Lamprell Appoints New CFO

As announced earlier, Chief Financial Officer of Lamprell will step down by the end of this year, the Company is pleased to confirm that it has agreed terms for the appointment of Jonathan Cooper as Chief Financial Officer. It is anticipated that Jonathan will join the Company in the latter part of 2011. In the meantime, Scott Doak will continue in the role of Chief Financial Officer and will facilitate the handover to Jonathan in due course.

Jonathan has been Finance Director at Sterling Energy plc since 2008. Previously he was Finance Director at Gulf Keystone Petroleum. He started his career at KPMG, before joining Dresdner Kleinwort Benson, having graduated from Leeds University with a Bachelor’s degree and PhD in mechanical engineering.

Jonathan Silver, Chairman, said, "I would like to welcome Jonathan Cooper to Lamprell. His extensive experience in the oil and gas sector will be very useful to Lamprell as it continues to explore the exciting opportunities that lie ahead. I am confident that Jonathan will make a strong contribution to Lamprell and assist the Company to enhance its record of increasing shareholder value."

In accordance with the UK Listing Rules, the Company confirms that there are no further details that are required to be disclosed under paragraph LR 9.6.13 R of the UK Listing Rules in respect of Jonathan Cooper.