GBP 1.5 million Contract Win

RNS Number:1877J
Plexus Holdings Plc
05 December 2007

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services

5 December 2007



                Plexus Holdings PLC ('Plexus' or 'the Company')
       Wins #1.5 million two-year contract with Wintershall Noordzee B.V


Plexus Holdings PLC, the AIM quoted oil and gas engineering services business,
has received a Letter of Award from leading international oil and gas producer,
Wintershall Noordzee B.V ("Wintershall") to supply, subject to completion of
relevant contract terms, the Company's proprietary POS-GRIP(R) wellhead systems,
mudline suspension systems and associated services. Plexus' equipment will be
utilised for exploration activities in the Dutch, English, German, and Danish
sectors of the North Sea.  The value of the contract is estimated at #1.5
million, with revenues commencing in the final quarter of the Company's
financial year to 30 June 2008.


Plexus will provide Wintershall with its proprietary POS-GRIP technology
wellhead rental equipment on a two-year contract with a built in option to
increase this to three years.  The contract is estimated to be for approximately
12 new exploration wells and will use 10,000 psi POS-GRIP wellhead equipment.


Plexus CEO Ben van Bilderbeek said, "Plexus has a longstanding relationship with
Wintershall which extends back to 2001 when it became our first non UK customer.
We are delighted that the management of Wintershall continues to appreciate the
performance benefits of POS-GRIP technology and we look forward to working
closely together over the coming years. In addition, this agreement acts as
further testament to the strength of our POS-GRIP technology as the tender was
awarded against strong competition from established international wellhead
companies."


                                  * * ENDS * *



For further information please visit www.posgrip.com or contact:

Ben van Bilderbeek    Plexus Holdings PLC               Tel: [phone]
Graham Stevens        Plexus Holdings PLC               Tel: [phone]
Elizabeth Kennedy     Brewin Dolphin                    Tel: [phone]
Ken Fleming           Brewin Dolphin                    Tel: [phone]
Felicity Edwards      St Brides Media & Finance Ltd     Tel: [phone]
Isabel Crossley       St Brides Media & Finance Ltd     Tel: [phone]


Notes

Plexus Holdings PLC

Plexus, which began trading on AIM in December 2005, is an established oil and
gas engineering, and services business based in Aberdeen, with an office in
London and a presence in Houston, Texas. It has developed and patented a method
of engineering for oil and gas field wellheads and connectors, POS-GRIP, which
involves deforming one tubular member against another to effect gripping and
sealing.

POS-GRIP wellhead systems have to date been used in over 120 oil and gas wells
by international companies including BHP Billiton, BP, Brunei Shell Petroleum,
ConocoPhillips, Gaz de France, Global Santa Fe, Maersk, Petro-Canada Trinidad &
Tobago, Repsol, Talisman Energy, Tullow Oil, and Wintershall.

The Company plans to accelerate the roll out of POS-GRIP technology as a
superior alternative to current wellhead technology. It has particular
advantages in HP/HT oil and gas environments for which there is increasing
demand throughout the world. The Company's long-term goal is to develop POS-GRIP
technology as the future industry standard for wellhead design. This objective
includes the distribution of POS-GRIP technology through licensees to maximise
market penetration.




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