Lamprell Appoints Jonathan Silver as Non-Executive Director

Lamprell has appointed Mr. Jonathan Silver as a Non-Executive Director of Lamprell at the Company’s Board meeting held on August 24, 2007 pursuant to a nomination received from Lamprell Holdings Limited. Lamprell’s Articles of Association stipulate that whilst Lamprell Holdings Limited holds more than 15 percent of the issued shares, Lamprell Holdings Limited has the right to request the appointment of one Non-Executive Director of the Company.

Jonathan trained and qualified as a solicitor with a leading City of London law firm, working first in London and later in the United Arab Emirates. In 1981, he started his own practice in the United Arab Emirates and merged that practice with Clyde & Co in 1989. Jonathan has headed up Clyde & Co's operations in the region since then overseeing a period of dynamic and continued growth. Jonathan Silver has over 27 years of experience working in the Middle East in the areas of international banking and finance, mergers & acquisitions, private equity, project and construction work. This work has involved him in most sectors of commercial activity including international trade, energy, construction, shipping, commodities and insurance.

Jonathan, through Clyde & Co, has been associated with the Lamprell Group for more than 17 years providing legal advice on numerous matters including the recent IPO.

Jonathan (age 54) does not hold any shares in the Company.

Speaking on the appointment of Jonathan Silver, Peter Whitbread, Chairman and CEO said:

"We are delighted to welcome Jonathan Silver to the Board of the Company, Jonathan’s experience and knowledge of the Middle Eastern region’s legal regime and his association with the Group over a number of years through Clyde & Co, one of the Company’s legal advisers, will be a great advantage and we look forward to working with him as Lamprell continues to grow."