Settlement of Litigation

Augean plc

("Augean" or "the Group")

Settlement of Litigation

Augean, one of the UK's leading specialist waste management businesses, announces that it has now reached a settlement agreement in relation to litigation it has been involved in with the previous owners ofHiTech Limited, a business that Augean acquired during 2008.

In respect of the litigation, on 12 September 2014 the High Court of Justice in London issued a judgment which:

· Upheld the claim of Augean against the Defendants at an amount of in the region of £840,000

· Ordered the Defendants to pay a proportion of legal costs of Augean, that proportion estimated, at that time, at an amount in the region of £600,000, subject to assessment if not agreed.

Augean has now agreed a total amount, with the Defendants, of £1.6million in full and final settlement of the court award, including costs and interest.

After the deduction of Augean's remaining legal costs of £0.4million, the net cash inflow to Augean is £1.2million, expected to be received by the Group on or around 11 December 2014.

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