Ocean Wilsons Regulatory News (OCN)

Ocean Wilsons Holdings Limited

Platform Supply Vessels

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

Wilson Sons Limited ("Wilson Sons" or "the Company"), a publicly-held company traded at BM&FBovespa under the ticker WSON33, announces to all its shareholders that Wilson Sons Ultratug Offshore ("WSUT"), a subsidiary in which Wilson Sons has a 50% interest, has signed contracts with Petrobras for the lease of three Platform Supply Vessels (PSV´s) for a period of two years.

These three vessels, Albatroz, Gaivota and Fragata, have deadweight of 3,000 tons and a modern dynamic positioning system. The vessels, that have previously operated long term contracts with Petrobras, were in the spot market since October 2015.

The Company also announces that the vessel Mandrião is available in the spot market. The vessel, which has deadweight of 3,000 tons, is in process of registration in the REB (Special Brazilian Registry) to operate as a Brazilian flag vessel.

Enquiries

Company Contact

Keith Middleton 1 441 295 1309

Media

David Haggie 020 7562 4444

Haggie Partners LLP

Cantor Fitzgerald Europe 020 7894 7000

Rick Thompson - Corporate Finance

David Banks - Corporate Broking