Contract Wins

Plexus Holdings Plc
04 December 2006



Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services



4 December 2006

                Plexus Holdings PLC ('Plexus' or 'the Company')



Expands into Trinidad following contracts wins to supply Repsol and Petro-Canada



Plexus Holdings PLC, the AIM listed oil and gas engineering services business,
has won contracts to supply Repsol E&P T&T LTD ('Repsol') and Petro-Canada
Trinidad & Tobago Block 1A Inc & 1B Inc ('Petro-Canada') with its proprietary
POS-GRIPTM wellhead systems.  Both companies will utilise Plexus' exploration
rental wellhead equipment, mudline suspension equipment and service support in
offshore Trinidad, which is an additional territory of operation for the
Company.



The Repsol contract, won through the Company's partners in Trinidad, IAL
Engineering Services Ltd, commences this month for an undefined period, whilst
the Petro-Canada contract runs initially for two years starting in early 2007.
The number of wells will depend on the overall level of exploration activity,
but the directors believe that Repsol and Petro-Canada will initially drill at
least six wells between them, which would result in sales revenues in excess of
£500,000.



The Company's rental business forms a key part of its worldwide growth strategy.
  During the past 12-months a number of new rental wellhead markets have opened
up for the Company including Egypt and Brunei, particularly for its unique high
pressure and high temperature Jack up drilling rental wellhead equipment.



Plexus CEO Ben van Bilderbeek said, 'These new contracts are testament to the
growing awareness of Plexus amongst major oil companies. They broaden our
geographic reach and further lift the profile of the unique POS-GRIP method and
its considerable time saving and safety benefits.  We are focused on securing
additional international long-term contracts to add to our already impressive
blue-chip client list, which includes British Gas, BP, ConocoPhillips, Maersk
and Shell.'



                                  * * ENDS * *



For further information visit www.posgrip.com or contact:

Ben van Bilderbeek             Plexus Holdings PLC            Tel: [phone]

Graham Stevens                 Plexus Holdings PLC            Tel: [phone]

Isabel Crossley/Felicity Edwards   St Brides Media & Finance Ltd     Tel: [phone]



Notes

The Plexus Group is an established oil and gas engineering, and service business
based in Aberdeen, with an office in London and a presence in Houston, Texas
through PDT. Plexus' primary has developed and patented a method of engineering
for oil and gas field wellheads and connectors, named POS GRIPTM, which involves
deforming one tubular member against another to effect gripping and sealing.
Plexus was admitted to trading on AIM in December 2005 when it raised
approximately £10m of new funds for the Company.



POS-GRIP wellhead systems have been used in more than 90 oil and gas wells to
date by international customers and end users including, ConocoPhillips, BHP
Billiton, Talisman Energy, Tullow Oil, Global Santa Fe, Gaz de France and
Wintershall. In February 2004, BP contracted to purchase POS-GRIP gas platform
production wellhead systems for the US$4.1 billion Shah Deniz development, one
of the major gas fields in the Caspian Sea. Between 2005 and the end of 2008,
the Directors estimate that this relationship has and will generate revenues in
excess of £6.5 million for the Group.



The Group is aiming to accelerate the roll out of POS-GRIP technology as a
superior alternative to current wellhead technology. It has particular
advantages in High Pressure/High temperature (HP/HT) oil and gas environments
for which there is increasing demand throughout the world. The Company's
long-term goal is to develop POS-GRIP technology as the future industry standard
for wellhead design. This objective includes the distribution of POS-GRIP
technology through licensees to maximise market penetration. The Directors
believe that the Plexus Group can over time become a member of the 'first tier'
of global wellhead systems suppliers.






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