Go-Ahead Group PLC Go-Ahead awarded fifth rail network in Germany

TIDMGOG

Go-Ahead Group PLC

12 December 2018

The Go-Ahead Group plc First Floor, 4 Matthew Parker Street, London SW1H 9NP Telephone [phone]

Press Release

12 December 2018

Go-Ahead awarded fifth rail network in Germany

The Go-Ahead Group is pleased to announce that it has been awarded lot 1 of the `Augsburger Netze' routes by the Bavarian rail authority and the Baden-Wurttemberg public transport authority.

This network links to three stations that Go-Ahead will be serving from 2019 through its other contracts in Baden-Württemberg.

The contract will consist of 56 electrical trains, which will run on a network of 7.4 million train kilometres per year.

Due to commence in 2023, the 12-year franchise is the fifth network that Go-Ahead's Germany company, Go-Ahead Bus and Bahn, has been awarded and will extend our German business to approximately 20 million train kilometres per year. The other contracts start in 2019and 2021.

Go-Ahead Chief Executive, David Brown, said:

"We are delighted to have been awarded a fifth regional route in Germany, especially as it connects with two of our other routes. This network complements our existing contracts in the region and builds on our desire to provide end-to-end journeys. Our growing local team continues to look for opportunities in the region as part of our strategy to build a long-term German transport business."

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Notes to editors

For more information please contact:

Go-Ahead press office

[e-mail]

020 7799 8999

Citigate Dewe Rogerson

Michael Berkeley / Angharad Couch / Toby Moore

020 7638 9571

The procurement process

The client has notified Go-Ahead that it is preferred bidder and now follows a 10-day standstill period before contracts will be signed. This time is to allow any challenges to be raised against the process.

About Go-Ahead

Go-Ahead is a leading UK public transport operator, providing high quality services in the bus and rail sectors. Employing around 28,000 people across the country, over one billion passenger journeys are undertaken on our services each year. We are committed to operating our companies in a safe, socially and environmentally responsible way. In addition to the travelling public, our customers include the Department for Transport, Transport for London (TfL) and local authorities.

Bus

Go-Ahead is one of the UK's largest bus operators. With a fleet of around 5,200 buses, we carry over two million passengers every day. Our operations are focused on high density commuter markets. We have a strong presence in London, with around 23 per cent market share, where we provide regulated services for TfL. Outside London, we operate services in Oxford, East Anglia, the South East, Southern and north-east England. Internationally, we operate bus services in Singapore and Ireland.

Rail

The rail operation, Govia, is 65 per cent owned by Go-Ahead and 35 per cent by Keolis. It is the largest rail operation in the UK, responsible for over 30 per cent of all UK passenger rail journeys through its rail franchises: GTR (Govia Thameslink Railway) and Southeastern.

Disclaimer

Certain statements included in this press release contain forward-looking information concerning the Group's strategy, operations, financial performance or condition, outlook, growth opportunities or circumstances in the sectors or markets in which the Group operates. By their nature, forward-looking statements involve uncertainty because they depend of future circumstances, and relate to events, not all of which are within the Group's control or can be produced by the Group. Although the Group believes that the expectations reflected

in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Nothing in this press release should be construed as a profit forecast and no part of these results constitutes, or shall be taken to constitute, an invitation or inducement to invest in The Go-Ahead Group plc or any other entity, and must not be relied upon in any way in connection with any investment decision. Except as required by law, the Group undertakes no obligation to update any forward looking statement.

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December 12, 2018 04:18 ET (09:18 GMT)