CIU Cape

TIDMCIU

RNS Number : 3503T

Cape plc

03 October 2014

News Release

3 October 2014

Cape secures project with BP

Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, is pleased to announce the award of a contract with BP to supply its services within the Magnus Life Extension project, MLXP.

MLXP is a project being undertaken by BP as part of its North Sea renewals programme, and will see work carried out continuously from now through to Q2 2015. The North Sea business will then work systematically to renew and refresh the fabric of the asset on a large-scale-project basis, clearing the way to embark on new drilling and the value-adding work that will see Magnus maximise its potential.

Simon Hicks, Managing Director of Cape UK: "We are delighted to be awarded this project to support BP in its North Sea renewals programme, we look forward to working with BP to deliver this project safely and effectively"

About Cape:

Cape (www.capeplc.com), which is premium listed on the main market of the London Stock Exchange, is an international leader in the provision of critical industrial services principally to the energy and natural resources sectors. Our multi-disciplinary service offering includes access systems, insulation, specialist coatings, passive fire protection, refractory linings, environmental services, oil and gas storage tanks and heat exchanger replacement and refurbishment. Cape employs over 18,000 people working across 21 countries and in 2013 reported adjusted revenue of GBP697.1 million.

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Enquiries

Cape plc

Joe Oatley, Chief Executive +44 (0) 1895 459 979

   Michael Speakman, Chief Financial Officer                                   +44 (0) 1895 459 979 
   Rachel Amey, Director of Investor Relations                                 +44 (0) 1895 459 965 

Buchanan +44 (0) 207 466 5000

Bobby Morse, Ben Romney, Louise Mason

This information is provided by RNS

The company news service from the London Stock Exchange

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