News Release from Blyth Utilities

For immediate release

11 December 2015

Blyth Utilities Acquired by Energy Assets for New Multi-Utility Infrastructure Brand

Blyth Utilities is to play a major role in a new UK-wide multi-utility infrastructure brand following its acquisition (on December 10, 2015) by Energy Assets Group.

Blyth, based in Alva, Clackmannanshire, is a leading utility infrastructure provider to industrial and commercial and residential developers in Scotland and the north of England, and, together with Energy Assets' Siteworks division, will play a key role in Energy Assets Utilities - a new brand that from January next year will deliver multi-utility infrastructure projects across the country.

Colin Lynch, Joint Managing Director of Blyth, said:

"Since its incorporation in 2003, Blyth has grown to around 80 employees but as a company it is now time for us to go to the next level. We are delighted to have the opportunity to grow the business further by being part of the Energy Assets Group and are confident that the support that Energy Assets can offer will allow us to achieve our long term growth strategy."

Energy Assets is the largest independent provider of industrial and commercial (I&C) gas metering services in the UK and a major provider of utility infrastructure services and electricity metering and data services.

The deal will see the launch of Energy Assets Utilities, integrating Blyth with Siteworks' industrial and commercial gas infrastructure operations. Both companies are accredited under the Gas Industry Registration Scheme (GIRS), but with Blyth's National Electric Registration Scheme (NERS) and Water Industry Registration Scheme (WIRS) accreditations, the new brand will deliver multi-utility infrastructure projects in both the I&C and house building sectors across the UK, utilising Energy Assets' footprint.

The new brand will position Energy Assets as a fully accredited multi-utility infrastructure provider in the commercial arena while extending opportunities in the UK house building sector at a time when the government is set to double investment to support home ownership and deliver new homes. The Group will also examine the opportunity arising from this acquisition to grow a pipeline asset portfolio, utilising its existing Independent Gas Transporter (IGT) licence.

Russell Gibson, Chief Operating Officer of Energy Assets, commented:

"Blyth and Siteworks share a common vision of how best to deliver high quality, responsive and competitive provision of utility infrastructure, and by integrating the respective skills, processes and resources of both organisations, the resulting Energy Assets Utilities brand will be perfectly positioned to meet the infrastructure needs of I&C businesses and house builders across the UK.

"I am delighted to welcome Blyth into the Energy Assets Group in an acquisition that represents another step in our continuing growth strategy."

Link to video:https://youtu.be/Y9CVh-K4XgQ

Ends

Media enquiries to:

Philip Colley, Harvest PR

Tel: 023 9244 9655 / 07785 306378/ @harvestprman

For further information visitwww.energyassets.co.uk

Notes to Editors:

Energy Assets

Energy Assets provides metering and related services in the I&C segment of the UK utility market and is the largest independent provider of I&C gas metering services in the UK, by number of assets owned and managed.

The Group offers utility suppliers and end-user consumers of energy a broad spectrum of expert metering services from the provision and management of new and replacement meters through its Meter Asset Management division to the procurement and project management of related utility infrastructure works, including fully managed gas installations and live connections, gas pipework modifications and in-depth gas maintenance projects, through its Siteworks division. The Group also collects and provides energy consumption data through its Data Services division.

Energy Assets (EAS) is listed on the Main Market of the London Stock Exchange.

Blyth

Blyth isa Multi-Utility Infrastructure Provider involved in the design and construction of utility networks and infrastructure direct to commercial and residential developers throughout Scotland and the North of England. Blyth provides a multi-utility solution of gas, water and electricity and is fully accredited under the Lloyds Register Gas Industry Registration Scheme (GIRS), Lloyds National Electric Registration Scheme (NERS) and Lloyds Water Industry Registration Scheme (WIRS).