Imtech wins 55 million euro order for expansion of Cepsa refinery in Spain

Gouda, The Netherlands, 19 November 2007 - Imtech (technical services provider in Europe) has a strong position on the Spanish market for industrial technical services. Imtech was recently commissioned by oil producer Cepsa for the expansion of the Cepsa 'La Rábida' refinery in Huelva in Spain. This order represents a value of about 55 million euro. In southern Spain and the region around Madrid, Imtech offers the major players in the oil, gas and (petro) chemical industries added value in the field of industrial assembly, maintenance, shutdowns and revamping services. As a result of the huge demand for oil and gas products, the Spanish oil, gas and (petro) chemical industries are in the process of boosting production capacity substantially by means of expansion and upgrading. Imtech has been selected as technology partner for the expansion of the production capacity of the Cepsa refinery in Huelva. In this refinery, wide ranges of diesel products are produced from crude oil. Imtech will be responsible for implementing the complete mechanical solutions for this expansion, including entirely new crude and vacuum units, a Gascon unit and dozens of very large pressure vessels. Imtech is responsible for the detailed engineering, project management, planning and execution for the entire processing system, piping, all metallic structures and static and dynamic components of the extension of the production plant. Some of the materials required will be produced in Imtech's own 'mechanical shop' in the Huelva branch. The initial activities are already under way. Imtech expects to spend more than two years on this project, with an average of 400 people per month working on it. In combination with other current activities for Cepsa, such as long-term maintenance contracts for the Cepsa refineries in Algeciras and Tenerife, this order makes Imtech the primary subcontractor working for Cepsa. As a result of this expansion, the production capacity of Cepsa in Huelva will be doubled to about 10 million tonnes of ready-to-use diesel products per year. Further information Imtech N.V. Pieter Koenders Manager Corporate Communications Telephone: +31 182 54 35 28 E-mail: Imtech Profile Imtech N.V. is a European technical services provider in the fields of electrical engineering, ICT (information and communication technology) and mechanical engineering. With approximately 18,000 employees, Imtech realises annual revenue of 3 billion euro. Imtech holds strong positions in the buildings, industry, infrastructure/mobility markets in Belgium, Germany, Luxembourg, the Netherlands, Eastern Europe, Spain and the UK and in the global maritime market. Imtech provides services to a total of 12,000 clients. Imtech offers added value in the form of integrated and multidisciplinary total solutions that lead to improved operating processes and higher yields for clients and their clients in return. Imtech also provides solutions that contribute to a sustainable, liveable society, for example in the field of energy, mobility, safety and the environment. Imtech shares are listed on the Euronext Stock Exchange (Amsterdam), where Imtech is included in the Amsterdam SmallCap Index (AScX) and the Next 150 index.