Lamprell confirmed that it has signed the very large contract and received a full notice to proceed from Moray Offshore Windfarm (West) Limited. The base scope of work includes the construction of 60 wind turbine generator transition pieces and two transition pieces for Moray West's two offshore substations, as well as for the shipping of the transition pieces to a marshalling harbour in the UK. To complete these works, the Group will make use of a renewables production line, which is currently under construction and through which will be able to construct jacket components, transition pieces and monopiles for this and future renewables projects.

Lamprell has reviewed its definition of contract values as a result of recent changes in its bid pipeline. The new ranges are listed below: Small contract: value below USD 50 million; Medium-sized contract: between USD 50 million and up to USD 100 million; Large contract: over USD 100 million and up to USD 200 million; Very large contract: over USD 200 million.