CIU.L Regulatory News (CIU)

Embargoed: 0700hrs, 6 July 2010

CAPE WINS ABU DHABI CONTRACT

BOROUGE PHASE 3 PETROCHEMICAL EXPANSION PROJECT

Cape plc, the international provider of essential, non-mechanical industrial services principally to the energy and mineral resources sectors, has been awarded a letter of intent valued at circa US$18 million to provide Thermal Insulation Works on the Borouge Phase 3 petrochemical project in Ruwais, Abu Dhabi. Cape has been operating in Abu Dhabi since 1979 and this award follows Cape's successful completion of the Thermal Insulation Works on Borouge Phases 1 & 2.

The award has been made by Consolidated Contractors International Company and Linde Engineering, the main Engineering, Construction and Procurement (EPC) contractors for the construction of the ethane cracker.

The Borouge Phase 3 expansion will quadruple Borouge's polyolefins production capacity at Ruwais to over 4.5 million tonnes per year by 2013, making it the largest integrated polyolefins site in the world.

Borouge is a leading provider of innovative, value creating plastics solutions. A joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's major oil companies, and Austrian based Borealis, a leading provider of chemical and innovative plastics solutions, the company's footprint reaches across the Middle East, Asia Pacific, the Indian sub-continent and Africa.

Martin May, Chief Executive of Cape plc, commented,

"We are delighted to receive this award and to continue our long standing involvement with Borouge - the construction of one of the most impressive downstream facilities in the world."

For further information please contact:

Cape plc Martin May, Chief Executive or Richard Bingham, Chief Financial Officer Tel. +44 (0)20 3178 5498

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.