CIU.L Regulatory News (CIU)

13 Jun 2006 07:01

Cape PLC13 June 2006 Cape PLC ("Cape" or "the Company") Contract Awards Cape PLC, (AIM: CIU), the international provider of support services for theenergy sector, is pleased to announce a significant new contract renewal. Potential expenditure in excess of £10 Million Cape's subsidiary and sole operating business, Cape Industrial Services Limited("CIS"), has secured the renewal of a significant contract with Drax PowerLimited. The contract, which will be managed from CIS's Elsham and Doncasterdepots, is to provide maintenance services, including the provision of Access,Insulation and industrial cleaning at Drax Power Station, near Selby, NorthYorkshire. The contract builds and develops on the existing relationship betweenCIS and Drax Power Limited and runs for a period of five years from 1st July2006. Mike Reynolds, Acting Managing Director of Cape Industrial Services said: "Wehave worked with this major client for many years and we are delighted to havebeen awarded this contract." Dorothy Thompson, Chief Executive of Drax Power Limited said: "Cape'sperformance to date across the Drax Power Station asset, particularly withregards to safety and innovative working methods, has been a significant factorin the award of this contract. " Martin May, Cape's Chairman, said: "This contract award along with earlierawards across the Group confirms that trading over the first half is ahead ofplan whilst the outlook for the second half is extremely positive." For further information, please contact: Cape PLCMartin May, Chairman +44 (0) 1924 876 276 Bell Pottinger Corporate & FinancialNick Lambert +44 (0) 20 7861 3232 / +44 (0) 7811 358 764 Notes to editors Cape PLC is the parent company of a number of service providing organisations(the 'Group') operating primarily in the oil and gas, petrochemical and powergeneration industries. The Group has turnover of c. £260 million and employsaround 7,700 people in 23 countries worldwide. The Group's sole operating business is Cape Industrial Services ('CIS'). CISspecialises in the provision of scaffolding, insulation, fire protection andother essential services to major industrial clients in the energy sector. CIS operates in Bahrain and Saudi Arabia under the name RB Hilton. In the UK, CIS also operates as Cape Hire and Cape Security. This information is provided by RNS The company news service from the London Stock Exchange