Terra Firma

WRG Holdings today announces that it has today completed the sale of its waste disposal business (other than its waste-to-energy business) to Fomento de Construcciones y Contratas, S.A. ("FCC"), one of Spain’s leading construction and service groups, for an enterprise value of £1,400 million.

This sale follows the demerger in May 2006 of WRG Holdings’ activities into distinct waste disposal and renewable energy businesses. WRG Holdings retains ownership of the renewable energy business, which is the largest pure-play renewable power generation company in the UK. It is announced today that this business will be called Infinis Limited.

Lord Birt, who was Chairman of WRG Holdings, has agreed to become Chairman of Infinis Limited, effective today. Lord Birt has announced two further board appointments, Alan Lovell, formerly Chief Executive of Jarvis plc, the quoted support services group, will be Chief Executive of Infinis. Also, Paul Daffern, previously Finance Director of PD Ports plc has been appointed as Finance Director.

Lord Birt commented: “I am extremely pleased that a man of Alan’s experience and talent has agreed to lead Infinis through a very exciting time in its development.”

Infinis already accounts for approximately ten per cent of the UK renewable electricity sector and, as an independent company, will be able to further develop its waste-to-energy activities along with complementary renewable generation technologies in areas such as biomass, biofuels and wind.

Alan Lovell said: “I am delighted to be at Infinis. We have a great opportunity to develop from a strong landfill gas base into other renewable energy sectors. With 213MW of installed baseload capacity, Infinis is already the largest pure-play company in the renewable electricity sector both in terms of number of sites and output levels - and all of its output is sold under ROCs or contracted as NFFOs. An exciting future beckons for Infinis.”

Mr Lovell joined Jarvis plc as Chief Executive in October 2004 with the remit to achieve a turnaround in the Group’s operational performance and, at the same time, complete a complex financial restructuring. Under Alan’s leadership, the performance of the Group’s core businesses in the rail, plant and roads industries significantly improved. The financial restructuring, which included a debt-for-equity exchange, was completed in August 2005, reducing the company’s debt and paving the way for a sustainable business. Prior to joining Jarvis plc, Alan was Finance Director and briefly Chief Executive of Dunlop Slazenger. He was previously Chief Executive of Costain Group.

For further information: Andrew Dowler

Financial Dynamics

020 7831 3113