Updated release date of the 2019 Financial Results

5 May 2020

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

UPDATED RELEASE DATE OF THE 2019 FINANCIAL RESULTS

Due to the ongoing challenges resulting from the COVID-19 pandemic, the Company has concluded with its auditor, Deloitte, that it is appropriate to take additional time to finalise the Group's annual report and financial statements, and the audit thereof. Accordingly Lamprell expects to announce its financial results for the full year ended 31 December 2019 on 13 May 2020.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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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 4,000 people across multiple facilities, with its primary facilities located in Hamriyah, UAE. Combined, the Group's facilities cover approximately 828,000 m2 with 1.6 km of quayside. In addition, the Group has facilities in Saudi Arabia (through a joint venture agreement).

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