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Presentation - Kier Group

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Net cash - notesCapital and investment spend of £33m since June 2011 includes:• £3m Mining and other Construction• £10m Plant and vehicles, Environmental Services• £11m Net Property developments (incl. Solum) Property• £4m PFI sub-debt injection and other Property• £5m Private units on Affordable sites HomesRedundancy costs incurred in Construction and Services of c.£5m to appropriately size ouroperations to suit the current trading conditionsTighter payment environment in Construction and Services c.£15m15

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