1. tape off area where holes will go with blue/green painters tape
2. mark center of holes with sharpie
3. use a new/sharp drill bit (standard steel bit) of appropriate size (1/4-20 comes to mind) to drill s-l-o-w-l-y but with a constant speed and pressure
4. ease up on drill speed and pressure BEFORE the bit breaks through the other side (not all caps are finished properly on the back side and the fiberglass could tear so take your time
5. use a chamfer bit to taper the outside edge of the holes with the tape still in place (use the same bit carefully from the back)
You are trying to gently ease the sharp edges of the new holes but don't go so far as to make the material too thin.
6. carefully (slowly) peel off the tape over itself and wipe the surface with a cloth to remove any dust
7. mount license plate with stainless steel bolts and nylon locking nuts with fender type washers on the back end of the cap
I would also use some nylon washers between the license plate/frame and the front of the cap to minimize scratches from the plate rubbing on the cap and you can also add some vinyl/plastic self-stick "dots" (like those used to silence cabinet doors) on the back side of the plate/frame to add more scratch resistance if you please.
8. have a beer (or coffee/tea) and congratulate yourself