Three-Year Framework Agreement

Tekmar Group plc (AIM: TGP), the leading provider of technology and services for the global offshore energy markets, is pleased to announce that its subsidiary RYDER, has been awarded a three-year framework agreement by Nexans S.A. ("Nexans") (EPA: NEX), a global leader in the design and manufacturing of cable systems and services.

Under the framework, RYDER will provide a wide scope of critical engineering support to Nexans and its associated offshore wind projects worldwide, including:

• Cable burial risk assessments
• Installation analysis
• Specialist subsea engineering consultancy

Richard Turner, CEO of Tekmar, commented: "We are delighted to strengthen our relationship with Nexans through this agreement. This opportunity reflects our expertise and our ability to deliver high-quality engineering support and our skilled team is committed to providing innovative, high-quality solutions that support the success of Nexans' projects. We look forward to delivering value under this framework over the next three years."

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About Nexans

For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2023, Nexans generated 6.5 billion euros in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized on the CDP Climate Change A List as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi).