Costain Group plc announced that it has been appointed by Thames Water to its 2015 - 2020 investment programme ('AMP6' - Asset Management Period number six), in a contract worth approximately £450 million to Costain. Costain has been appointed to an initial two-year Early Contractor Involvement ['ECI'] contract and will then agree a five-year contract to deliver the AMP6 capital programme from 2015 to 2020. The contract may then be extended for a further five years from 2020 to 2025, as part of AMP7. In joint venture with Veolia and Atkins, Costain will deliver a significant proportion of Thames Water's programme of essential upgrades to water and wastewater networks and treatment facilities across the capital. The investment in the programme by Thames Water is £2.5 billion in total, and will be one of the current asset management contracts in Europe.

The combined shareholders' meeting of Veolia Environnement took place on May 14, 2013. In the meeting, shareholders of the company approved the option to receive payment of the 2012 dividend of EUR 0.70 either in shares or in cash. Shareholders may opt for the payment of the dividend in shares between May 20, 2013 and June 4, 2013 inclusive, by sending their request to their financial intermediary. The issue price of the new shares resulting from exercise of the option for the payment of the dividend in shares was set at EUR 8.51. For shares listed on the NYSE Euronext Paris regulated market, the ex-dividend date will be May 20, 2013 and the dividend will be made payable in cash or in shares as from June 14, 2013.

Veolia Environnement S.A. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of EUR 5,757 million compared to re-presented EUR 5,991 million for the prior year period. Adjusted operating cash flow was EUR 542 million compared to re-presented EUR 581 million for prior year period. Adjusted operating cash flow was down due to the impact of contractual erosion in France in the Water division and the decline in Environmental Services activity. Operating income was declined by 4.3% to EUR 290.3 million, compared to re-presented EUR 303.2 million for the same period ended March 31, 2012. Adjusted operating income was declined by 1.5% to EUR 404.9 million, compared to re-presented EUR 411.1 million for the same period ended March 31, 2012. Adjusted operating income benefitted from the positive impact of the closure of the defined benefit pension plan for senior executives. Free cash flow was positive and amounted to EUR 594 million versus re-presented negative free cash flow of 339 million for the same period ended March 31, 2012 due primarily to the issuance at the beginning of January 2013 of deeply subordinated perpetual hybrid bonds in euros and pound sterling for a total amount of EUR 1,470 million (including respectively EUR 1 billion at 4.5% yield and £400 million at 4.875% yield). In addition, free cash flow was impacted by an increase in working capital requirements mainly related to seasonality. In total, net financial debt amounted to EUR 10.1 billion at March 31, 2013, compared to re-presented EUR 10.8 billion at December 31, 2012. Adjusted net financial debt at March 31, 2013 amounted to EUR 6.8 billion versus re-presented EUR 7.8 billion at December 31, 2012. The decrease in consolidated revenue is mainly due to the Water division and Environmental Services division. For the period 2012-2013, the company’s objective is: to reduce its net financial debt to between EUR 8 billion and EUR 9 billion and adjusted net financial debt to between EUR 6 billion and EUR 7 billion excluding the impact of foreign exchange fluctuations; For the period 2012-2013, the company’s objective is to pay a dividend in 2013 and 2014 of EUR 0.70 per share, in respect of fiscal years 2012 and 2013 respectively. After 2013, the company aims, assuming a mid-cycle economic environment, for: organic revenue growth of more then 3% per year; adjusted operating cash flow growth of more than 5% per year. The company expects CapEx number for the full year about EUR 1.7 billion.