DIRECTORATE CHANGE APPOINTMENT OF NEW CEO

Lamprell (ticker: LAM), a leading provider of diversified fabrication, engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that Christopher McDonald has been appointed as Chief Executive Officer and director effective 1 October 2016, succeeding Jim Moffat who will be retiring from the Company as previously announced.

Prior to his appointment, Mr McDonald held the position of Executive Vice President and Group Head of Business Development with Petrofac based in the UAE where he had overall accountability for global sales for the company.

Mr McDonald, a US national, has extensive international experience in the EPC and oilfield services sectors having worked and lived in the USA, Asia, Australia, Europe and the Middle East. Prior to joining Petrofac, he spent 18 years with Halliburton/KBR during which time he served on the Board of MW Kellogg Ltd. and led KBR’s worldwide lumpsum

EPC sales and marketing activities. He has a Bachelor’s degree in Mechanical Engineering from Cornell University. Mr McDonald will join the Company on 13 September and transition into the CEO role effective 1 October.Following a handover period, Jim Moffat will take up his part time consultancy role from mid November until 31 March 2017 as previously announced and will stand down as a director on 30 September 2016.

Mr John Kennedy, Chairman, Lamprell, said:
“I am absolutely delighted that we have managed to secure the appointment of someone of Christopher’s calibre and experience. He has an outstanding track record with two of the most respected companies in our industry and he brings a significant depth of leadership capability and market knowledge. I am confident that we have secured an outstanding executive to lead the business through the challenging market conditions that we are facing and to succeed Jim Moffat who has made a significant contribution to the success of the business since taking up his role in March 2013. I am also pleased that Jim will continue to serve the Company in a parttime
consultancy role which will provide a smooth transition. On behalf of the Board I thank Jim for his efforts and significant achievements during the last three years.”

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 Christopher McDonald other than as follows:

Current Directorships
• None

Previous Directorships (past 5 years)
• None

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

-ENDS-

Media enquiries:
Sofie Verbruggen: sverbruggen@lamprell.com
Lamprell Corporate Communications: communications@lamprell.com