Waterman Awarded Public Sector Contract Extension

WATERMAN AWARDED PUBLIC SECTOR CONTRACT EXTENSION

Waterman Group plc ("Waterman" or "the Group"), the engineering and environmental consultancy, is pleased to announce confirmation of a two year extension to its existing partnership term contract with London Borough of Bexley until September 2019.

The appointment is an important part of the long-term regeneration framework of the Borough's growth strategy for its economic, environmental and social regeneration. It will involve the provision of traffic and transportation engineering services, civil engineering, highways and infrastructure, bridgeworks, drainage, principal designers and technical staff secondment.

Over the last twelve months, our team has successfully delivered the replacement of Bexley High Street Bridge, the second stage of Bexleyheath Town Centre Revitalisation on public realm design adjacent to the new Crossrail station at Abbey Wood.

The framework is anticipated to generate annual fees of about £1.7m to Waterman.

Nick Taylor, CEO of Waterman Group states, "We are extremely proud of our continued collaboration with London Borough of Bexley as it enters its 21st year. This is one of many prestigious frameworks in the Public sector which we look forward to developing further."

For information about Waterman's frameworks, please see the Interim Results Investor Presentation on our website, www.watermangroup.com/investors.

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Date: 28 March 2017

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