RNS Number:2940N 
Kentz Corporation Ltd 
05 February 2008 
 
 
               Kentz Corporation Limited - First Day of Dealings 
 
 
London, 5 February 2008: Kentz Corporation Limited (the "Company"), the holding 
company of the Kentz engineering and construction group, is pleased to announce 
the admission of its ordinary shares to trading on the AIM market of the London 
Stock Exchange. 
 
 
The placing raised £66.7 million (c. $131.8 million) before expenses, of which 
£18.8 million (c. $37.1 million) was raised by the Company, before expenses, 
with the remainder going to selling shareholders. The placing price was 115p (c. 
$2.27) per share. At the placing price, the company was valued at £133.8 million 
(c. $264.4 million). The number of ordinary shares in issue immediately 
following admission is 116,371,470. (Based on an exchange rate of £1.0 = $1.976) 
 
 
Evolution Securities Limited acted as Kentz's broker and nominated adviser on 
the fundraising and the admission. 
 
 
Commenting on the fundraising and admission, Hugh O'Donnell, CEO of Kentz said: 
 
"We are delighted to announce our admission to AIM, which is an important 
milestone in the Company's history. We believe that Kentz's proven track record 
with blue-chip clients and potential growth opportunities, particularly in the 
oil, gas and mining sectors, has generated strong support from a broad range of 
investors. 
 
"The management team has a clear strategy to capitalise on growth opportunities 
and in doing so, aims to create value for our shareholders. We believe that 
being a publicly traded company will allow us to consolidate the hard work and 
investment in the business over the recent years and enable us to further our 
position in the engineering and construction marketplace. We welcome our new 
investors to the Company and would like to thank our existing investors for 
their continuing support." 
 
 
Evolution Securities Limited (Nomad) Tel: +44 (0)20 7071 4300 
 
Rob Collins 
 
Tim Redfern 
 
Lloyd Thomas 
 
 
Powerscourt (Financial PR advisors) Tel: +44 (0)20 7250 1446 
 
Rory Godson 
 
Sarah Daly 
 
Elizabeth Rous 
 
 
 
About Kentz 
 
   -Kentz is a successful engineering contractor, which serves clients 
    primarily in the oil and gas, petrochemical and mining and metals sectors. 
    The Company's principal activities are the provision of mechanical, 
    electrical, controls and instrumentation engineering, construction and 
    management services 
   -Kentz offers services to global customers and its geographical presence 
    aims to reflect the demand of those clients. Kentz currently has activities 
    in Saudi Arabia, Kuwait, Qatar, UAE, South Africa, Mozambique, Zambia, 
    Madagascar, Russia, Azerbaijan, Kazakhstan, Malaysia, Indonesia, USA, 
    Canada, the Caribbean, Australia, Norway and Ireland. Kentz operates in some 
    of the most remote locations on earth 
   -The Group's turnover is derived from blue chip end user clients and also 
    from engineering, procurement and construction (EPC) contractors. The 
    Group's end user clients include: Shell, ExxonMobil, Chevron, Marathon, HESS 
    and Sasol in the oil and gas sector; SIPChem, Linde and Krupp Uhde in the 
    petrochemicals sector; and One Steel, Mittal Steel and Anglo Coal in the 
    mining and metals sector. The Group's EPC contractor clients include Fluor, 
    Bechtel, JGC, Foster Wheeler and Technicas Reunidas. 
   -Kentz has a proven health and safety record 
   -Kentz has an experienced senior management team and the ability to source 
    an experienced and technically skilled workforce. The average length of 
    service of the top 100 core management is over 18 years. Kentz currently 
    employs over 7,000 people on a full time basis 
   -In the year ending December 2006, the company generated revenues of $370 
    million and profit before tax of $25 million 
   -Kentz can trace its origins to 1919 through the activities of various M F 
    Kent entities. The Company is incorporated in Jersey 
   -The shares are trading under the ticker KENZ. For additional information 
    on the company please go to www.kentz.com. 
 
 
 
 
 
 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
 
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