Re Contract

Embargoed until 7am, Tuesday 10 August 2010

CAPE PLC

("Cape" or the "Company")

NEW CONTRACT WIN FOR CAPE IN ALGERIA

Cape plc, the international provider of essential, non-mechanical industrial services principally to the energy and mineral resources sectors, is pleased to announce that it has been awarded a contract valued in excess of Euro 27 million (£22.5 million).

The contract, awarded by Snamprogetti Chiyoda s.a.s. di Saipem S.p.A., is for the provision of the total insulation works for the Sonatrach GL3-Z LNG Project in Arzew, Algeria. The work will commence in the first quarter of 2011 with completion scheduled for the first half of 2012.

This award marks the first major LNG project contract win for Cape in North Africa since the Damietta LNG project in Egypt in 2002. Cape has a long history in the LNG industry in North Africa and was first involved in the construction of Arzew GL1-Z in Arzew, Algeria in 1977. Cape's most recent contract in Algeria was at the In Salah Gas project in 2003.

The GL3-Z single train LNG processing facility will have a liquefaction capacity of 4.7 million tonnes per annum and is scheduled for completion in 2013.

Martin May, Chief Executive of Cape plc, commented: 'This is another significant award for Cape, in the strategically important LNG sector in which we currently work around the world in places such as Australia, Qatar, Sakhalin and Chile. We are delighted to again be working in Algeria which is already the fourth largest LNG exporting country in the world. With its continuing growth plans, Algeria represents a key market for Cape, and we look forward to building on this relationship with Snamprogetti Chiyoda s.a.s. di Saipem S.p.A.'

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 2347

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.