APR.L Regulatory News (APR)

27 January 2014

APR Energy plc ("the Group")

Year End Trading Update

740MW of contract wins and completion of transformational acquisition

· New contract wins in 2013 totalling 740MW and 298MW of extensions

· Strong Q4 financial and operational performance

· 2013 results anticipated to be in line with expectations

· Full year revenues up 17% to approximately US$310 million

· Continued high utilisation of 81% across the fleet at year end

· Completion of the acquisition of GE power rental business, creating the world's leading fast- track mobile turbine business

· 36% increase in order book to 15,730 MW-months (31 Dec 2012: 11,592 MW-months)

· Strong start to 2014 with extension of 200MW project in Libya

APR Energy plc (LSE: APR), a global leader in fast-track power solutions, today issues a trading update for the fiscal year ended 31 December 2013 ahead of its Preliminary Results, which will be announced on 26 March 2014.

Commenting, John Campion, Chief Executive Officer, said:

"2013 was a year of major progress for APR Energy. Operationally, we reported record new

contract wins, whilst our existing clients' contract renewal rate exceeded 90%. During the period, we successfully deployed in Libya the largest single contract in the history of the fasttrack power industry, providing power to more than one million homes. Strategically, our acquisition of the GE power rental business, and ongoing partnership agreement with GE, has expanded our fleet, diversified our operational footprint, and supports our future growth plans. I am especially pleased at our ability to mobilise these turbines and improve pricing on contracts acquired through the acquisition.

The demand for our solutions remains strong, reflected in our new contract wins, high renewal rates, and significant growth in our order book. We remain confident in both the prospects for mobile gas turbines and the significant market opportunity that a growing global structural power deficit creates for us."

TRADING

During 2013, APR Energy gained record new contract wins of 740MW, together with 298MW of contract extensions (2012: 569MW contract wins and 724MW contract extensions).

Group revenues totalled approximately $139 million for the three-month period ending 31

December 2013, resulting in full-year revenues of approximately $310 million, up 17% versus 2012 (2012: $266 million).

As at 31 December 2013, total fleet capacity was 2,074MW, an increase of over 58% compared to 31 December 2012 (1,311MW), reflecting the 520MW of additional capacity acquired through the GE power rental acquisition and 313MW of organic capacity expansion, funded by fleet capital expenditure of $290 million. As part of the renewal of the 70MW contract in Botswana in late December, APR Energy has agreed to sell its 70MW installed fleet to the client, with the transfer of assets to occur post the end of the existing contract in Q4 2014. The sale represents a mutually attractive opportunity for the client to supplement their owned diesel reciprocating power in country, while enabling APR Energy to dispose of legacy equipment. In the interim, we continue our strong relationship with the Botswana Power Corporation.

APR Energy's success in securing significant new contracts and contract renewals is reflected in the increase in order backlog to 15,730 MW-Months (31 December 2012: 11,592MW), with contract renewals continuing to exceed 90%.

For the full year 2013, the Group expects to deliver Adjusted EBITDA and Adjusted EBIT in line with market expectations. Adjusted EPS is expected to reflect a weighted average number of shares of 81.0m and the higher interest charge arising from the year-end net debt position.

FINANCIAL POSITION

As at 31 December 2013, the Group had gross debt of $590 million (excluding capitalised finance costs) (31 December 2012: $205 million) and cash of $33 million (31 December 2012: $21 million), resulting in a net debt of $557 million (31 December 2012: $184 million). This net debt position reflects the timing of the receipt of receivables in respect of the Libyan contracts, which were partly paid in January. As previously communicated, we will continue to focus on cash management and balance sheet efficiency. The Group's bad debt position is expected to remain unchanged and in line with historic levels.

OPERATIONS

Utilisation remained high; with total fleet utilisation at period end of 81%. Diesel utilisation remains strong at 81%; with turbines fully utilised, other than the two remaining non-contracted turbines acquired as part of the GE power rental business.

During the fourth quarter, client demand for our mobile turbine power solutions remained strong. We announced our first mobile gas turbine project in sub-Saharan Africa - with the signing of a twelve-month contract in Angola - using two of the non-contracted GE mobile gas turbines acquired through the GE acquisition. With the extension of our existing 40MW diesel power module contract in Q4 2013, APR Energy increased its industry leading capacity on the continent.

In the US Virgin Islands, APR Energy successfully secured a twelve-month extension with improved pricing on the 25MW mobile gas turbine contract that was assumed as part of the recent acquisition of GE's power rental business. Pricing on the contract is now consistent with APR's historic turbine pricing levels. Furthermore, our turbine contract in Martinique was renewed through Q1 2014.

In Indonesia, the 75MW fast track diesel plant was deployed and commissioned during the fourth quarter, bringing the Group's power generation capacity in the country to 130MW.

In early 2014, we were pleased to announce the extension to our 200MW diesel power module project in Libya on the same terms as the original contract. The provision of 200MW of diesel power modules, announced in June 2013 as an expansion to APR Energy's 250MW gas turbine contract, created the largest single contract in the history of the fast-track power industry.

OUTLOOK

The Group continues to see strong structural demand for power solutions in Africa, Latin America, the Middle East, and South East Asia, resulting in a strong commercial pipeline. There are ongoing discussions on a significant number of opportunities for both reciprocating engines and mobile gas turbines. Utilisation rates remain high and are expected to be maintained going forward.

APR Energy believes that the outlook for the mobile gas turbine market remains very positive. The scalability of mobile gas turbines, which allow large amounts of power to be deployed swiftly and efficiently, combined with low emissions and dual-fuel capability, have made turbines the technology of choice for customers requiring large-scale fast-track power.

The impact of recent emerging markets currency volatility is expected to be immaterial to the

Group, as most of the Group's contracts require payment in US dollars.

APR Energy remains confident in the structural growth trends within the fast-track, turnkey power market and, specifically, in the application of mobile dual-fuel turbine technology. As such, the Group expects to make strong progress in 2014.

Enquiries:

APR Energy

Karen Menzel +44 (0) 777 590 6076

Capital MSL

Richard Campbell +44 (0) 20 3219 8800 / +44 (0) 7775 784 933

Ian Brown +44 (0) 20 3219 8817 / +44 (0) 7908 251 123

About APR Energy

APR Energy is the world's leading fast-track mobile turbine power business. We provide largescale, fast-track power, providing customers with rapid access to reliable electricity when and where they need it. APR combines state-of-the-art, fuel-efficient technology with industry-leading expertise to provide turnkey power plants that are rapidly deployed, customisable, and scalable. Serving both utility and industrial segments, APR Energy provides power generation solutions to customers and communities around the world, with an emphasis on Africa, the Americas, Asia- Pacific, and the Middle East. For more information, visit the company's website at www.aprenergy.com.