Bateman Engineering N.V. ("Bateman Engineering or the “Company")

9 August 2007 (London)

Award of US$100m contract from Dynatec Madagascar SA

Bateman Engineering is pleased to announce the signing of a contract with Dynatec Madagascar SA (DMSA), valued at approximately US$100m, for the provision of sulphuric acid facilities for its Ambatovy Nickel project in Madagascar.

The engineering and procurement project is to commence immediately with mechanical completion of the first of the two sulphuric acid plants scheduled for September 2009, with the first sulphuric acid plant to be commissioned immediately thereafter and the second one following approximately three months later. 

The contract covers the design, engineering and procurement of a single sulphur melting and filtration circuit with two separate stand alone 2,750 tonnes per day sulphuric acid plants, thus providing 5,500 tonnes per day of acid production capacity.

The process engineering will be undertaken in collaboration with Canadian technology company Noram Engineering and Constructors Limited (“Noram”) who are the holders of the underlying process technology, and with whom Bateman Engineering have entered into a long term Technology Licence Agreement. 

Commenting on the award, Dr Sivi Gounden, CEO of Bateman Engineering, said:

“This contract is the first ‘greenfield’ sulphuric acid plant to be built by Bateman Engineering in the recent past and therefore marks an important re-entry into this significant utility market together with our technology partners, Noram.  We see this as a key opportunity to build a state-of-the-art reference plant.”

 ENQUIRIES:                                                                                                    

Bateman Engineering
Dr. Sivi Gounden, CEO		+27 11 899 2673
Jonathan Ben-Cnaan, CFO		+41 79 756 6039
College Hill
Nicholas Potter (Analysts)			+44 20 7457 2037
Matthew Gregorowski (Media)			+44 20 7457 2029

Note for editors:

Bateman Engineering is a technology-driven engineering-project house serving the minerals and metals industries worldwide. Bateman Engineering’s shares (BATE.L) are traded on AIM, a market of the London Stock Exchange. Since 29 June 2007 its shares have been included in the FTSE AIM 100 Index. The company is currently capitalised at approximately £275 million.

DMSA is a Madagascan company, 40% owned by Sherritt International (who recently acquired Dynatec Corporation), 27.5% by Sumitomo Corporation, 27.5% by KORES (Korean Resources Corporation) and 5% by SNC Lavalin.