Jarvis - Extension of Working Capital Facility

Jarvis plc ("the Group") is pleased to announce the extension of its existing loan facility with Burdale Financial Limited, a subsidiary of Bank of Ireland, and Bank of America N.A. until 31 January 2011.

The total asset backed loan facility has been reduced to £50m from £60m as a result of this extension as the facility is secured on the Group's assets, including receivables, which have reduced due to the anticipated lower workloads as previously announced. This is not expected to have any material impact on actual liquidity. The Group's cost of debt will increase by 0.35% as a result of the extension.

The Group will publish its financial results for the year ended 31 March 2009 on 14 July 2009.

Executive Chairman Steven Norris said: "We are delighted to have been able to agree the extension of our working capital facility. It is particularly pleasing to have reached this agreement despite the current difficult debt markets and we appreciate the continuing support of our bankers."

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