CHC Helicopter Awarded Long-Term Contract in Malaysia

CHC Helicopter has signed two new agreements in Malaysia worth a total of approximately Cdn$21.6 million. CHC has successfully negotiated a five-year agreement to lease a Super Puma AS332L1 to Malaysian Helicopter Services for a contract with Talisman Energy Inc. commencing November 1, 2002. CHC has also negotiated an agreement to provide a Sikorsky S76A to Murphy Oil for 45 days starting immediately.