Joint Venture

RNS Number:3823F
Plant Offshore Group Ltd
09 October 2007





                              Plant Offshore Group Ltd
                    ("Plant Offshore Group" or "the Company")

                 Joint Venture with EK Polymers and Elgem Technology


Plant Offshore Group is pleased to announce that it has entered into an
agreement ("Agreement") on 8th October 2007 with EK Polymers Sdn Bhd ("EKP") of
Malaysia and Elgem Technology Ltd ("Elgem"), incorporated in England, whereby
the parties are to incorporate a joint venture company ("JVC") to commercialise
the Rubber Seismic Isolation Technology ("RSIT"). Plant Offshore Group will own
70% of the JVC while EKP will own the remaining 30%.

EKP and Elgem are wholly-owned subsidiary companies of the Malaysian Rubber
Board ("MRB"), a governmental body established by the Government of Malaysia,
inter alia, to conduct research and development into new discoveries and
inventions with the objective of enhancing technological advancement in rubber
products. MRB is an acknowledged worldwide authority and leader on rubber and
rubber products and is the sole owner of the rights to the intellectual property
in relation to the RSIT.

The terms of the Agreement inter alia, provide the JVC with the sole and
exclusive worldwide marketing and sale rights for products using RSIT for a
period of, subject to certain conditions, twenty one (21) years. RSIT, a proven
technology whereby seismic isolation devices are installed in structures to
minimize the effect of the impact of earthquakes has been licensed by MRB
exclusively to EKP which, in turn, has extended the benefit of the licence to
the JVC with MRB's consent. Under the terms of the Agreement the JVC will pay
EKP an agreed royalty based on the sale price of the products using RSIT.

This technology typically involves the installation of high damping natural 
rubber bearings (made from natural rubber compound specifically developed by 
MRB) to the base of a structure such as a building, to deflect the earthquake 
energy back to the ground and prevent its transmission to the building, thus 
protecting lives and contents. Unlike conventional construction techniques, 
structures built using RSIT suffer minimal, if any, structural and 
non-structural damage after an earthquake.

Earthquakes are becoming a more and more common phenomenon. The United States 
Geological Survey stated that an average of eighteen (18) major earthquakes 
(magnitude of 7.0 to 7.9 on the Richter scale) and one great earthquake 
(magnitude 8.0 and greater) occur every year.

Governments in earthquake prone countries are continuously exploring ways to 
make structures such as buildings and bridges more earthquake resistant in order
to mitigate the loss of lives and damage to structures in the event of an 
earthquake. These include the legislation of earthquake resistant building codes
which can be complied with by using RSIT products.

Accordingly, the Company envisages great potential and demand for these 
products, especially in their application to housing and mission critical 
buildings such as hospitals and emergency centres which need to be functional 
after an earthquake, infrastructures such as bridges, storage tankers and 
offshore oil rigs and platforms.

Examples of proven successful applications of the RSIT are:-

-           The University of Southern California Hospital which is the first 
            hospital in the world to sit on rubber bearings, sustained no damage
            and remained operational despite being only 36km from the epicentre 
            of the 1994 Northridge, California earthquake whilst 31 other 
            hospitals were damaged and 9 were completely destroyed.

-           Kobe earthquake 1995: Base isolated buildings performed very well 
            during the earthquake. All bridges that collapsed were on steel 
            bearings whilst no bridge on rubber bearings collapsed. After this 
            earthquake, all newly-built bridges in Japan used only rubber 
            bearings.

The JVC is expected to commence the marketing and sale of these products towards
the end of the year with related and ancillary services to be provided by Plant 
Offshore Group.

Hang Chin Juan, Chief Executive Officer, commented:
"The creation of this JVC provides Plant Offshore Group with access to an 
outstanding product offering on an exclusive worldwide basis which complements 
and supplements our existing portfolio of products and services.

As this is a cost effective technology, it gives us a distinct competitive 
advantage in tendering for and securing projects where seismic resistant 
specifications are required. Although the potential market for RSIT products is
truly global, we will initially look to market them in earthquake prone 
countries such as Indonesia and the Middle East, as well as to our existing 
customers."

For further information please contact:

Plant Offshore Group                               [phone]
Hang Chin Juan, Chief Executive Officer
Kenneth Chai

HB Corporate                                       020 7510 8600
Luke Cairns
Jim McGeever

Threadneedle Communications                        020 7936 9605
Graham Herring
Josh Royston

Notes to Editors:

Plant Offshore is the holding company of an established and profitable group of
companies engaged in the business of providing integrated, multi-discipline EPCM
services to the oil and gas (onshore and offshore), petrochemical, biodiesel,
energy and other related industries ("Relevant Industries") predominantly
through its wholly-owned subsidiary, Plant & Offshore Technology Sdn Bhd ("Plant
& Offshore Technology"). The Group operates primarily in the ASEAN region but
this focus is expanding, with the Group having won contracts in the Middle East.
The services of Plant & Offshore Technology are focused on EPCM services. This
is broken down and incorporates the following features:

* Engineering "E" - specialist engineering design services;

* Procurement "P" - the procurement of the relevant materials and equipment to
meet design specifications such as skid and process equipment; and

* Construction Management "CM" - the management on a client's behalf of the
construction or fabrication of a project.
The services can be provided, together with more general Project Management,
either in totality or partially dependent on the client's requirements. In
addition Plant & Offshore Technology supplies industry specialists to the oil
and gas and related industries.

Plant Offshore listed on AIM, a market of the London Stock Exchange, in July
2007. For more information on the company, please visit www.plantoffshore.com




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

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