NTR Confirms Completion of West-Link Transactions

June 06 2007

NTR plc confirmed today (Wednesday 6th June, 2007) that it has completed its agreement with the National Roads Authority (NRA) in relation to the West-Link toll facility. Under the terms of the agreement with the NRA, NTR will continue to manage and operate the facility until August 2008, and the NRA will make index linked payments of €50m per annum from August 2008 to March 2020 in respect of the original West-Link concession agreement.

NTR also confirms that it has completed a transaction to monetise the value of the payments to be received from the NRA in respect of the West-Link from August 2008 to March 2020 for an up-front consideration of €488m. NTR will have on-going corporation tax obligations in relation to payments made by the NRA.

NTR will use the funds realised to support its growth plans and to repay debt.

Michael Walsh, Group Finance Director, said: “The completion of the West-Link transaction and the related monetisation mark a further significant milestone in the evolution of NTR plc from an Irish Toll Road company to a leading International Developer and Operator in Renewable Energy and Sustainable Waste Management.”

Enquiries:

Issued on behalf of NTR plc by Heneghan PR:
Nigel Heneghan / Rachel Watchorn
Tel: +353 1 660 7395

About NTR plc

NTR plc is a leading Developer and Operator in Renewable Energy and Sustainable Waste Management.
 
NTR’s core businesses in Wind Energy (Airtricity), Bioenergy (Bioverda) and Recycling led Waste Management (Greenstar), together with the Group’s proven development capability; provide a unique platform for significant growth in shareholder value.