Lamprell Names Interim CFO (UAE)

Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announced that Frank Nelson has been appointed as Interim Chief Financial Officer and will join the senior management team with immediate effect.

Nelson has over 25 years of experience in the construction and energy sectors. He joins Lamprell from construction and house-building group Galliford Try Plc, where he served as Finance Director until September 2012.

In the meantime, the Board continues to make progress in its search to recruit a permanent CEO, CFO and COO, and it will provide updates in this respect as appropriate.

John Kennedy, Chairman, Lamprell, commented:

“The Board stated previously that it was looking to recruit experienced candidates in certain critical roles to help with the process of guiding the Company through this difficult period, and so I am pleased that Frank has agreed to join us on an interim basis. Frank’s extensive experience and knowledge of working within a listed company will be hugely valuable to the Company as we continue to address some of the historical issues that the Company is facing. I would like to welcome him on board.”

[mappress]

November 13, 2012