LAM.L Regulatory News (LAM)

 30 August 2013

LAMPRELL PLC("Lamprell" and with its subsidiaries the "Group")

CONTRACT AWARD

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that an international drilling contractor has taken up an option that Lamprell had for a kit for a Super 116E (Enhanced) Class design Mobile Offshore Drilling Platform and has now made a contract award to Lamprell for the construction and delivery of a completely outfitted, LeTourneau designed, jackup rig. Lamprell will fabricate the jackup rig in its Hamriyah facility with expected delivery in Q1 2015.

James Moffat, Chief Executive Officer, Lamprell, said:

"I am delighted to be able to announce this new contract award from a highly valued customer for the construction of a Super 116E jackup rig. Lamprell has a track record for constructing jackup rigs to very high safety and quality standards and we have confidence in our ability to deliver this project as planned. We continue to see a good bid pipeline and are focused on capitalising on the growth opportunities we see in the Group's core markets."

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