Cape PLC : Announcement of refinancing

Announcement of refinancing

Cape plc is pleased to announce that it has signed a new £295m revolving credit facility and a £50m accordion for the Group. This new facility replaces the Group's existing £200m and AUD$30m facilities which are due to expire in July 2015. The new facility provides the Group with greater covenant flexibility and will terminate in April 2018. The facility has been arranged with a group of 8 banks, comprising existing syndicate members of Barclays Bank plc, Lloyds Bank plc and HSBC Bank plc and a number of new lenders, Abbey National Treasury Services PLC, AIB Group (UK) P.L.C., DNB Bank ASA, ICBC (London) PLC, and National Westminster Bank PLC.

Commenting on the announcement, Joe Oatley, Chief Executive, said:

"These new facilities strengthen our financial position and provide us with the balance sheet to grow our business both organically and potentially acquisitively. The terms of these facilities reflect the banks' confidence in the strategic prospects for the Group."

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Enquiries:

Michael Speakman, Chief Financial Officer, Cape plc

michael.speakman@capeplc.com

+44 (0)18 9545 9970

Bobby Morse, Ben Romney & Louise Mason, Buchanan

+44 (0)20 7466 5000

About Cape:

Cape plc (www.capeplc.com), which is listed on the Main Market of the London Stock Exchange, provides a range of essential industrial services including access systems, insulation, refractory linings, painting, coating, blasting, industrial cleaning, training and assessment to 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 its clients' in-plant maintenance and capital needs.

In the year ended 31 December 2012, Cape reported revenues of £745.7 million. With scale and leading market positions across its international footprint, Cape employs over 21,000 people around the world.