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SITUATION IN NIGERIA

Paris, October 29, 2008

Paris, October 29, 2008.On Saturday 25th October, the Ajax, a BOURBON Anchor Handling Tug Support vessel operating in Nigeria, was boarded by armed men. After several hours on board, they disembarked having stolen personal effects from the crew and material from the ship. The crew, who were neither wounded nor physically attacked, immediately took the vessel back to a secure zone.Following this incident BOURBON decided to suspend all ships movements in the Bonny River area. This did not affect the offshore drilling areas in which both BOURBON and its oil customers continued to operate. The suspension was applied whilst additional and newly adapted security measures were put in place.Operations will be progressively back to normal as from tomorrow.Changes in security measures in the country involve adjusting and redefining safety zones, reinforcing support and protection measures, and vessel surveillance, whether our ships be in convoy, in operation, navigating or in transit towards the coast.In order to guarantee the best possible security conditions for its staff BOURBON applies high security measures in Nigeria, which are specific to that country.These procedures and security measures are modified and adapted permanently according to the risks and specific practices monitored locally, in order to be as efficient as can possible be.

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