Laing O'Rourke Annual Review 2009 Financial statements 66- 67 Middle East Europe and South Asia Australasia Total Group 2009 2009 2009 2009 £ m £ m £ m £ m Performance by geography: Total revenue 2,532.8 828.7 725.6 4,087.1 Less: Share of joint ventures' and associates revenue ( 53.0) ( 357.6) ( 150.9) ( 561.5) Revenue 2,479.8 471.1 574.7 3,525.6 Profit from operations post exceptional items 34.4 36.9 21.0 92.3 Profit for the year before tax post exceptional items 31.2 37.2 16.6 85.0 EBIT post exceptional items 36.9 40.0 21.0 97.9 EBITDA post exceptional items 78.4 48.9 34.2 161.5 Profit from operations pre exceptional items 51.5 36.9 21.0 109.4 Profit for the year pre tax and exceptional items 48.3 37.2 16.6 102.1 EBIT pre exceptional items 54.0 40.0 21.0 115.0 EBITDA pre exceptional items 95.5 48.9 34.2 178.6 Middle East E urope and South Asia Australasia Total Group 2008 2008 2008 2008 £ m £ m £ m £ m Total revenue 2,608.8 419.9 574.4 3,603.1 Less: Share of joint ventures' and associates revenue ( 43.7) ( 162.3) ( 75.0) ( 281.0) Revenue 2,565.1 257.6 499.4 3,322.1 Profit from operations 39.5 28.1 17.6 85.2 Profit for the year before tax 38.8 27.8 14.6 81.2 EBIT 41.8 29.1 16.8 87.7 EBITDA 84.1 35.0 23.5 142.6 EBIT and EBITDA reconciliation Pre exceptional Exceptional Post exceptional i tems items items 2 009 2009 2009 2008 Note £ m £ m £ m £ m Profit from operations 109.4 ( 17.1) 92.3 85.2 Less: Net non operating expense 7 ( 2.0) - ( 2.0) ( 0.5) Add back: JV net finance expense 13 1.9 - 1.9 0.5 JV tax expense 13 5.7 - 5.7 2.5 EBIT 115.0 ( 17.1) 97.9 87.7 Depreciation 5 61.0 - 61.0 52.3 Amortisation 5 2.6 - 2.6 2.6 EBITDA 178.6 ( 17.1) 161.5 142.6 There is no material difference between revenue by origin and revenue by destination. Revenue includes £ 2,814.8m on construction contracts ( 2008: £ 2,588.4m) calculated on the definition included in IAS11, Construction Contracts. 3 Trading analysis

Notes to financial statements for the year ended 31 March 2009 4 Exceptional items During the year the Directors reviewed the carrying value of the Group's residential and mixed- use development assets. The valuations incorporated forecast selling prices and costs to complete as assessed at the balance sheet date. As a result of the review, the Group recognised exceptional land and work in progress impairments of £ 17.1m ( 2008: £ nil). 5 Operating profit 2009 2008 Note £ m £ m Operating profit is stated after charging/( crediting): Staff costs: 6 Staff costs excluding bonuses 824.1 771.0 Staff bonuses 28.5 3.4 Depreciation of property, plant and equipment: 14 Owned assets 27.3 23.4 Under finance leases 33.7 28.9 Operating lease rentals and short- term hires: Property, plant and equipment 88.1 73.5 Amortisation of other intangible assets 12 2.6 2.6 ( Profit)/ loss on disposal of plant and equipment ( 4.0) 0.5 Loss on disposal of intangibles - 0.3 Foreign exchange gains ( 10.9) ( 0.8) Investment property income 15 0.6 0.5 Cost of inventories recognised as an expense: Exceptional items 4 17.1 - Other 1.7 0.2 Auditors' remuneration ( see below) 1.6 2.0 Auditors' remuneration Fees payable to the Company's auditor for the audit of: The Company's annual accounts and consolidated financial statements 0.4 0.3 The Company's subsidiaries pursuant to legislation 0.5 0.5 Total audit fees 0.9 0.8 Fees payable to the Company's auditor and its associates for other services: Services relating to taxation 0.5 1.1 All other services 0.2 0.1 Total non- audit fees 0.7 1.2 Total fees 1.6 2.0