Disclosure of Short Position

TR-5 :

Disclosure of Short Position relating to Securities which are the subject of a rights issue or a UK Financial Sector Company

1. Full name of person(s) holding the disclosable short position :

Pensato Capital LLP

2: Name of the issuer of the relevant securities

Lamprell PLC

3: Disclosable short position

0.658%

4. Date that disclosable short position was held

2011-05-19