Situation in Nigeria

Paris, October 17, 2012

BOURBON confirms that 7 crew members, 6 Russians and 1 Estonian were kidnapped during the boarding of the Bourbon Liberty 249, which occurred on October 15, 2012 in Nigeria.

The other 9 crew members are still onboard the vessel which is heading for the Port of Onne. They are safe and sound, and in good health.

The emergency unit set up immediately by BOURBON has been set up to aim at their rapid liberation under the safest security conditions.

BOURBON is in contact with the crewmembers’ families, supporting them, and keeping them regularly informed.

BOURBON will continue to disclose any new information when available and verified and will not make any comment, which could adversely affect the liberation of the hostages.

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. This array of services is backed by a wide range of latest generation vessels. The Group provides a local service through its 27 operating subsidiaries, 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 US$2 billion in a large fleet of innovative and high-performance and built-in series offshore vessels.

In 2011, BOURBON posted revenues of €1.008 billion and operates a fleet of 443 vessels as of March 31, 2012.

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 DowJones Stoxx 600 indices.

BOURBON press release