Cape is pleased to announce that its Philippines operations have secured a multi-discipline service contract, worth US$22 million over two years, to provide support services on the Clough Amec joint venture Bayu-Undan offshore facilities in the Timor Sea. Cape will provide a wide range of specialist services on this Asset Integrity Maintenance Remediation campaign including access solutions, coating, lifting and rigging, crane operations, management and supervision.

The Bayu-Undan gas and condensate field in the Timor Sea is estimated to hold over 400 million barrels of hydrocarbon liquids and 3.4 trillion cubic feet of gas. The surface facilities consist of a central production and processing complex, unmanned wellhead platform and floating storage and offloading facility.

Mike Harding, Director of Offshore Operations Asia Pacific Rim, of Cape, commented:

"This contract win reinforces Cape's long standing relationship with Clough Amec on Bayu-Undan offshore facilities. Cape is highly experienced in providing multi-discipline services offshore and we look forward to supporting our client in delivering the project safely and on time."

About Cape:

Cape plc (www.capeplc.com), which is listed on the main market of the London Stock Exchange, provides a range of non-mechanical industrial services including access systems, insulation, painting, coatings, blasting, industrial cleaning, training and assessment to both industrial plant operators and major international engineering and construction companies.

As a single source provider, Cape is able to provide a range of specialist multi-disciplinary services specifically tailored to meet the needs of the client providing the most intelligent and cost efficient solutions for our customers non-mechanical in-plant maintenance and capital needs.

In the year ended 31 December 2010, Cape reported revenues of £650.1 million. With scale and leading market positions across its international footprint, Cape employs over 18,000 people in 29 countries.

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