KBC.L Regulatory News (KBC)

Embargoed until 0700 15 July 2014

KBC Advanced Technologies plc ("KBC")

US$5.8 million software contract award

KBC is pleased to announce a US$5.8 million five year contract award from a large South American based multinational energy company.

The contract, which constitutes a renewal, extension and expansion of an existing licence, will see KBC immediately expand the licence of its refinery wide simulation software suite, Petro-SIMTM and the associated SIM-suiteTM reactor models, to the refinery business that the energy company owns and operates.

Andrew Howell, Managing Director of Technology at KBC, said: "This contract with one of the largest energy multinationals in the world, following the announcement of a major licence with another South American national oil company in June, demonstrates the relevance of the Petro-‑SIM engineering simulator to the process industry and validation of KBC's focus on quality and value.

"The client has a long history of using Petro-SIM for refinery wide simulation and this contract affirms a greater commitment to the product. KBC is delivering on its unique vision of refinery wide process simulation to enable refinery operators to achieve operational excellence in whatever fiscal or geographical environment they operate."

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