Acquisition

Ocean Wilsons Holdings Ld
30 August 2005



                         Ocean Wilsons Holdings Limited

     Completion of the acquisition of a further 33% in Tecon Rio Grande S.A


Ocean Wilsons Holdings Limited a leading supplier of maritime services in
Brazil, today announced the completion of its acquisition of a further 33%
equity interest in Tecon Rio Grande S.A. in accordance with the announcement
made on 18 August 2005.


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