Ocean Wilsons Regulatory News (OCN)

Ocean Wilsons Holdings Limited

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

Wilson Sons Limited ("Wilson Sons"), a public held company traded on the BM&FBovespa under the ticker WSON33, hereby announces to all its shareholders that, through its wholly-owned subsidiary Wilson Sons Estaleiros Ltda, it has signed a contract with Oceanpact Serviços Marítimos Ltda ("Oceanpact") for the construction of four Oil Spill Recovery Vessels ("OSRVs"), with recovered oil storage capacity of 1,050 m³, length of 67 meters, and beam of 14 meters. The contract shall be effective after the payment of the first installment of each vessel. 

For the construction of the four vessels, Oceanpact will pay approximately BRL 333 million (three hundred and thirty three million brazilian reais). The vessels, which are scheduled to be delivered by 2016, will be built in Wilson Sons' Shipyard complex, in Guarujá (SP).

Enquiries

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Keith Middleton 1 441 295 1309

Media

David Haggie 020 7562 4444

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Rick Thompson - Corporate Finance

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