LAM.L Regulatory News (LAM)

28 December 2017

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

DIRECTORATE CHANGE

Lamprell announces that Ellis Armstrong has decided not to stand for re-election as a Director at the 2018 Annual General Meeting ("AGM"). Dr. Armstrong has been an independent Non-executive Director for Lamprell since 27 May 2013 and he, together with the Lamprell Board, recognise the importance of refreshing its independent directors at appropriate times. With effect from 1 January 2018, Mr. James Dewar will replace Dr. Armstrong in the role of chair of the Audit & Risk Committee. Until the 2018 AGM, Dr. Armstrong will continue in his roles as the Company's Senior Independent Director and as a member of the Company's principal board committees.

John Malcolm, Chairman, Lamprell, said:

"On behalf of the Board, I would like to thank Ellis for his counsel and support over the past five years and I wish him all the best for the future."

Full year results for 2017 will be announced on 22 March 2018. The Group is planning to hold the 2018 AGM for Lamprell plc on Wednesday 23 May 2018.

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Notes to editors

Lamprell PLC, based in the United Arab Emirates ("UAE") and with over 40 years' experience, is a leading provider of fabrication, engineering and contracting services to the offshore and onshore oil & gas and renewable energy industries. The Group has established leading market positions in the fabrication of shallow-water drilling jackup rigs, liftboats, land rigs, and rig refurbishment projects, and it also has an international reputation for building complex offshore and onshore process modules and fixed platforms.

Lamprell employs more than 6,000 people across multiple facilities, with its primary facilities located in Hamriyah, Sharjah and Jebel Ali, all of which are in the UAE. In addition, the Group has facilities in Saudi Arabia (through a joint venture agreement). Combined, the Group's facilities cover approximately 828,000 m2 with 1.9 km of quayside.

Lamprell is listed on the London Stock Exchange (symbol "LAM").