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From: Nigel
ArtDate: 16 August 2006
Section: (FILLYABOOTS NEWS RELEASES)
Remote Name: 87.74.234.173
Date: 19/08/06
Time: 11:31

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16th August 2006

Rheochem - Contract Extension

News Item - Conduit PR

Rheochem Plc (“Rheochem” or the “Company”) Contract extension

The Director’s of Rheochem are pleased to announce that the Group’s wholly owned subsidiary, Rheochem Pacific Ltd, has extended its existing contract with Contact Energy Limited for a further six wells. The existing contract is to supply drilling fluids and related services to Contact Energy Limited for their geothermal field drilling campaign in New Zealand.

The supply of drilling fluids and engineering services is expected to commence by the end of August 2006.

For more information:

Haydn Gardner, CEO Rheochem +44 (0) 20 7987 7511

Laurence Read / Leesa Peters +44(0) 20 7429 6666 Conduit PR

Edward Portman Conduit PR Ltd 76 Cannon St EC4N 6AE Office: +44 (0) 20 7429 6666 Direct: +44 (0) 20 7429 6607 Fax: +44 (0) 20 7429 6699 Mob: +44 (0) 773 3363 501

www.conduitpr.com

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