Ezion Holdings to Provide Liftboat for South East Asian Oil Company

The Board of Directors of Ezion Holdings Limited announced that it has received a letter of intent with a contract value of up to approximately USD 45.3 million over a 2 year period to provide a Liftboat to be used by a South East Asian based national oil company to support its oil & gas activities.

The Liftboat is expected to be deployed and working in South East Asian waters by the 3rd Quarter of 2013 after its final commissioning and completion.

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Ezion Holdings, February 28, 2013