Cosalt Offshore wins Major Aker contract extension

Cosalt plc

("Cosalt")

Cosalt Offshore wins major Aker Solutions contract extension

Cosalt, the leading provider of critical safety equipment and services for the Offshore Oil & Gas and Marine industries, announces that its Offshore division has been awarded a three-year contract extension by Aker Solutions' subsidiary, Aker Offshore Partner Ltd ("Aker Solutions"), worth around £1million per year.

The contract involves Cosalt Offshore fulfilling all Aker Solutions' tooling and lifting equipment requirements in the North Sea. The deal is for three years with options to extend for a further two years.

Mark Lejman, Chief Executive of Cosalt, commented: "We are delighted that Aker Solutions has renewed its agreement with Cosalt Offshore. This is the latest in a series of multi-million pound, long-term deals that we have secured and underpins our ongoing growth strategy in the North Sea."

19 February 2010

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Notes to Editors:

Cosalt are the leading safety and workwear company in the Industrial, Marine and Offshore Oil and Gas markets. The company has a proud history of providing vital services and bespoke life saving and industry workwear to people exposed to hostile work environments.

Cosalt Offshore has a pan-North Sea network with 300 personnel based in Aberdeen and a further 110 at its operations in Stavanger and Lowestoft. Cosalt Offshore has been awarded a number of long-term, multi-million pound contracts recently with clients including PSN, BP and Subsea 7.

For more information, visit: www.cosalt.com