strategic development, has today announced it has entered into a partnership with Forth Ports Dundee to establish a state of the art facility in Dundee for the management of waste arising from the decommissioning of offshore equipment. This facility will enhance the opportunity for Augean to service the growing North Sea decommissioning market, a multi-billion pound programme decommissioning hundreds of offshore assets which is expected to be active for over 20 years.

ANSS provides innovative solutions to manage materials derived from North Sea oil & gas exploration, production and decommissioning activities. The business unit is opening a new 25,000 square feet material transfer facility at the Port of Dundee. The facility, opening in early 2017, will enable the port to offer an integrated service to the emerging decommissioning market and will offer best in class infrastructure and operating techniques

The capability offered by ANSS combined with Forth Ports' new ultra-heavy lift decommissioning quayside is a significant milestone in bringing large scale decommissioning to Scotland. The new quayside and facility will be fully operational by the end of 2017 offering an unrivaled decommissioning solution.

Simon Gibb, Managing Director of Augean North Sea Services, said: "We are delighted to be working with the Port of Dundee to provide onshore disposal and waste management services for decommissioning projects at this excellent facility. This is fully in line with our strategy of providing complete waste services for the North Sea and follows successful completion of our first decommissioning projects in 2016."

Charles Hammond, Chief Executive of Forth Ports, said: "This is another significant announcement for the Port of Dundee and we welcome Augean to the port. This new waste management facility, coupled with our multimillion pound investment in a new quayside, is important for the port which is ideally placed to service the immediate needs of the North Sea oil & gas, decommissioning sector. The port's proximity to the skill base in Dundee along with unrivaled land space and quayside strength makes it the logical choice for large scale decommissioning in Scotland."

Dr Stewart Davies, Chief Executive of Augean plc, said "This is an exciting development in our previously announced strategy of positioning Augean North Sea Services for the growing North Sea decommissioning market. This is not expected to have a material impact on the results for the current financial year or 2017."

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