HYC Hyder Cons

RNS Number:7453I
Hyder Consulting PLC
11 September 2006


           HYDER CONSULTING PLC ("Hyder Consulting" or the "Company")


                               PENSION SCHEME


Hyder Consulting, the international engineering design, advisory and specialist
management consultancy, is pleased to announce changes to its UK defined benefit
pension scheme following a consultation period with active members.


ACER GROUP PENSION SCHEME (the "Scheme")


The Company's published accounts for the year ended 31 March 2006 showed a
pension deficit in the Scheme of #42.3 million (#32.1 million net of related
deferred tax), as defined under the IAS 19 accounting standard.


The Company's UK subsidiary, the sponsoring employer for the Scheme, entered
into a consultation period with active members of the Scheme in June 2006, in
order to give them the opportunity to comment on its proposals to address the
Scheme deficit. The consultation concluded on 7 August 2006. Following a review
of the proposals and the outcome of the consultation by the Company's UK
subsidiary and the Scheme Trustees, the Scheme Trustees have consented to amend
the Scheme rules in order to implement a pensionable salary freeze of up to five
years for active members. The freeze will result in an immediate reduction in
the deficit as reported under IAS 19 of approximately #4 million.


In recognition of members agreeing to the pensionable salary freeze the
Company's UK subsidiary has agreed to make a number of changes to its pension
arrangements. These include additional special contributions into the Scheme
over the next five years totalling #7 million. The first special contribution of
#2 million will be paid into the Scheme during September 2006. The special
contributions will be funded through a 15 year unsecured bank facility. Total
contributions payable to the Scheme for the year ending 31 March 2007 will
amount to #4.5 million.


The changes to the structure of the Scheme allow further accrual of defined
benefits for all remaining active members. The Scheme was closed to new members
in March 2001.


Simon Hamilton-Eddy, Financial Director of Hyder Consulting commented, "I am
pleased that members have supported the proposals to reduce the deficit through
a pensionable salary freeze of up to five years, which combined with the
additional special contributions will significantly reduce the Scheme deficit
over the next five years."



For further details:

Tim Wade, Chief Executive, Hyder Consulting Plc             Tel: 020 7316 6000
                                                                            
Simon Hamilton-Eddy, Financial Director, 
Hyder Consulting Plc                                        Tel: 020 7316 6000
Shane Dolan, Biddicks                                       Tel: 020 7448 1000


11 September 2006



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