Pre Exceptional exceptional items items ( note 4) Total Total 2009 2009 2009 2008 Continuing operations Note £ m £ m £ m £ m Total revenue 4,087.1 - 4,087.1 3,603.1 Less: share of joint ventures' revenue ( 561.5) - ( 561.5) ( 281.0) Revenue 3 3,525.6 - 3,525.6 3,322.1 Cost of sales ( 3,265.9) ( 11.1) ( 3,277.0) ( 3,085.9) Gross profit 259.7 ( 11.1) 248.6 236.2 Administrative expenses ( 213.3) - ( 213.3) ( 175.0) Other operating income 0.6 - 0.6 0.7 Operating profit 5 47.0 ( 11.1) 35.9 61.9 Share of post tax profit of joint ventures and associates 13 62.4 ( 6.0) 56.4 23.3 Profit from operations 109.4 ( 17.1) 92.3 85.2 Net non operating expense 7 ( 2.0) - ( 2.0) ( 0.5) Finance income 8 13.6 - 13.6 13.9 Finance expense 9 ( 18.9) - ( 18.9) ( 17.4) Net financing expense ( 5.3) - ( 5.3) ( 3.5) Profit before tax 102.1 ( 17.1) 85.0 81.2 Income tax expense 10 ( 16.8) - ( 16.8) ( 15.6) Profit for the year 85.3 ( 17.1) 68.2 65.6 Attributable to: Equity holders of the Company 84.1 ( 17.1) 67.0 65.0 Minority interest 25 1.2 - 1.2 0.6 85.3 ( 17.1) 68.2 65.6 The notes on pages 62 to 87 form part of these financial statements. Consolidated income statement for the year ended 31 March 2009

Laing O'Rourke Annual Review 2009 2009 2008 Assets Note £ m £ m Non- current assets Intangible assets 12 312.5 311.2 Investments in joint ventures and associates 13 60.8 26.9 Loans to joint ventures 13 16.1 13.8 Property, plant and equipment 14 304.7 261.9 Investment property 15 18.0 9.5 Deferred tax assets 23 20.4 11.6 Trade and other receivables 20 21.9 10.4 Derivative financial instruments 17 3.0 - Restricted financial assets 18 4.4 3.4 Total non- current assets 761.8 648.7 Current assets Inventories 19 250.6 253.2 Trade and other receivables 20 664.0 505.3 Available- for- sale financial assets 16 9.0 10.5 Derivative financial instruments 17 1.9 0.6 Cash and cash equivalents 614.3 476.5 Total current assets 1,539.8 1,246.1 Total assets 2,301.6 1,894.8 Liabilities Current liabilities Borrowings 21 ( 120.9) ( 62.8) Trade and other payables 22 ( 1,266.1) ( 1,028.5) Current tax liabilities ( 11.5) ( 8.2) Total current liabilities ( 1,398.5) ( 1,099.5) Non- current liabilities Borrowings 21 ( 319.9) ( 277.4) Trade and other payables 22 ( 30.6) ( 40.0) Deferred tax liabilities 23 ( 19.8) ( 13.9) Total non- current liabilities ( 370.3) ( 331.3) Total liabilities ( 1,768.8) ( 1,430.8) Net assets 532.8 464.0 Equity Share capital 24 - - Share premium 24 339.5 339.5 Fair value reserve 25 ( 2.2) ( 0.2) Foreign currency translation reserve 25 24.9 3.3 Retained earnings 25 168.2 120.8 Total equity attributable to equity holders of the Company 530.4 463.4 Minority interest 25 2.4 0.6 Total equity 532.8 464.0 The financial statements were approved by the Board of Directors on 6 July 2009 and were signed on its behalf by: R G O'Rourke C Klerides Director Director The notes on pages 62 to 87 form part of these financial statements. Consolidated balance sheet as at 31 March 2009 Financial statements 58- 59