Royal BAM Group statement
Once again, despite an obvious change in the economic and market conditions, the Executive Board
are pleased with the BAM performance in the UK.

The challenging trading conditions anticipated at the start of the year in the civil engineering, building construction, and facilities management markets have been carefully navigated by BAM management teams. Overall performance has been equal to or exceeds the group’s expectations in the current market. BAM retain confidence in the UK property portfolio and continue to believe that prime property will provide a more positive return in the medium term.

Turnover of BAM UK based operations exceeds £1.75 billion. This firmly places BAM as one of the UK’s leading construction companies. Profit before tax margins from our core activities remain above industry average performance and in line with the BAM group expectations.

The Executive Board are delighted to see BAM undertake a broader range of projects either
independently or in joint venture. Projects undertaken or secured during the year that clearly
demonstrate the ability and skills of BAM people include: The Scottish Transport Museum in Glasgow, The London to Birmingham Chiltern Railway, The new headquarters for the Cooperative Society in Manchester, substantial infrastructure works for London Underground, the Olympic Games and Crossrail.

BAM in the UK has continued to support the group’s sustainability ambitions set out in its Strategic
Agenda. High placing in the Sunday Times Best and Green Company awards scheme demonstrate the leadership and focus of BAM people in respect of this important topic.

Health and Safety performance has again seen positive development as accidents have again been
reduced as the BAM companies strive for zero harm and beyond.

BAM companies in the UK have combined well with other group expertise to enhance the services
available to UK customers. In areas such as tunnelling, renewable energy, green building techniques and stadium / arena design, BAM have found solutions that are in advance of our competitors.

The Executive Board takes this opportunity to thank all BAM UK based staff for their continued
dedication and commitment and wishes them further success in 2011.

Martin Rogers
Member of the Executive Board
Royal BAM Group nv