Laing O’Rourke Joint Venture Reaches Financial Close on CHUM Hospital Complex in Montreal, Canada

LONDON, June 13, 2011 -

CHUM Collectif, a joint venture formed by Laing O’Rourke,
Obrascón, Huarte Lain S.A. (OHL), Innisfree, and Dalkia Canada, has
reached financial close on one of the world’s largest current
healthcare projects, valued at around C$2.1billion.

The joint venture is now responsible for a design, build,
finance and maintain project which includes a new build 21-storey
hospital. This forms a key part of the Centre Hospitalier de
L’Universite de Montreal (”CHUM”) modernisation program aimed at
consolidating the activities of the CHUM in one location.

The new hospital will cover 225,000m2 of floor space and deliver
772 single-bed rooms, together with a new energy centre. The
project also includes a 30-year maintenance concession. The first
phase of the new hospital is due for completion in 2016.

All of the joint venture partners are investors in the project
through a special purpose private finance entity, with Laing
O’Rourke and OHL responsible for the design and build of the new
hospital.  Dalkia Canada will be the facilities management
provider and HCP Social Infrastructure Canada is acting as project
manager.

Roger Robinson, CEO, Canada, Europe and Middle East, Laing
O’Rourke,

“Having made the strategic decision to enter the Canadian
market, Laing O’Rourke is delighted that the CHUM Collectif has
reached financial close on this prestigious project.

“Our task is now to utilise our consortium’s global expertise in
high quality healthcare infrastructure projects to deliver CHUM’s
vision of ‘a facility which focuses on patient-centred care and
values innovation, in professional, technological and
organisational practices’.

Key advisers to the joint venture are: Investec (finance),
Blakes (Legal), Cannon Design and DCYSA (architects) and HH Angus
& Associates (mechanical & electrical).

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Laing O’Rourke is an international engineering enterprise with a
reputation for delivering excellence, founded on 163 years of
experience.  We fund, design, manufacture, construct and
maintain the built environment - providing the facilities to
accommodate, educate, employ, connect, care for and sustain
communities.

Our business model comprises the full range of engineering,
construction and specialist services capabilities. Our offer is
fully integrated to deliver a single-source solution across the
client value chain for some of the world’s most prestigious public
and private organisations.

Our collaborative approach combines discipline in delivery with
the continuous pursuit of innovation: working with clients from
concept to completion, advising on and providing the best ways to
successfully complete projects and achieve the greatest benefit for
all our stakeholders - employees, clients, shareholders and
communities.

We are implementing a long-term strategy which aims to create
sustainable value by meeting the economic, social and environmental
challenges of our rapidly changing world, targeting high growth
markets and sectors that complement our values and
capabilities.

For further information on behalf of Laing O’Rourke contact: Matthew Moth, Madano Partnership, Tel: +44(0)207-593-4000, Email: matthew.moth at madano.com