Coleman Awarded £2m AMP8 Contract

Nexus Infrastructure plc (AIM: NEXS), a leading provider of essential infrastructure solutions, is pleased to announce that its subsidiary Coleman Construction & Utilities Limited ("Coleman") has secured a £2m contract from CMDP+ for works at St Johns, Crowborough. The 10-month contract marks Coleman's first major award under the Asset Management Period 8 ("AMP8").

This award demonstrates clear progression with AMP8 activity, which whilst slower than initially anticipated, signals that major project activity is now underway, reinforcing confidence in the significant long-term opportunity AMP8 represents for Coleman.

The contract comprises a range of civil engineering works at St Johns, including new water infrastructure, access works and associated underground pipework and cable infrastructure.

Coleman has an established track record of delivering technically demanding water infrastructure schemes for CMDP+, including wastewater and reservoir upgrades at Lingfield, Bewl Water and Tunbridge Wells. The St Johns contract builds on this track record and provides further evidence of AMP8 opportunities now beginning to convert, giving Nexus greater confidence in the developing pipeline of regulated water-sector work.

Barry Coleman, Co-Founder and Managing Director of Coleman, commented: "Securing the St Johns contract is an important milestone for Coleman and builds on our long-standing relationship with CMDP+. We look forward to delivering the project safely and to a high standard while pursuing further opportunities as AMP8 activity gathers pace."

Clare Lacey, Interim Chair of Nexus, commented: "We are delighted that Coleman has secured this significant contract with CMDP+, its first major award under the AMP8 programme. The award is an important step forward from the early-stage activity we reported in our trading update and is an encouraging signal that project activity is now beginning to get underway. This demonstrates the value of Coleman's established customer relationships and specialist capabilities."