Supply Vessel Contract

RNS Number : 3176Z

Ocean Wilsons Holdings Ld

14 March 2012

 

Ocean Wilsons Holdings Limited

Our principal operating subsidiary, Wilson Sons Limited announced to the Brazilian and Luxembourg Stock Exchanges the following announcement.

Wilson Sons Limited announces that further to the Press Release of June 2^nd 2011, that our joint venture Wilson, Sons Ultratug Offshore in which Wilson Sons has a 50% of interest, signed a contract with Petrobras for the construction and operation of four PSV 4500 (Platform Supply Vessel). These contracts are part of the program for the renovation of the offshore support fleet ("Prorefam").

The Company intends to finance the four vessels through the Marine Merchant Fund (FMM). The vessels will be built at the Wilson Sons Shipyard in Guarujá, São Paulo, and are expected to be delivered by 2015.

Company Contact

Keith Middleton                                  1 441 295 1309

Seymour Pierce Limited                        020 7107 8000

Guy Peters - Corporate Finance

David Banks - Corporate Broking

 

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