Cape secures two year contract with BP

News Release

1 May 2015

Cape secures two year contract with BP

Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, is pleased to extend our current relationship with BP with the award of a new two year contract with an estimated value of £100 million.

This contract will secure around 500 jobs for Cape employees as we provide a range of our core services, including access, insulation, coating, passive fire protection and platform services on six North Sea assets and the Forties Pipeline Systems.

Joe Oatley, Chief Executive, Cape plc: "We are delighted to be awarded this further contract by BP, which will allow us to continue to invest in our people through our apprentice, intern and graduate programmes. Cape has a longstanding relationship with BP and we look forward to continuing to work with this important client to deliver our critical industrial services across their assets in the North Sea".

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

Rachel Amey, Director of Investor Relations +44 (0) 1895 459 965

Buchanan +44 (0) 207 466 5000

Bobby Morse, Ben Romney, Jason Day