Notice of AGM

27 April 2011

LAMPRELL PLC

("Lamprell")

ANNUAL REPORT AND ACCOUNTS, AND ANNUAL GENERAL MEETING

The Company announces that it has posted to shareholders on 26 April 2011 the Annual Report and Accounts for 2010 and the Notice of the 2011 Annual General Meeting ("AGM") together with the Form of Proxy. The AGM will be held at Suite 102, City Tower 2, Sheikh Zayed Road, Dubai, United Arab Emirates on Tuesday, the 7th of June 2011 at 12:00 noon (UAE time).

The Company confirms that two copies of each of the Annual Report and Accounts for 2010, the Notice of the AGM, the Form of Proxy and black lined version of the Company's Articles of Association proposed to be adopted at the AGM have been submitted to the UK Listing Authority and will be available for inspection at the UKLA Document Viewing Facility which is situated at:

The Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Telephone: 020 7066 1000

The Annual Report and Accounts for 2010, the Notice of the 2011 AGM and the Form of Proxy are available for download from the Company's website at www.lamprell.com.

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Notes to editors

Lamprell, based in the UAE, has played an increasingly prominent role in the development of the offshore industry in the Arabian Gulf for over 30 years, in later years providing specialised services to the offshore oil and gas industry.

·; Lamprell's three primary facilities are in Port Khalid and the Hamriyah Free Zone, in the Emirate of Sharjah, and in the Jebel Ali Free Zone, in the Emirate of Dubai, all of which are in the UAE.

·; The principal markets in which Lamprell operates, and the principal services it provides, are:

o Engineering, procurement and construction of jackup rigs, liftboats and drilling related equipment;

o Upgrade and refurbishment of offshore jackup rigs;

o New build construction for the offshore oil and gas sector, including Floating Production, Storage and Offloading systems and other offshore and onshore structures; and

o Oilfield engineering services, including the upgrade, refurbishment and new building of land rigs.