BOURBON : Disposal of Holding in Sucrerie de Bourbon Tay Ninh

PARIS, November 18, 2010 /PRNewswire-FirstCall/ -- BOURBON announces that it has today signed the sale of its holding in Sucrerie de Bourbon Tay Ninh, in Vietnam, to a group of Vietnamese investors for 34 million euros (at current VND exchange rate).

With this disposal, BOURBON will be fully divested from the sugar company located in Vietnam, in which the Group still held a 68.52% stake.

BOURBON thus affirms its position as a "pure player" in offshore oil and gas marine services.

About BOURBON

BOURBON offers a broad range of deepwater and continental offshore oil and gas marine services. Under the new "BOURBON 2015 Leadership Strategy" plan, the company will invest US$ 2 billion to offer its most demanding oil and gas clients a large fleet of 600 innovative and high performance vessels. It will guarantee the highest standard of quality service worldwide, under completely safe conditions.

BOURBON also protects the French coastline for the French Navy.

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 and Dow Jones Stoxx 600 indices.

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    BOURBON

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SOURCE BOURBON MANAGEMENT