OCN Ocean Wilsons (holdings) Ld

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Ocean Wilsons Holdings Limited

("Ocean Wilsons" or the "Company")

Response to media speculation

The Company notes recent Brazilian media speculation regarding the potential sale of its 57% owned subsidiary, Wilson Sons S.A. ("Wilson Sons").

The Company confirms that it is in discussions with I Squared Capital Advisers (US) LLC ("I Squared") to explore the terms of a potential transaction for the acquisition by I Squared and/or its affiliates of the Company's interest in Wilson Sons.

There can be no certainty that a transaction will be entered into, nor as to the terms of any such transaction.

A subsequent announcement will be made as required.

For further information, please contact:

The person responsible for arranging the release of this announcement on behalf of Ocean Wilsons is Leslie Rans, Chief Operating and Financial Officer.