Press releases

Keller raises $100m through U.S. private placement

15 October 2004

Keller Group plc (“Keller” or the “Group”), the international specialist ground engineering group, announces that it has raised $100m through a private placement with US institutions. The issue of $30m 5.05% notes due 2011 and $70m 5.48% notes due 2014 was completed yesterday. The proceeds will be used to refinance existing debt.

The placement is part of a strategy to refinance the Group’s existing debt on improved terms and to optimise the funding structure to support the Group’s continuing development.

For further information, please contact:

Keller Group plc	www.keller.co.uk
Justin Atkinson, Chief Executive	020 8341 6424
James Hind, Finance Director
Smithfield
Rupert Trefgarne	020 7360 4900