Alpek Update

15 June 2018

ContourGlobal plc ("ContourGlobal" or the "Company")

Further to the joint release issued by ContourGlobal and Alpek, S.A.B. de C.V. ("Alpek") dated 10 November 2017 and the related statements in the Company's IPO prospectus and subsequent public comments, the Company announces that it remains in negotiations with Alpek in relation to the Company's potential acquisition of Alpek's cogeneration power plants in Cosoleacaque and Altamira, Mexico. While discussions are continuing, there can be no assurance that a commercial agreement will be reached and that a transaction will be completed. The Company will make further announcements as warranted.

Enquiries:

Investor Relations - ContourGlobal

Gregory Johnson

Tel: +44 (0) 207 355 7321

investor.relations@contourglobal.com

Media - Brunswick

Charles Pretzlik/Simon Maine

Tel: +44 (0) 207 404 5959

Contourglobal@brunswickgroup.com

Notes to Editors

ContourGlobal is an international power-generation company with approximately 4,305 MW in operation in 18 countries and three continents. ContourGlobal operates a portfolio of 100 thermal and renewable power plants across Europe, Latin America, and Africa utilizing a wide range of technologies.