Interim Management & AGM Statement

Embargoed: 0700hrs 20 May 2010

Cape plc

("Cape" or the "Group")

Interim Management & AGM Statement

Cape plc, the international provider of essential, non-mechanical support services principally to the energy and mineral resources sectors, today provides its Interim Management Statement for the year to date.

Cape will today hold its Annual General Meeting at the Offices of Berwin Leighton Paisner LLP, Adelaide House, London Bridge, London EC4R 9HA at 10 a.m.

The Group is pleased to confirm that overall trading has been in line with the Board's expectations, with activity levels and operating margins remaining consistent with the same period in the prior year.

Activity levels in the Far East/Pacific Rim region are materially ahead of 2009, offsetting the expected lower activity levels in the Gulf/Middle East region this year following the high level of shutdown activity in the first quarter of 2009 and completion of a number of major projects.

There has been no significant change to Cape's financial position during the period with continued strong operating cash flows and substantial headroom available under the Group's funding facilities.

With half of Cape's revenues based on the essential maintenance spend of plant operators and the other half mainly based on large, multi-year duration industrial projects, Cape enjoys excellent revenue visibility which provides the Board with confidence for the full year.

Martin May, Chief Executive, commented:

"Cape has made a solid start to the year. With project cycles varying from region to region, the benefit of our scale and leading positions across our international footprint has again been evident. Plant safety in the sectors we operate is of primary importance for our customers and, with Cape's best in industry safety programmes already recognised with several prestigious awards this year, this continues to set Cape apart from the competition."

- Ends -

For further information please contact:

Cape plc

Martin May, Chief Executive Officer

Richard Bingham, Chief Financial Officer

Tel. +44 (0)20 3178 5498

Numis Securities Limited

Nominated Adviser: John Harrison, Managing Director Corporate Finance

Corporate Broker: James Serjeant, Director Corporate Broking

Tel. +44 (0)20 7260 1000

Merrill Lynch International

Andrew Tusa, Managing Director Corporate Broking Europe

Tel. +44 (0)20 7628 1000

M: Communications

Patrick d'Ancona or Ben Simons

Tel. +44 (0)20 7920 2340

About Cape:

Cape plc (www.capeplc.com), which is listed on AIM (CIU), provides a range of non-mechanical industrial services including access systems, insulation, painting, coatings, blasting, industrial cleaning, training and assessment to both 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 our customers non-mechanical in-plant maintenance and capital needs.

In the year ended 31 December 2009, Cape reported revenues of £655.1 million. With scale and leading market positions across its international footprint Cape employs over 17,000 people in 28 countries and safely delivered over 41 million man hours in 2009.