ABP Finance Plc: Investment in Humber Facilities

March 28, 2013

ABP Finance Plc announces that Associated British Ports has signed a 15 year contract with Drax Power Limited, an operating subsidiary of Drax Group Plc, for the creation of a dedicated import facility, the Immingham Renewable Fuels Terminal, and significant upgrade of rail infrastructure at the Humber International Terminal at its Port of Immingham. The contract forms a key part of overall investment in new terminal facilities for Drax of up to £100 million to handle sustainable biomass wood pellet shipments across its Humber ports of Immingham, Hull and Goole.