Disposal of PFI interest

On 27 June, in line with its strategy of recycling investments, Morgan Sindall Group plc sold its interest in the Miles Platting PFI social housing scheme for a net consideration of £8.4m, which is 38% in excess of the Directors’ valuation, resulting in a net profit of £4.4m.

The disposal will be included in operating results for the six months ending 30 June 2013.