THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Ocean Wilsons Holdings Limited
(the "Group" or the "Company")
Response to media speculation
The Board notes recent Brazilian media speculation to the effect that the Company is negotiating the sale of its 57% owned subsidiary, Wilson Sons S.A. ("Wilson Sons").
The Company confirms that it is undertaking a strategic review involving the Company's investment in Wilson Sons. That review, which will consider all potential strategic options, is currently at an early stage and there can be no certainty as to its outcome.
The Company has not received any formal proposals from any third party with regard to a potential transaction involving Wilson Sons.
A subsequent announcement will be made as required.
For further information, please contact:
| Ocean Wilsons Holdings Limited Leslie Rans
| Tel: +1 (441) 295 1309
|
| Peel Hunt LLP - Financial adviser and broker Charles Batten Ed Allsopp Ben Harrington
| Tel: +44 (0) 20 7418 8900
|
The person responsible for arranging the release of this announcement on behalf of Ocean Wilsons is Leslie Rans.
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