News release

30 June 2016

Breedon update on acquisition

of Hope Construction Materials

Breedon Aggregates ('Breedon') welcomes today's announcement by the Competition and Markets Authority (CMA) that, subject to consultation with interested parties, it proposes to accept the undertakings offered by Breedon in lieu of a Phase 2 reference of its acquisition of Hope Construction Materials ('the Hope acquisition').

Subject to final confirmation by the CMA following its consultation on acceptance of the undertakings offered by Breedon, Breedon expects to be in a position to complete the Hope acquisition in early August 2016.

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Enquiries:

Breedon Aggregates Limited

Tel: 01332 694010

Pat Ward, Group Chief Executive

Rob Wood, Group Finance Director

Stephen Jacobs, Head of Communications

Tel: 07831 764592

Cenkos Securities plc (Nomad and joint broker)

Max Hartley

Tel: 020 7397 8900

Peel Hunt LLP (Joint broker)

Tel: 020 7418 8900

Justin Jones/ Mike Bell

Note to Editors

Breedon Aggregates is the leading independent aggregates business in the UK after the four global majors. It operates more than 50 quarries, nearly 30 asphalt plants, over 60 ready-mixed concrete plants and three concrete block plants in England and Scotland and employs around 1,240 people. The Group has strong asset backing, with over 500 million tonnes of mineral reserves and resources in the UK. Breedon Aggregates' strategy is to grow through consolidation of the UK heavyside building materials sector.

In November 2015 Breedon announced its intention to acquire Hope Construction Materials for £336 million. The acquisition will create the UK's largest independent building materials group, with the country's largest cement plant, around 60 quarries, nearly 200 ready-mixed concrete plants and approximately 750 million tonnes of mineral reserves and resources.

Breedon Aggregates Limited published this content on 30 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 June 2016 10:50:04 UTC.

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