Cape announces two new contract wins

31st January 2014

Cape announces two new contract wins

Cape plc is pleased to announce the award of two new contracts for Cape's subsidiary RB Hilton Saudi Arabia Co.

The first with Hyundai Engineering & Construction Co. Ltd. is to supply and install scaffolding, painting and insulation works on the MBAC Alumina Refinery Project, Ras Al Khair, Kingdom of Saudi Arabia. This contract runs for six months to May 2014.

Hyundai Engineering and Construction Co., Ltd. (HDEC) is a major construction company from South Korea and leading EPC contractor in Saudi Arabia.

The second contract is with GS Construction Arabia Ltd. (GSCA) at the Rabigh II Project, Interconnecting PKG (UO1), Saudi Arabia. This project will run until February 2015 and includes scaffolding, painting, insulation and fireproofing works.

GS Construction Arabia Ltd. (GSCA) is the local registered subsidiary of GS Engineering & Construction Corp., a Korea-based company mainly engaged in the construction and civil engineering businesses.

In aggregate these contracts are valued at approximately £20m.

Tim Callahan, Divisional Managing Director - MENA commented:

"We are delighted to secure both of these contract wins, which strengthen our offering in the Middle East.

Cape enjoys a productive working relationship with Hyundai Engineering and Construction Co., Ltd. (HDEC) in Saudi Arabia. The award of this contract on the MBAC Alumina Refinery Project will enable us to continue and deepen that relationship.

The Rabigh II project represents an important award for the provision of a number of Cape's core services in Saudi Arabia. We appreciate GS Construction Arabia Ltd.'s confidence in our project experience and delivery capability, demonstrated by awarding us this significant package on the project."

About Cape

Cape plc (www.capeplc.com), which is listed on the main market of the London Stock Exchange, provides a range of essential industrial services including access systems, insulation, refractory linings, painting, coating, blasting, industrial cleaning, training and assessment to industrial plant operators and major international engineering and construction companies.

As a single source provider, Cape is able to provide a range of specialist multi-disciplinary services specifically tailored to meet the needs of the client providing the most intelligent and cost efficient solutions for clients' in-plant maintenance and capital needs.

In the year ended 31 December 2012, Cape reported adjusted revenues of £745.7 million. With scale and leading market positions across its international footprint, Cape employs over 21,000 people around the world.

For further information about Cape, please visit our website www.capeplc.com

For more information contact:

Sarah Howson, PA to Chief Executive - Joe Oatley, Cape plc

[email protected]

+44 (0)1895 431 705

Bobby Morse, Ben Romney & Louise Mason, Buchanan

+44 (0)20 7466 5000