Atlantic Coal – Production Update

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, has signed an agreement to supply as the end user LLC Gazflot, a subsidiary of leading Russian oil and gas company Gazprom, with its proprietary TRT-S™ mudline suspension equipment for oil and gas exploration drilling activities for one well offshore West Kamchatka in the Magadan Basin in the Okhotsk Sea, Russia.  The contract for the supply of both MLS and service is worth approximately $500,000 USD, and is expected to be completed by November 2011.