CIU.L Regulatory News (CIU)

News Release

9 February 2015

Cape establishes joint venture with Prezioso Linjebygg

Cape plc and Prezioso Linjebygg SAS, the international providers of essential support services to the energy and natural resources sectors, are pleased to announce that they have concluded an agreement to create a Joint Venture company to bring together the capacity, experience and skills of both organisations in order to support the upcoming new-build nuclear programme in the UK. The agreement is subject to necessary regulatory approvals.

This new company will offer the programme a complete service capability in terms of industry know-how in Europe, both organisations having a significant heritage in this sector in the UK and France.

Joe Oatley, Chief Executive of Cape commented: "We are pleased to enter into this joint venture with Prezioso Linjebygg to establish a company dedicated to the UK's nuclear new-build sector, capitalising on the substantial structure and experience of both organisations for the benefit of our potential customers and our shareholders."

About Cape:

Cape (www.capeplc.com), which is premium listed on the main market of the London Stock Exchange, is an international leader in the provision of critical industrial services principally to the energy and natural resources sectors. Our multi-disciplinary service offering includes access systems, insulation, specialist coatings, passive fire protection, refractory linings, environmental services, oil and gas storage tanks and heat exchanger replacement and refurbishment. Cape employs over 18,000 people working across 21 countries and in 2013 reported adjusted revenue of £697.1 million.

About Prezioso Linjebygg SAS:

Prezioso Linjebygg SAS (www.prezioso-linjebygg.com) assists its customers in extending the life and optimising the cost of their most critical assets by designing and implementing services for protective and insulation coatings (with related access means) and engineering and deploying solutions for asset inspection, repair, maintenance and modification. With 60 years of experience, Prezioso Linjebygg has built up a portfolio of blue-chip customers, especially in the Nuclear and Oil and Gas sectors. The group has more than 5,600 employees working in 17 countries and reported a revenue of 480 million Euros in 2014.

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Enquiries

Cape plc

Joe Oatley, Chief Executive +44 (0) 1895 459 979

Michael Speakman, Chief Financial Officer +44 (0) 1895 459 979

Rachel Amey, Director of Investor Relations +44 (0) 1895 459 965

Buchanan +44 (0) 207 466 5000

Bobby Morse, Ben Romney, Jason Day