Year End Trading Update

Embargoed: 0700hrs 12 January 2012

Cape plc

("Cape" or the "Group")

Year End Trading Update

&

Notice of Results

Cape plc, the international provider of essential, non-mechanical support services to the energy and mineral resources sectors, is pleased to provide the following scheduled trading update following the financial year end on 31 December 2011.

Since the Group's Interim Management Statement on 9 November 2011 ("IMS"), Cape has performed well and Group revenue and underlying profit before tax* for the year are anticipated to be in line with the Board's expectations.

As expected, the strong revenue growth in Q3 continued in Q4 driven by higher levels of activity in three of Cape's four regions. In the Far East/Pacific Rim region, Cape saw increased activity from both onshore project work, in particular Woodside's Pluto LNG project in Australia and the Exxon SPT Olefins project in Singapore, as well as offshore work in Australia with mobilisation at both Kipper Tuna Turrum (off Victoria) and North Rankin (North West Shelf). The UK business experienced higher levels of activity across the power belt with several increased outage scopes and finally, in North Africa we began mobilisation of significant manpower on the Sonatrach GL3-Z LNG project in Algeria. In the Gulf/Middle East region, activity levels were in line with our expectations following delayed release of works.

The Group has also executed on its plans, as referred to in the IMS, to take one-off, non-recurring charges related to a UK contract, now completed, and the exit of commercial construction scaffold hire and sales activities in Queensland, Australia.

Looking ahead, the increase in activity levels seen during Q4 2011 with the commencement of works noted above, gives the Board confidence that 2012 will be a year of significant growth in activity. Over half of Cape's revenues continue to be driven by essential maintenance requirements and regulatory commitments. With a number of major projects in our chosen sectors moving forward we remain confident of delivering on our plans for 2012.

Results for the financial year ended 31 December 2011 will be announced on 6 March 2012.

*Before intangible amortisation, IDC related charges and income, and non-recurring items.

Enquiries:

Forward looking statements

Any forward looking statements made in this document represent the Board's best judgment as to what may occur in the future. However, the Group's actual results for the current and future fiscal periods and corporate developments will depend on a number of economic, competitive and other factors, some of which will be outside the control of the Group. Such factors could cause the Group's actual results for future periods to differ materially from those expressed in any forward looking statements included in this announcement.

About Cape:

Cape plc (www.capeplc.com), which is listed on the main market of the London Stock Exchange, 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 2010, Cape reported revenues of £650.1 million. With scale and leading market positions across its international footprint, Cape employs over 18,000 people in 29 countries.