Acquisition

LMS Capital PLC
04 September 2007


4 September 2007

                                LMS Capital Plc

           Energy Cranes Acquisition of Marine & Mainland and update

The Board of LMS Capital plc (the "Company") is pleased to announce that Energy
Cranes International ("Energy Cranes"), the Aberdeen-based offshore crane
engineering specialists in which LMS Capital is the majority shareholder
alongside the management team, has bought the assets of Marine & Mainland Crane
Services Inc.

The transaction will double Energy Cranes' share of the US offshore crane
service market and create an enlarged business projecting 2008 revenues in the
US market exceeding US$86 million. The acquisition of Marine & Mainland adds 135
people to Energy Cranes' US workforce and extends its service network within
Texas, Louisiana and throughout the Gulf of Mexico. The combined business will
provide opportunities to improve efficiency and develop increased resources to
meet market demands.

This deal further strengthens Energy Cranes' position in the offshore services
business and it has made three other significant announcements in the last
month: the acquisitions of Aberdeen Hydraulic Services (AHS) and the
intellectual property of the former Bucyrus Erie, as well as winning a contract
with Indian state oil producer Oil and Natural Gas Corporation Limited (ONGC).

Annual revenues of Energy Cranes are currently running at $200 million and these
transactions will have a significant positive impact on both revenues and
profitability.

AHS, acquired in August, has been merged with the hydraulics division of Energy
Cranes to form a specialist hydraulics engineering business, Aberdeen
Hydraulics, which will provide design, manufacture, supply and refurbishment
services for hydraulics systems.

Energy Cranes has also acquired the intellectual property of the former Bucyrus
Erie crane manufacturing company. There are believed to be some 250 large
Bucyrus Erie cranes in offshore service, and this deal brings to well over 2,000
the number of cranes worldwide for which Energy Cranes is the sole provider of
parts and support.

Last month Energy Cranes won a multi-million dollar contract with Indian state
oil producer Oil and Natural Gas Corporation Limited (ONGC) for the
refurbishment of twenty-two American Aero cranes located in ONGC's Mumbai High
Asset.

John Jordan, Energy Cranes Chief Executive Officer, commented:

"Energy Cranes has been demonstrating value and safety gains in crane service to
operators and vessel owners since our formation in 2003, while Marine &
Mainland, led by Alan Schaefer and Tim O'Neill, has been growing as a similarly
strong player in this sector. Some consolidation in the marketplace is essential
if contractors are to continue to leverage these safety and performance benefits
to clients while developing the service network and skills base the market
demands of us."

LMS Capital's Chief Executive Officer, Robert Rayne said of recent progress:

"We are delighted with the recent progress made by the management of Energy
Cranes in developing the business both organically and with these acquisitions.
This gives Energy Cranes more scale and breadth to support the global oil and
gas industry through its offshore cranes and lifting services. The group, which
now employs over 1,500 people, has a global presence and an unprecedented record
of safety and excellence."

LMS Capital plc                                     020 7935 3555

Robert Rayne, Chief Executive Officer

Martin Pexton, Managing Director

Tony Sweet, Chief Financial Officer


Arbuthnot Securities Limited                       020 7012 2000

Alastair Moreton

Brunswick Group LLP                                020 7404 5959

Simon Sporborg

Anisha Patel


About LMS Capital

LMS Capital plc is an independent investment company whose shares are traded on
AIM. The investment portfolio comprises investments in both the US and UK, with
a spread of early stage and second round technology investments, development
capital and mature company buy-outs.


                      This information is provided by RNS
            The company news service from the London Stock Exchange