Wins first Tanzanian Contract

Atlas Development & Support Services Limited / Ticker: ADSS / Index: AIM / Sector: Support Services

8 December 2014

Atlas Development & Support Services Limited ('Atlas Development' or the 'Company')

Wins first Tanzanian Contract

Atlas Development & Support Services Limited (AIM: ADSS), the African focussed support services and logistics company, is pleased to announce that it has been awarded its first contract in Tanzania, to provide turn-key support services including workforce accommodation, facilities management, medical infrastructure, and logistical support to an international drilling company which is commencing activities in the Ruvuma Basin. This marks a further step in the Company's regional development and follows the recently announced move into Mozambique.

Tanzania represents a strategic growth opportunity and further strengthens Atlas Development's established operations in Kenya, Ethiopia and Djibouti, underpinning the Company's active growth strategy. The country is the focus of significant investment from international blue-chip companies, operating within both the oil & gas and mining space, and consequently provides a solid opportunity through which to build the Company's geographical, service and client reach.

Carl Esprey, Chief Executive Officer of Atlas Development, said:

"Following this win we now operate in five countries in East Africa. The signing of this significant contract underpins the value of our turn-key service offering and demonstrates the continued momentum that the Atlas Development brand is gaining as a leading turn-key support services provider in East Africa. We believe that this region continues to hold significant potential for the Company, as it plays host to some of the lowest cost oil developers globally. Furthermore, Tanzania, and East Africa as a whole, is an important investment destination for many mining companies in addition to upstream power generators, and Atlas Development benefits from providing a full spectrum support services solutions, ensuring we gain exposure to all facets of industrial development."

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For further information please visit www.atlassupport.com or contact:

Notes to Editors

Atlas Development's core divisions are delineated as follows:

· Atlas Technical: civil engineering, workforce accommodation and construction

· Atlas Services: medical and facilities management

· Atlas Logistics: fuel solutions, storage and transportation

Through these three core divisions, Atlas Development provides turn-key support for a range of major oil & gas exploration and development companies operating across East Africa. The market opportunity for a company such as Atlas Development remains highly attractive, and the Board believe there is considerable opportunity to leverage the Company's established position to further capitalise on the rapidly growing oil & gas exploration and development industry in Kenya.

The Company announced on 13 October 2014, that it intends to dual list on the Growth Enterprise Market Segment of the Nairobi Securities Exchange (the 'Kenyan Listing'), by way of an introduction and private placing being offered solely in Kenya. Completion of the Kenyan Listing will make Atlas Development the first AIM listed company to join the Kenyan exchange and will mark a further important step in the Company's development as it looks to expand its existing support services business in East Africa.