Slaughter and May is advising Costain Group PLC ('Costain'), the UK engineering solutions provider, on its proposed firm placing and placing and open offer of 33,382,068 new ordinary shares to raise gross proceeds of approximately £75.1 million (the 'Capital Raising').

The Capital Raising, which was announced on 27 February 2014, will enable Costain to take greater advantage of opportunities in the UK infrastructure, energy and water markets.

The new ordinary shares represent approximately 50% of Costain’s existing issued share capital and the Capital Raising is conditional on shareholder approval at a general meeting to be held on 17 March 2014.

CONTACTS

Corporate and Commercial: Andrew Jolly (partner), Nicholas Pacheco (associate), John O'Grady (associate), Tom O'Neill (associate), Thomas Braiden (associate), Claire Bush (trainee), Camellia Buckmaster (trainee); Tax: Gareth Miles (partner), Shofiq Miah (associate)