Kentz Corporation Limited : Director/PDMR Shareholding

Kentz Corporation Limited

Long Term Incentive Plan (LTIP) awards

London, 23 January 2012: Kentz Corporation Limited ("Kentz" the "Company"), the holding company of the Kentz engineering and construction group ("the Group"), has been notified that the following share awards have been made pursuant to the Company's LTIP scheme, to certain Directors/Persons Discharging Managerial Responsibility ("PDMR") over 383,294 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), as follows:   

Director/PDMR	LTIP Share Awards	Options held	Ordinary Shares held	% of issued share capital
Hugh O'Donnell	57,124	127,000	7,500,000	6.44
Ed Power1	32,797	127,000	1,018,936	0.88
Christian Brown	145,212	0	•	•
Eddie Lewis	25,968	0	•	•
Eoin Hurley	29,921	127,000	0	0.00
James Moore1	29,630	127,000	52,739	0.05
Mike Murphy1	29,921	127,000	234,496	0.20
Eamonn O'Hanlon1	19,377	127,000	98,543	0.08
Adrian Griffin2	13,344	127,000	63,027	0.05

1.     Each of Messrs. Ed Power, James Moore, Mike Murphy, and Eamonn O'Hanlon is individually interested in the respective number of Ordinary Shares set opposite his name through Danache Holdings Limited under the Management Incentivisation Arrangement. The shares in Danache Holdings Limited are held by Essex Trust Limited on trust for the participants in the Management Incentivisation Arrangement. The shareholdings in Danache Holdings Limited held on trust for these individuals corresponds to the (pro rata) beneficial interest each of them has in the Ordinary Shares in the Company, held by Danache Holdings Limited.

2.     Mr. Adrian Griffin is interested in 58,596 shares through Danache Holdings Limited under the Management Incentivisation Arrangement. The shares in Danache Holdings Limited are held by Essex Trust Limited on trust for Mr. Adrian Griffin. The shareholding in Danache Holdings Limited held on trust for Mr. Adrian Griffin corresponds to the (pro rata) beneficial interest he has in the Ordinary Shares in the Company, held by Danache Holdings Limited.

The LTIP Plan was adopted by the Company on 10 June 2011. Initially the remuneration committee had determined that Hugh O'Donnell and Ed Power would not participate in the LTIP. The remuneration committee has reviewed this decision when considering the above share awards and has concluded that, due to Kentz's outstanding performance in 2011, Hugh O'Donnell and Ed Power should be able to participate in the LTIP scheme. The remuneration committee approved on the 18 January 2012 that Hugh O'Donnell remains eligible for participation in the LTIP Plan under his new three year strategic advisory agreement.

In accordance with the LTIP scheme rules for conditional awards, the share awards were made based on a share price of 450 pence per Ordinary Share, being the average quoted market price of the Company's shares on the five dealing days prior to the date of grant.

The share awards have been granted on a conditional basis and no shareholder rights will be conferred upon the grantee until the awards have vested. Such vesting is subject to, inter alia, the achievement of the performance criteria of the scheme over the three year measurement period to 31 December 2014 in relation to 30% of the award and the executive's continued employment with the Group over the three year period in relation to the balance.

Ends

Contacts:

Kentz Corporation Limited 

Tel: [phone]

Elizabeth Rous

Catríona Nugent

About Kentz

Kentz is a global engineering specialist solutions provider, which serves a blue chip client base primarily in the oil and gas, petrochemical and mining and metals sectors. It is listed on the London Stock Exchange (symbol: KENZ). In the year ending December 2010, the company generated revenues of US$1.06 billion and profit before tax of US$67.5 million.

Kentz has over 11,500 employees in 28 countries. Its three main business lines are; specialist engineering, procurement and construction (EPC) services, construction, and technical support services. It has a proven track record of delivering mechanical, electrical, controls and instrumentation engineering, construction and management services in some of the most remote locations on earth.