Reclassification - oil equipment and services

Embargoed: 0700hrs 1 November 2010

CAPE PLC

("Cape" or the "Company")

CHANGE TO OIL EQUIPMENT & SERVICES ICB CLASSIFICATION

Cape plc, the international provider of essential, non-mechanical industrial services principally to the energy and mineral resources sectors announces that it has been in discussion with FTSE regarding the reclassification of Cape as an Oil Equipment & Services company, a description which Cape considers reflects more accurately the weight of its business activity. The Company has been informed that its shares are expected to be reclassified into the Oil Equipment & Services sector with effect from 20th December 2010.

Additionally, as required by AIM Rule 17 and Schedule 2 Annex III, the Company has updated information relating to directors of the Company on its website at:

http://www.capeplc.com/cape/pages/aboutus/ourboard

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.