Cape awarded maintenance contract in Azerbaijan

News Release

22 December 2015 

Cape awarded maintenance contract in Azerbaijan

Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, is pleased to announce its SOCAR Cape joint venture has been awarded a two year extension contract by BP for the provision of Fabric Maintenance Services at its onshore and offshore assets in Azerbaijan. The contract has an estimated value of over $90 million.

Joe Oatley, Chief Executive of Cape, said: "We are delighted to announce the award of this contract extension which demonstrates BP's confidence in the quality and efficiency of the services provided by our SOCAR Cape joint venture."

Cape notes the recent announcement of the devaluation of the manat. It is too early to determine the effect of this devaluation on the Azerbaijan economy and the SOCAR Cape joint venture remains focused on delivering a high quality and safe service to all of its customers within the country.

About Cape:

Cape (www.capeplc.com), which is premium listed on the main market of the London Stock Exchange, is an international leader in the provision of critical industrial services principally to the energy and natural resources sectors. Our multi-disciplinary service offering includes access systems, insulation, specialist coatings, passive fire protection, refractory linings, environmental services, oil and gas storage tanks and heat exchanger replacement and refurbishment. Cape employs over 17,000 people working across 21 countries and in 2014 reported adjusted revenue of £698.3 million.

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Enquiries

Cape plc

Joe Oatley, Chief Executive +44 (0) 1895 459 979

Michael Speakman, Chief Financial Officer +44 (0) 1895 459 979

Buchanan

Bobby Morse, Ben Romney, Helen Chan +44 (0) 207 466 5000