Formal Notice

Ocean Wilsons Holdings Ld
27 September 2005

Ocean Wilsons Holdings Limited



27 September 2005



Further to the announcement made in December 2004, the Board of Ocean Wilsons
Holdings Limited announces that it has concluded the review of its strategic
options in relation to the Company's Brazilian operations and has decided to
continue to remain focused on its current operations and to invest in their
future development.



The acquisition of a further 33% equity interest in Tecon Rio Grande S.A.,
making it a wholly owned subsidiary, is consistent with the Board's strategy and
strengthens the Company's position in the growing container terminal market in
Brazil.



The Board believes that the strength of our Brazilian business continues to
present exciting opportunities for future growth and remains committed to
creating long term value for shareholders


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