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CURRIE & BROWN HAILS TOP UK MARKET ROLE

30-Jul-2008

Retains leading technical adviser position in UK league tables.

Currie & Brown, the global asset management consultancy, has hailed another successful year which saw the company’s position as the UK’s leading technical adviser to PFI / PPP projects confirmed in the annual league table published by the Public: Private Finance Yearbook.

The company was named as the top technical adviser in the UK, based on the number of commissions won last year.

Currie & Brown also enjoyed "top two" status in the UK education and health sectors, and retained its dominant position in Scotland.

Across the UK, Currie & Brown was involved in 13 PPP deals as technical adviser. In Scotland, it was involved in more deals than the second and third-rated companies combined.

WThis achievement underlines the importance of the UK to Currie & Brown, especially in key areas such as education and health," commented group chief executive Euan McEwan.

"Every day we are working hard to improve further and to achieve growth in other key sectors in which Currie & Brown is active. And our success in the UK is being reflected by our growing businesses in several international markets".

The company recently announced the re-structuring of its public procurement project service teams in response to growing demand in key international markets, including Continental Europe, the Americas, Middle East and Asia.

Publicly-financed procurement programmes have grown in popularity in key markets across Continental Europe, India, Latin America and the Middle East.

"The figures reveal something quite interesting about our market position among various types of adviser," added Euan McEwan. "For example, if we take the Scottish league table, including all advisers and not just the 'technical adviser' category, Currie & Brown is first out of 28 organisations including some leading global consultancies."

"Assessing the UK table in the same fashion, we are third out of 29 organisations, with only Ernst &Young and PwC ahead of us."

Currie & Brown's activities in the UK sector remain very strong. Recently the company won two significant contracts within the Government's Building Schools for the Future programme, which is the principal means of providing new and refurbished secondary school facilities across England.

The company has recorded key contract wins in Latin America, Western Europe and the Gulf during recent months.

- END -

Notes to Editors:

Recent PPP-type contract wins by Currie & Brown include:

1. Appointment by the Mexican Government to act as their sole international advisors for the development of the country's PPP Healthcare Infrastructure Plan, launched by the Fox's administration and supported by President Calderon's new administration. The appointment means that Currie & Brown will provide consultancy and management services to the Ministry of Health in reference to the tendering all the PPP projects that make up Mexico’s five year strategic plan.

2. Appointment by GPD Investments LLC to provide project and cost management services on two prestigious developments in Dubai. The International City development will cover 800 hectares in the heart of Dubai, providing a mix of one and two bedroom apartments that will accommodate over 60,000 residents. Currie and Brown will manage construction of six storey buildings on 7 plots owned by GDP Investments LLC. The total value of the project is around AED 200 million.

3. Currie & Brown's London-based international consultancy team has been appointed as technical adviser for the "A2" highways project in Spain, by funders MLA Société Générale. The €230 million PPP project covers a 110 km stretch of motorway between Calatayud and Alfajarin in Zaragoza, as well as the operation, maintenance and infrastructure replacement programme over the next 19 years.

4. Awarded a prestigious contract from Halton Borough Council to provide technical advice and cost consultancy services on its £100m Building Schools for the Future (BSF) programme. The £100m project will see up to 8 secondary schools, three special schools and two pupil referral units either replaced or refurbished by the end of 2013. Currie & Brown's BSF team has also won a similar contract for Nottinghamshire County Council's £150m programme in a former rural coalfield area.

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