Acquisition

Expro International Group PLC 30 November 2006 NOt for release, publication or distribution, in whole or in part, in, into or from the united states of america, canada, australia, japan or south africa 30 November 2006 Expro International Group PLC Acquisition of Power Well Services (the "PWS Acquisition") Expro International Group PLC (the "Company") today announces that it has agreed to release the vendors ("Vendors") of Power Well Services Inc, and Power Well Holdings Luxembourg S.A.R.L. ("PWS") from their lockup undertakings (entered into as part of the PWS Acquisition arrangements) to the extent required to in order to enable them to sell up to 8,350,607 ordinary shares of 10p each in the Company ("Expro Shares") through a proposed accelerated book-built placing (the "Placing") also announced today by JPMorgan Cazenove Limited (the "Placing Announcement"). The Vendors are FR IX Offshore, L.P., Schmidt 2001 Family Partnership, Ltd and D&D Schmidt Family Partnership, Ltd and the 8,350,607 Expro Shares were received by them as partial consideration under the PWS Acquisition arrangements and represent in aggregate approximately 7.6% of the existing issued ordinary share capital of the Company. The Company notes from the Placing Announcement that if all the 8,350,607 Expro Shares are sold, FR IX Offshore, L.P., and D&D Schmidt Family Partnership, Ltd will no longer hold Expro Shares and Schmidt 2001 Family Partnership, Ltd will hold 169,536 Expro Shares representing approximately 0.15% of the of the existing issued ordinary share capital of the Company. As part of the arrangements to release the Vendors from the lockup undertakings for the purpose of the placing, the Company has agreed that if net cash proceeds from the sale of some or all of the 8,350,607 Expro Shares pursuant to the Placing are: (a) equal to or in excess of US$67,450,000, then US$67,450,000 of the net cash proceeds will be retained within the escrow arrangements agreed at the time of the PWS Acquisition and the request to obtain the Company's consent to the disposal of the Expro Shares in the lockup undertaking will cease; or (b) less that US$67,450,000, then Expro Shares, to the extent that such shares are not sold in the placing, having a value equal to US$74,195,000 will be retained within the escrow arrangements agreed at the time of the PWS Acquisition and the Company's consent to the disposal of such shares then held by the Vendor's in the lockup undertakings will continue as originally agreed as regards the Expro Shares then held by the Vendors. This amends the original agreement to retain within the escrow arrangements on 27 January 2007 (being 180 days after First Completion) Expro Shares of a value equal to $74,195,000. Enquiries: Expro International Group PLC +44 1189 591 341 Michael Speakman, Finance Director John McAlister, General Counsel JPMorgan Cazenove Limited +44 20 7588 2828 (Corporate broker to Expro) Barry Weir This information is provided by RNS The company news service from the London Stock Exchange
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