• Record year to date trading performance
• 2008 group EBITA margin in excess of 6.5% confidently expected
• Continued strength in demand, led by Natural Resources order book up 12% this year
• Over £600 million average net cash expected in 2008 after year to date acquisitions,
  share buybacks and business disposals 

Chief Executive Samir Brikho said:
“Demand for our services has remained strong and we are confident of delivering a margin in excess of 6.5 per cent this year. Our clients remain focused on long-term fundamentals and we continue to see a strong and diverse range of attractive prospective contracts across the business.
“AMEC’s net cash position is exceptionally strong. We look to the future with measured confidence and continue to monitor opportunities for growth through selective acquisition.”

Since 1 July 2008, AMEC has been awarded contracts with an aggregate value in excess of £700 million, for delivery over the next five years. In addition, the Nuclear Management Partners consortium (NMP), of which AMEC is a member, entered into a transition agreement for the Sellafield contract with the UK Nuclear Decommissioning Authority (UK NDA) on 6 October 2008. The transition period is expected to end with a transfer of shares from British Nuclear Fuels Ltd to NMP on 24 November 2008, at which point AMEC will provide further guidance about the likely positive impact on the group’s results.