KLR Keller Group Plc

 
TIDMKLR 
 
For immediate release 30 July 2014 
 
                  Keller Group plc ("Keller" or the "Group") 
 
Keller Group plc announces that it is to make a GBP30 million exceptional charge 
in its 2014 half year results in respect of a dispute arising on a project that 
Keller's UK subsidiary, Keller Limited, completed in 2008. 
 
The dispute relates to purported defects in a floor slab at a warehouse for 
which Keller Limited undertook the design and construction of the piling. These 
purported defects are alleged by other parties to be due, in part at least, to 
deficiencies in the provision of Keller's services. 
 
The claims intimated against Keller Limited, which are currently the subject of 
litigation, are denied and being vigorously defended. However, the Board has 
determined that, given the uncertainties inherent in any litigation, it would 
be appropriate to record an exceptional charge of GBP30 million in the Group's 
2014 half year results. The amount is stated before taking account of 
recoveries under applicable insurances which are yet to be agreed, as these 
cannot be recognised under IFRS. The Group will update the market on future 
developments when necessary. 
 
Keller will announce its half-year results on Monday 4 August 2014. 
 
For further information, please contact: 
 
Keller Group plc www.keller.co.uk 
Justin Atkinson, Chief Executive                      020 7616 7575 
James Hind, Finance Director 
 
Finsbury 
Gordon Simpson                                        020 7251 3801 
Rowley Hudson 
 
 
Notes to Editors 
 
Keller is the world's largest independent ground engineering specialist, 
providing technically advanced and cost-effective foundation solutions to the 
construction industry. With annual revenue of around GBP1.6bn, Keller has 
approximately 9,000 staff world-wide. 
 
Keller is the clear market leader in North America, Australia and Southern 
Africa; it has prime positions in most established European markets; and a 
strong profile in many developing markets. 
 
 
 
END 
 

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