Statement re New Construction

14 Mar 2008 13:35

Ocean Wilsons Holdings Ld14 March 2008 OCEAN WILSON HOLDINGS LIMITED announces that its subsidiary Wilson Sons ComercioIndustria e Agencia de Navegacao Ltda. has started construction of four PSVs(Platform Supply Vessels) for Magallanes de Navegacao S/A, three vessels arePSV-3000 and one is a PSV-4500. The total contracted value is approximately US$ 100 million. The contracts areforecast to be completed by the beginning of 2011. This information is provided by RNS The company news service from the London Stock Exchange