BOURBON (EPA:GBB) Bourbon : 2013 Combined Shareholders' Meeting

Transparency directive : regulatory news

28/05/2013 19:00

Press release

Paris, May 28, 2013

                          Combined General Meeting
         and Decision of the Board of Directors of May 28, 2013

The Combined General Meeting of BOURBON shareholders was held today in Paris,
chaired by Mr. Jacques de Chateauvieux.

All the resolutions submitted to a vote were approved, notably:

* Distribution of a dividend of EUR0.82 per share, equivalent to that paid in
  2012
  As of the stock market on June 03, 2013, the BOURBON share will be quoted
  ex-dividend.
  The dividend will be paid starting June 06, 2013.
  To receive this dividend, people must be the holder of record on
  June 5, 2013, meaning that the last day to buy shares and still receive the
  dividend is prior to the market closure on May 31, 2013.

* Allocation of 1 free bonus share for every 10 held, as had been done in 2011
  The delegation of authority granted to the Board of Directors to increase the
  share capital by incorporation of reserves in the form of a bonus share
  award to shareholders with a ratio of 1 new share for 10 existing shares.
  Fractional odd lot shares will not be transferable or negotiable; the
  corresponding shares will be sold. The record date for the shares to be
  eligible for this assignment is June 4 in the evening. This award will take
  place as of June 5, 2013, the date on which BOURBON's share price will be
  adjusted, until July 4, 2013.

* Reappointment of Ms. Vo Thi Huyen Lan and Mr. Jacques de Chateauvieux as
  directors for three years

* Appointment as director of Mr. Christian Lefèvre for a period of three years,
  following the recommendation of the the Nominating, Compensation and
  Governance Committee
  For the record, Mr. Christian Lefèvre, Chief Executive Officer of BOURBON
  since January 1, 2011, was appointed Chief Operation Officer on December 5,
  2005.

The Board of Directors, which was held today at the end of the Annual General
Meeting, decided to reappoint Mr. Jacques de Chateauvieux as Chairman of the
Board, a position that he has held since 1979, for the duration of his term of
office.

ADDENDUM
A material error occurred in the documentation for the meeting of 28 May 2013
concerning the sixteenth resolution relating to the authorization granted to
the Board for the issuance of various securities; indeed, the threshold of
"thirty million euros (EUR 30 million)" set forth in the original text of the
resolution submitted to the shareholders should read "three million euros
(EUR 3,000,000)."

Convened on May 28, the Board of Directors has adopted the amendment allowing
the shareholders to vote on the corrected text.

* FINANCIAL CALENDAR

- Release and presentation of 2013 1st half results     August 28, 2013
- 3rd Quarter 2013 revenue release                     November 6, 2013

About BOURBON

BOURBON offers the most demanding oil & gas companies a comprehensive range of
surface and subsea marine services for offshore oil & gas fields and wind
farms. These services are based on an extensive range of latest-generation
vessels. The Group provides local service through its 27 operating affiliates
close to clients and their operations, and it guarantees the highest standards
of service quality and safety worldwide.

BOURBON has two operating Activities (Marine Services and Subsea Services) and
also protects the French coastline for the French Navy.

Under the "BOURBON 2015 Leadership Strategy" plan, the Group is investing in a
large fleet of innovative and high-performance offshore vessels built-in
series.

In 2012, BOURBON posted revenues of EUR1.187 billion and as of March 31, 2013,
it operated a fleet of 465 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, in the SBF 120 and CAC Mid 60
index.

CONTACTS

PR Agency : Publicis Consultants

Jérôme Goaer
+33 (0)1 44 82 46 24 - jerome.goaer@consultants.publicis.fr

Véronique Duhoux
+33 (0)1 44 82 46 33 - veronique.duhoux@consultants.publicis.fr

BOURBON

Investors - Analysts - Shareholders Relations
James Fraser       +33 (0)4 91 13 35 45 - james.fraser@bourbon-online.com
Communication Department
Christa Roqueblave +33 (0)1 40 13 86 06 - christa.roqueblave@bourbon-online.com

                          www.bourbon-online.com

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BOURBON (EPA:GBB) Bourbon : 2013 Combined Shareholders' Meeting

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