Ezion Signs $87.6M Contract to Supply Jackup to South Asian NOC

Singapore-based offshore services provider Ezion Holdings Limited (the Company or Group) disclosed Tuesday that the company has entered into a contract to provide a Jackup to support a South Asian based national oil company with a value of approximately up to $87.6 million over a 3 year period.

The Jackup which will be deployed in the Arabian Sea in South Asia is expected to be working by early 2015 after its refurbishment and upgrading.

The abovementioned charter is not expected to have a material impact on the Group’s earnings per share or net tangible assets per share for the financial year ending Dec. 31.

None of the Directors or substantial shareholders of the Company has any interest, directly or indirectly, in the abovementioned transaction, save for their shareholdings in the Company.


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