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Fluid Leader Group Plc (FLGP)

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Tuesday 03 March, 2009

Fluid Leader Group Plc

Factory Development


                                                             3rd March 2009

                            Fluid Leader Group Plc                             

                       ("Fluid Leader" or "the Company")                       

    Fluid Leader Group Plc appoints Metic Group Plc to develop factory and     
                       warehouse facilities in Sharjah.                        

`Fluid Leader Group Plc (PLUS:FLGP) the oil and gas pipeline connection,
maintenance and repair company today announces that it has agreed heads of
terms to appoint Metic Group Plc (AIM:METC) the architectural structure,
glazing and building specialist to develop a purpose built factory and
warehouse for the company in the Feezones in Sharjah.

Metic Group Plc will undertake and complete all works and services to design
and construct the development in the United Arab Emirates for a total sum not
to exceed £12.5 Million.

Within the next 60 days and upon execution of the building contract, Fluid
Leader will pay to Metic Group Plc the sum of £1.2 Million deposit to be
satisfied by the allotment of new ordinary shares in the Company at the bid
price of on the day of the execution of the building contract.

The Board of Fluid Leader is delighted to have appointed Metic to develop the
hub of its operations in the United Arab Emirates.

Phillip Marley the Chairman of Metic Group Plc said "This contract further
expands our operations into the Middle East, taking advantage of our highly
skilled and qualified management team which has extensive experience in the
region".

The Directors of the Issuer accept responsibility for this announcement.

ENQUIRIES

FLUID LEADER GROUP PLC

Martin Boulton 
020 7298 2222

RIVINGTON STREET CORPORATE FINANCE 

Monisha Varadan 
[email protected] 
0207 562 3389


Leo Godsall
[email protected]
0207 562 3393

                                                                                                                                                          

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