Mears Group PLC

("Mears" or "the Group" or "the Company")

Thurrock Council - £240m Contract Award

Mears Group PLC, the leading provider of services to the Housing sector in the UK, is pleased to confirm that it has been notified of a new contract award from Thurrock Council. ('Thurrock'), a long-standing customer. The new contract will see Mears extending its services to deliver all repairs, compliance and planned investment works and carries an annual value of £24m over an initial 5-year term, with an extension option for a further 5 years, giving a total contract value of £240m over the maximum 10-year term.

Lucas Critchley, Chief Executive Officer, said:

"The strong growth in our traditional maintenance activities has been underpinned by an excellent period of contract retention. This award forms part of an intensive period of rebids, which has seen the Group re- awarded contracts amounting to more than £1bn over the last 12 months, including contracts with Milton Keynes City Council, Leeds City Council, Cross Keys Homes and Livin. This reflects our strong operational performance and the deep relationships we hold with our clients and within those communities.

"The new contract expands the services previously provided to Thurrock, extending the core maintenance service towards a total asset management solution."

About Mears

Mears is a leading provider of services to the Housing sector, providing a range of services to individuals within their homes. We manage and maintain around 450,000 homes across the UK and work predominantly with Central Government and Local Government, typically through long-term contracts. We equally consider the residents of the homes that we manage and maintain to be our customers, and we take pride in the high levels of customer satisfaction that we achieve.

Mears currently employs over 5,000 people and provides services in every region of the UK. In partnership with our Housing clients, we provide property management and maintenance services. Mears has extended its activities to provide broader housing solutions to solve the challenge posed by the lack of affordable housing and to provide accommodation and support for the most vulnerable.

We focus on long-term outcomes for people rather than short-term solutions and invest in innovations that have a positive impact on people's quality of life and on their communities' social, economic, and environmental wellbeing. Our innovative approaches and market leading positions are intended to create value for our customers and the people they serve while also driving sustainable financial returns for our providers of capital, especially our shareholders.