New Shell Contract

Velosi Limited
24 January 2007


                     VELOSI SECURES EUROPEAN SHELL CONTRACT


The Velosi Group ('Velosi'), a provider of quality assurance and quality control
services to a number of major national and multinational oil and gas companies,
is pleased to announce that it has been awarded the Shell EP Europe Inspection
and Expediting contract for a duration of three years.

In a competitive bid process Velosi has been awarded this exclusive contract,
effective from 1 January 2007. Shell Exploration and Production in the UK,
Nederlandse Aardolie Maatschappij (NAM) in the Netherlands, Norske Shell in
Norway and Enterprise Oil Ireland have recently combined to form one European
company, Shell EP Europe.  The contract will cover work stemming from all four
of these Shell operations.

Velosi was previously awarded a contract in May 2003 with Shell UK Exploration
and Production covering work for the main Shell operating centre in Aberdeen.
This contract expired on 31 December 2006, those services now being included in
this new contract.

'This contract is a significant expansion of the one we previously held with
Shell UK,' said Dr Nabil Abdul Jalil, Chief Executive of Velosi. 'It reflects
well on the work we have done for Shell to date and on our ability to deliver
cost effective solutions on a global basis. The continuation of our relationship
with Shell in Europe is an excellent platform from which we can become involved
in further opportunities with Shell globally.'


For further information

+----------------------+-----------------------+---------------------+
|Velosi                |Dr. Nabil Abdul Jalil  |[phone]  |
|                      |                       |                     |
|                      |Joe Vincent            |                     |
+----------------------+-----------------------+---------------------+
|Cardew Group          |Tim Robertson          |[phone]  |
|                      |                       |                     |
|                      |Eden Mendel            |                     |
|                      |                       |                     |
|                      |Emma Consett           |                     |
+----------------------+-----------------------+---------------------+


About the Velosi Group

The Velosi Group, founded in 1982, provides quality assurance and quality
control services to a number of leading national and multinational oil and gas
companies, including BP, Shell, ExxonMobil and Chevron. The Velosi Group
operates globally through four principal offices in the USA, the UK, Malaysia
and the UAE and has operational or representative offices in a further 27
countries worldwide. Velosi joined the AIM market on 21 August 2006. The placing
raised £10 million (before expenses), the net proceeds of which are being used
to repay existing loans, provide financing for the Group's acquisitions and
planned expansion into new regions, and to provide working capital for the
Group. For more information, visit www.velosi.com.



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