The future is an exciting one for John Laing. We will continue to use our core principles, built up over the past 160 years, to take us forward into the global market of the 21st Century. We will build on these hard-earned traditions by taking our expertise across continents and forging new partnerships to grow the business even further, whilst continuing to expand our established market in the UK.

John Laing's business model creates a powerful international business that combines fund raising skills with infrastructure project development, operating expertise and asset management. This combination also positionsus as a long-term investor, dedicated to the successful delivery and operation of new infrastructure over the whole life of long term concessions.

Whilst the UK will remainour single most important market,we are shaping our offering to meet public sector clients' needs in a relatively mature but ever changing market.We will have a larger presence in sectors such as the renewable energy market and waste management, as well as using our experience to work as a partner developer with local authorities on regeneration projects which do not necessarily follow the PFI model. By having a long-term stake in the communities in which we invest and having a shared responsibility for tackling regeneration challenges, which we are able to do through the scale of our investments,we will use our expertise to help public service providers come together to provide a comprehensive, and integrated social infrastructure.

On a worldwide scale, the markets follow the much more traditional PFI model.We have offices in Canada, Holland, Delhi and Singapore. Both the Indian and US markets demonstrate capacity to fuel the growth of the business and these new offices are tasked with accessing a pipeline of projects in joint ventures with local partners over the coming years.

As the demand for privately financed infrastructure spreads around the world, John Laing has built an enviable record for proactive market positioning and an impressive success rate. Our understanding of the relationship of how private and public sectors can work together has been established in the UK, andwe will now take this expertise and experience further into the global market, safe in the knowledge thatwe havea business built on a solid foundation which will continue to grow well into the future.