Silverdell PLC - Re Contract

Silverdell PLC

("Silverdell" or "the Company")

Contract Awards

Silverdell PLC (AIM: SID), the Specialist Environmental Support Services group, today announces that it has been awarded a number of contracts in May totalling £3.58 million, including a contract in Canada for an International Specialist Material Company which will deliver £1.25 million of revenues in the second half of the current financial year. The contract is an important step in Silverdell's broader strategic initiative to penetrate a number of regulated international markets. Under the terms of the contract the company will carry out asbestos removal works as sole provider to a major decommissioning project.

In addition, Silverdell is pleased to confirm that the £0.5m of major rail infrastructure works in the South East, announced on 3 April 2012 is likely to be for a materially higher contract value and is now anticipated to form part of a larger framework contract to include up to 72 stations over the next 7 years.

These contracts further boost the Company's order book which, as of 31 March 2012, stood at a record high of £133 million, £33 million of which relates to the second half of the current financial year (2011 H2 order book was £24 million and H2 2011 revenues of £32 million reported) underpinning the Board's confidence in meeting full year expectations.

Sean Nutley,Chief Executive Officer for Silverdell Plc, commented:

"These contracts demonstrate the ongoing successful implementation of our growth strategy. The work in Canada marks an important first stage in our penetration of certain international markets in which asbestos management is highly regulated. Canada has a great deal of potential in this regard. The further UK Rail framework contract continues to enhance the quality of our earnings and shows the strengthening of our relationships with major customers in sectors where there is significant and ongoing investment. We see compelling opportunities to continue to expand in the UK Rail sector.

"Our record order book gives us a high degree of visibility and, consequently, we continue to look forward to the future with confidence."

11 May 2012

ENQUIRIES:

Silverdell

Tel: + 44 20 7389 6800

Sean Nutley, Group Chief Executive


Ian Johnson, Group Financial Director




finnCap

Tel: + 44 20 720 0500

Marc Young (Corporate Finance)


Ben Thompson (Corporate Finance)


Victoria Bates (Corporate Broking)




College Hill


Helen Tarbet

Tel: + 44 20 7457 2020

Mark Garraway

+ 44 78 2560 9737

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