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    STX OSV responds to rumours of impending sale

    Yard News // January 18, 2012

    STX OSV has released a statement regarding rumours that it is considering a sale to Sembcorp Marine.

    "We refer to the recent comments in the media about a potential sale of our shares in STX OSV Holdings Limited. The media comments will need to be addressed in market disclosure by the company under applicable rules for SGX-ST listed companies."

    "In order to ensure that consistent information is provided by the STX Europe group of companies, STX Europe AS confirms that we as part of our ordinary course assessment of available strategies are exploring the viability of a sale of shares in the company, and that we have retained JPMorgan Chase Bank, NA, Hong Kong Branch and Standard Chartered Securities Korea Limited in connection therewith."

    "However, at this juncture STX Europe emphasizes that there is no certainty that a sale of shares in the Company will take place. STX Europe will update this information in the event of any significant developments."



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