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DEPA wins major UK luxury hotel refurbishment contract

Depa Limited announced it has secured a £2 million furniture, fixtures & equipment (FF&E) contract to fit out the whole of the Raithwaite Hall Country Retreat in Yorkshire, United Kingdom, set for completion in October 2011. Depa was appointed by The Skelwith Group, a UK-based residential, commercial and leisure property development Company.

Paul Austin, CEO - Depa UK, commented:

"This is another excellent win in the UK as we continue grow our revenue base across the UK. Over the years, we have completed jobs on world-class hotels such as the FF&E at the Savoy, Grosvenor House and Waldorf Astoria and it is a clear indication of the level of quality that we provide in the luxury hotel market that we continue to secure high-end contracts with key industry players.

The UK remains an important element of our future plans, given the size of the economy and vast potential for high-quality, prestigious work. We are confident that this project will give Depa a footing in the wider UK FF&E market as we look to further establish our credentials in the commercial, residential and hotel sectors."

Depa 's work on the Raithwaite Hall Country Hotel is the FF&E of all 45-rooms and suites and the public areas including, lobby areas and the spa. The redevelopment of the 80-acre Raithwaite Hall Country Retreat began in February 2010 to turn it into a five-star hotel and spa. It will be the centrepiece of the development, complemented by further cottages built in the landscaped grounds fishing lakes, waterfalls and botanical gardens. It will be an international destination for weddings, conferences and leisure breaks.

Paul Ellis, Managing Director of the Skelwith Group added:

"This is the last piece of the jigsaw to ensure Raithwaite is an international destination. The appointment of DEPA is a major coup for both the hotel and indeed the area as it will bring a new level of opulence to the region.

"The finished hotel will be one of the finest hotels in Yorkshire and will be a beacon of tranquillity and luxury for our guests and visitors."

Depa UK has previously worked on London-based hotel projects such as Grosvenor House, Four Seasons Canary Wharf, Le Meridien Waldorf and the Savoy; in addition to UK-based hotels at Heathrow, Gatwick, Manchester and York.

-Ends-

About Depa Limited
Depa Limited is a leading interior contracting company in the Middle East, North Africa and Southeast Asia regions and has just relaunched in the UK. Operating principally in the luxury fit-out industry, its main areas of business cover luxury hotels, infrastructure and public sector amenities such as hospitals and airports, high-end residential properties, retail outlets, as well as yachts. Depa is listed on the NASDAQ Dubai (ticker DEPA) and has Global Depositary Receipts on the regulated market for listed securities of the London Stock Exchange plc (ticker DEPA and DEPS).

The range of business activities performed by Depa comprises:

Interior contracting: which focuses on luxury interior fit-out services, which include installation and finishing of floors, walls, ceilings, fixed joinery, panelling, wood-works, doors and frames;

Manufacturing: which comprises a network of factories and joineries which produce customized furniture, fixtures and equipment (FF&E);

Procurement: which involves the procurement of supplies and materials from third parties to support and complement Depa 's interior contracting and manufacturing operations as well as third party procurement contracts for specific FF&E projects.

By integrating these services into a single package, Depa provides clients with comprehensive and customized interior contracting solutions.

With more than 8,000 employees worldwide, the company operates through an integrated network of subsidiaries, affiliates and representative offices located in the UK, UAE, Saudi Arabia, Qatar, Egypt, Jordan, Syria, Libya, Morocco, India, Malaysia, Thailand, China, Singapore, UK, the Netherlands, and the United States. Through this network, Depa has successfully executed large and complex projects in over 16 countries including the Burj Al Arab Hotel (Dubai), Emirates Palace (Abu Dhabi), the Museum of Islamic Art (Doha), Four Seasons Hotels (Sharm El Sheikh & Mumbai) and Mazagan Resort (Casablanca).

For more information, please refer to the corporate website: www.depa.com

About the Skelwith Group
Founded in 2004, The Skelwith Group has a history of developing landmark residential, leisure and mixed-use projects throughout the North of England. This includes the Raithwaite Hall Country Retreat project and the £100 million Flaxby Country Resort, located in between York and Harrogate.

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© Press Release 2011