Web Site : http://www.kentz.com

Kentz Engineers & Constructors have been in the construction business for almost 90 years, operating in over 20 countries world-wide with a turnover of approximately $600 million. Kentz provide a full range of technical and project management skills, from design through procurement, construction, commissioning and start-up to assist world-wide clients in developing and upgrading facilities.

Kentz is a successful engineering contractor, which serves clients
primarily in the oil and gas, petrochemical and mining and metals sectors.
The Company's principal activities are the provision of mechanical,
electrical, controls and instrumentation engineering, construction and
management services

Kentz today is a truely international company with approximately 7,000 staff in Europe, Africa, the Middle East and Asia and is represented by subsidiaries and offices in over 20 countries world-wide.

SNC-Lavalin Group Inc. ("SNC-Lavalin") and Kentz Corporation Limited ("Kentz") are pleased to announce that agreement has been reached on the terms of a recommended cash acquisition by which the entire issued and to be issued ordinary share capital of Kentz will be acquired by SNC-Lavalin (GB) Limited ("SNC-Lavalin Bidco"), a wholly-owned subsidiary of SNC-Lavalin. It is intended that the Acquisition will be implemented by means of a Court-sanctioned scheme of arrangement under Article 125 of the Companies Law.

· Under the terms of the Acquisition, each Scheme Shareholder will be entitled to receive:

935 pence in cash for each Scheme Share

· The Acquisition values Kentz's existing issued and to be issued ordinary share capital at approximately £1,164 million.

Offer for Kentz Corporation Ltd

935 pence in cash for each Scheme Share.