RNS Reach

1 August 2023

Harland & Wolff Group Holdings plc

("Harland & Wolff" or the "Company")

Contract Win - Heavy Lift Vessel in Belfast

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce that it has been awarded a contract to undertake repairs on the Sun Shine, a heavy lift vessel owned by the Korean-based Pan Ocean Group.

This vessel is the first of its kind to be dry docked in the Company's Building Dock in Belfast. The contract value is estimated to be £0.80 million, and the vessel will enter the dry dock on 7 August 2023 for a period of approximately 21 days where it  will undergo a series of repairs including seal changes, steel works and painting.  

John Wood, Group Chief Executive Officer of Harland & Wolff comments: "We are delighted to have signed this contract with Pan Ocean and we look forward to working on the Sun Shine  and redelivering it to the client, on time and on budget. Our reputation and recognition for handling large complex vessels in Belfast is growing globally and this bodes well for a number of similar outstanding bids that we have made. We expect the Belfast yard to be busy over the course of the summer and it is pleasing to see the momentum that is developing in the yard".

For further information, please visit  www.harland-wolff.com  or contact:

About Harland & Wolff

Harland & Wolff is a multisite fabrication company, operating in the maritime and offshore industry through five markets: commercial, cruise and ferry, defence, energy and renewables and six services: technical services, fabrication and construction, decommissioning, repair and maintenance, in-service support and conversion.

Its Belfast yard is one of Europe's largest heavy engineering facilities, with deep water access, two of Europe's largest drydocks, ample quayside and vast fabrication halls. As a result of the acquisition of Harland & Wolff (Appledore) in August 2020, the company has been able to capitalise on opportunities at both ends of the ship-repair and shipbuilding markets where there will be significant demand.

In February 2021, the company acquired the assets of two Scottish-based yards along the east and west coasts. Now known as Harland & Wolff (Methil) and Harland & Wolff (Arnish), these facilities will focus on fabrication work within the renewables, energy and defence sectors.

In addition to Harland & Wolff, it owns the Islandmagee gas storage project, which is expected to provide 25% of the UK's natural gas storage capacity and to benefit the Northern Irish economy as a whole when completed.