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Swire Pacific Limited
(Incorporated in Hong Kong with limited liability)

For Immediate Release 28 June 2012

SPO Announces New PSV Order

Swire Pacific Offshore (SPO) today announced the order of 6 high-specification 3700 DWT PSVs (with options for a further 4 vessels) from Universal Shipbuilding Corporation (USC) in Japan. The vessels will be built in USC's Keihin shipyard and deliver progressively from 3Q 2014. These orders follow on from the order of four 5000 DWT PSVs from USC in late 2011.

Mr Neil Glenn, Managing Director of Swire Pacific Offshore, said, "We are delighted to announce this additional PSV order with USC. SPO now has 29 vessels on order and will have one of the youngest, most technologically advanced and reliable fleets in the industry - ensuring we are well aligned with the future demands of our customers."

For more information please contact Rick Symington, Commercial Manager.

Telephone: +65 6496 8276

Email: rick.symington@swire.com.sg

-End-

Swire Pacific Offshore (SPO) is a trusted name in the Offshore Marine Industry with a reputation for operational excellence and a proactive attitude towards Health, Safety and the Environment. Established in 1975, SPO operates a fleet of more than 75 vessels in every exploration region outside of North America. By the end of 2015, the fleet size will grow to more than 100 vessels.

Headquartered in Singapore, SPO and its subsidiaries have regional offices in Angola, Australia, Brazil, Brunei, Cameroon, Denmark, Equatorial Guinea, Ghana, India, Indonesia, Malaysia, New Zealand, Norway, Qatar, Philippines, Russia, Scotland and the United Arab Emirates.

SPO is a fully owned subsidiary of Swire Pacific Limited.


Source: Swire Pacific Limited
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