BOURBON (EPA:GBB) JACCAR Holdings rises above the threshold of 25% of the capital stock of BOURBON

Transparency directive : regulatory news

23/01/2012 07:15

PRESS RELEASE

                                                     Paris, January 23, 2012

   JACCAR Holdings rises above the threshold of 25% of the capital stock of
                                       BOURBON

BOURBON was informed on 20th January that JACCAR Holdings SA had acquired
945 000 additional shares in BOURBON.

The participation of JACCAR Holdings SA in BOURBON thus passes from 24.6% to
26.04% of the capital and 25.7% to 27.12% of the voting rights.

Commenting on its rising above the 25% threshold JACCAR Holdings SA declared:

The Luxembourg company JACCAR Holdings, acting alone, has risen above the 25%
threshold of the capital in BOURBON subsequent to the acquisition of a block of
945 000 shares. This purchase was made with JACCAR Holding group's own funds.

JACCAR Holdings continues acting as a shareholder, namely a shareholder desirous
of accompanying the development and strategy decided on by the Board of
Directors of BOURBON.

The company will continue to manage its participation actively, and plans to
reinforce its position as and when the opportunity rises. JACCAR Holdings does
not intend to take over BOURBON

JACCAR Holdings is represented on the Board of Directors of BOURBON by Mr.
Jacques de Chateauvieux and Mrs. Lan Vo, respectively CEO and director with
delegated powers of JACCAR Holdings, and Board member and manager of the
Vietnamese branch of JACCAR Holdings. JACCAR Holdings does not intend to request
an increase in the number of members on the Board of BOURBON.

About BOURBON

BOURBON offers oil & gas companies with the most demanding requirements a
comprehensive range of surface and subsea marine services for offshore oil & gas
fields and wind farms, based on an extensive range of latest-generation vessels.
The Group provides a local service through its 26 operating subsidiaries, close
to clients and their operations, and it guarantees the highest standards of
service quality and safety worldwide.
BOURBON, a pure player in offshore, has two operating Activities: Marine
Services and Subsea Services. BOURBON also protects the French coastline for the
French Navy.

Under the "BOURBON 2015 Leadership Strategy" plan, the company is investing US$2
billion in a large fleet and by 2015 it will have 600 innovative and
high-performance offshore vessels.

Classified by ICB (Industry Classification Benchmark) in the "Oil Services"
sector, BOURBON is listed for trading on Euronext Paris, Compartment A, and is
included in the Deferred Settlement Service SRD and in the SBF 120, CAC Mid 60
and Dow Jones Stoxx 600 indices.

CONTACTS

Publicis Consultants
Jérôme Goaer       01 44 82 46 24 - jerome.goaer@consultants.publicis.fr
Véronique Duhoux   01 44 82 46 33 - veronique.duhoux@consultants.publicis.fr
Vilizara Lazarova  01 44 82 46 34 - vilizara.lazarova@consultants.publicis.fr

BOURBON
Relations Investisseurs - Analystes - Actionnaires
Patrick Mangaud    01 40 13 86 09 - patrick.mangaud@bourbon-online.com
Service Communication
Christa Roqueblave 01 40 13 86 06 - christa.roqueblave@bourbon-online.com

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Transparency directive : regulatory news

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