Contract Agreement

Gas Turbine Efficiency PLC 11 May 2006 11 May 2006 Gas Turbine Efficiency plc GTE signs multi-year agreement with Siemens Industrial Turbines AB Gas Turbine Efficiency plc ('GTE' or 'the Company'), a leading supplier of advanced high pressure gas turbine cleaning systems, announces that it has signed a multi-year agreement with Siemens Industrial Turbines AB (SIT), part of Siemens AG, to supply its cleaning systems as a standard feature of SIT's complete range of turbines. The agreement covers an initial term effective until 31 December 2009 with an automatic option to extend it by a further one year unless terminated by either party. The deal strengthens an existing partnership under which GTE's cleaning systems have been incorporated as a standard product in SIT's turbines since 1995. GTE will manufacture and supply gas turbine cleaning systems to SIT in Sweden for inclusion in its entire range of industrial turbines, as well as other future models, for shipments worldwide. Sweden is SIT's manufacturing base for its industrial turbines designed to deliver an output of between 17 megawatts and 43 megawatts. These turbines are aimed primarily at the mid-range power generation and the oil & gas industries. GTE is an industrial partner of SIT, one of the world's leading manufacturers of industrial turbines. Based on historical trends, the Company expects to deliver between 35 and 60 systems per year for SIT's new units. Steven Zwolinski, chief executive of GTE, said: 'We are delighted to cement our relationship with Siemens, a key industrial partner, with this new contract. This agreement provides a solid framework for our industrial turbines business and is a further validation of GTE's proven technology. As power generators face soaring fuel costs and tighter emission standards, it is becoming increasingly important to run turbines efficiently by keeping them clean with GTE's advanced solutions.' Enquiries: Gas Turbine Efficiency plc Steven Zwolinski +46 8 546 10 500 Libertas Capital Aamir Quraishi, Charles Goodfellow + 44 20 7569 9650 Corfin Communications Neil Thapar, Harry Chathli + 44 20 7929 8989 About GTE Gas Turbine Efficiency plc, whose shares are trading on London Stock Exchange's AIM market (Ticker: GTE), develops, assembles and markets cleaning systems, as well as other associated equipment, for the internal cleaning of gas turbine compressors. The Company sells its products globally to international blue chip customers in the aviation and industrial sectors and to date its products have been used on over 1,000 gas turbines across 34 countries in Europe, the Middle East, Asia and the Americas. Its operational centres are located in Stockholm, Sweden and Houston, Texas, USA. This information is provided by RNS The company news service from the London Stock Exchange
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