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Serco signs Memorandum of Understanding with UK Government

Date: 12 Nov 2010

Serco Group plc (Serco), the international service company, is pleased to announce that it has today signed a Memorandum of Understanding (MoU) with the UK Central Government to deliver savings on a number of its contracts. 

The savings will be made through scope changes and cost efficiencies and are not material to the Group's financial expectations. 

Christopher Hyman, Serco Group plc Chief Executive, said: "I am very pleased that we have signed our MoU with the UK Government and we look forward to continuing to support our customer in the delivery of essential public services."

Serco confirms its financial guidance as previously stated and will publish its Interim Management Statement on Monday 15 November at 07:00. 

For further information please contact Serco:

Dominic Cheetham, Director of Corporate Communications T +44 (0) 208 334 4334

Jill Sherratt, Interim Head of Investor Relations T +44 (0) 208 334 4122

Marcus De Ville, Head of Media Relations T +44 (0) 208 334 4388

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Last Updated: 12 Nov 2010