15 July 2024
Harland & Wolff Group Holdings plc
("Harland & Wolff" or the "Company")
Accounts Update
Further to its announcement on 1 July 2024, the Company continues work to finalise the audit process and publish its 2023 Annual Report and Accounts ("Accounts") as soon as possible. The audit is now undergoing final audit partner reviews. The Company will make an announcement as soon as the audit is complete and the Accounts are published, following which suspension of trading in its shares is expected to be lifted.
For further information, please visit www.harland-wolff.com or contact:
| Harland & Wolff Group Holdings plc John Wood, Chief Executive Officer Arun Raman, Chief Finance Officer
| +44 (0)20 3900 2122 |
| h2Radnor (Investor Relations) Neville Harris | +44 (0) 20 3897 1838 |
| Cavendish Capital Markets Limited (Nominated Adviser & Broker) Stephen Keys / Callum Davidson / Dan Hodkinson (Corporate Finance) Michael Johnson (Sales)
| +44 (0)20 7397 8900 |
| Liberum Capital Limited (Joint Broker) Nicholas How / Edward Mansfield
| +44 (0)20 3100 2000 |
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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.
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