CDE Conder Env.

RNS Number:1773Q
Conder Environmental PLC
26 January 2007

26 January 2007



Conder Environmental plc

Disposal of Vikoma


Conder Environmental PLC ("Conder") is pleased to announce the completion on
Thursday  25 January of the disposal of Vikoma International Limited and its
subsidiaries to Energy Environmental Limited for #2.3 million in cash.  This
comprises an initial consideration of #2.0 million, with a further #0.3 million
due by no later than January 2008.  The cash received from this disposal will be
applied to reduce bank borrowings and provide working capital for the rest of
the Group.



For the year ended 30 April 2006, Vikoma, which currently employs 50 people, had
turnover of #11.7 million and operating profit before group charges of #0.1
million.  For the six months ended 31 October 2006, Vikoma had turnover of #4.7
million and broke even before group charges.  Net assets at disposal amounted to
#1.2 million.



Commenting on the sale, Conder's Chairman, Mike Killingley, said, "The disposal
of Vikoma represents a further step in the restructuring and recovery strategy
of the Group".


For further information, please contact:

Jon Varney - Group Managing Director - 01420 470811
or
Mike Killingley - Chairman - 01962 711395




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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