RNS Number:2088U
Cape PLC
14 January 2004


                                    CAPE PLC
                            ("Cape" or the "Company")
                                        
                                  Trading Update

Cape, the international industrial services business, will be announcing its
preliminary results for the year ended 31 December 2003 on Thursday 25th March
2004.

At the time of the interim results announcement in September, the Chairman,
Martin May commented: "Trading for the second half and over the year as a whole
will be broadly in line with plan and at similar levels to last year." Ahead of
the preliminary results, the Board is pleased to confirm that trading remains in
line with expectations.

Activity levels have increased in all operating regions, namely the UK,
continental Europe and the rest of the world. In the UK, volumes have increased
during the second half of the year as clients continued maintenance programmes
and carried out a number of major shut downs. Outside of Europe, demand for
services has been strong, and the Company remains well placed to benefit from
continued investment in LNG. This was highlighted by the recent order for
scaffolding, insulation and painting services on the Qalhat LNG plant in Oman
for Chiyoda Foster Wheeler.

Growth prospects are promising as the Company looks to expand its industrial
services offerings within its existing markets, particularly in the Middle and
Far East. The Board therefore looks forward to the year ahead with confidence.

                                                                 14 January 2004

Enquiries:

Cape PLC                                    Tel: 020 8236 6201
Martin K May, Chairman

College Hill                                Tel: 020 7457 2020
Matthew Gregorowski


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

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