(KENZ.L) Kentz Corporation Ltd Buy/Sell

RNS Number : 7258Z Kentz Corporation Ltd 28 September 2009

Kentz Corporation Limited

(the "Company")

Significant Shareholding

London, Monday 28 September 2009: Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, received notification on 25 September 2009 from Danache Holdings Limited ("Danache") that on 18 September 2009, it reduced its shareholding by 803,643 ordinary shares of 1p each in the Company ("Ordinary Shares") (the "Disposal").

Following the Disposal, Danache holds 12,535,570 Ordinary Shares, representing approximately 10.77 per cent of the Company's voting rights.

Danache was established prior to the Company's IPO as part of a management incentivisation arrangement on behalf of 83 members of the Company's senior management (excluding the directors, other than Ed Power, Chief Financial Officer of the Company). For the avoidance of doubt, Ed Power elected to retain his share entitlement within Danache and therefore did not receive any proceeds from the Disposal.

Pursuant to the terms of the share purchase agreements, as detailed in the AIM Admission Document, Danache is able to, inter alia, distribute up to 66.67 per cent. of the value of its Ordinary Shares if a profit target is achieved, which has now been achieved. As a result, 8,892,807 Ordinary Shares are now free to be distributed, of which only 9.04% of this number have been disposed of, as described above.

For more information about Kentz please refer to our website www.kentz.com or contact

Evolution Securities Limited (Nomad and Broker)

Tel: +44 (0)20 7071 4300

Rob Collins

Chris Sim

Tim Redfern

Powerscourt (Financial PR advisors)

Tel: +44 (0)20 7250 1446

Elizabeth Rous

Rob Greening

About Kentz

Kentz is a global engineering contractor, which serves a blue chip client base primarily in the oil and gas, petrochemical and mining and metals sectors. It is listed on the AIM market of the London Stock Exchange (symbol: KENZ). In the year ending December 2008, the company generated revenues of $643.4 million and profit before tax of $40.7 million.

Kentz has over 10,000 employees in 23 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.

Please find further information on the Kentz website www.kentz.com

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

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