Ezion’s Service Rig Wins Charter Contract in Central America

The Board of Directors of Ezion Holdings Limited announced that it has secured a charter contract with a value of approximately USD 86.3 million over a 4 year period to provide a Service Rig to be used by a national oil major to support its oil & gas activities in Central America.

The Service Rig which is the third of the Group to be deployed in the Sonda de Campeche field is expected to be working by the 4th Quarter of 2012 after its refurbishment and upgrading. The above mentioned project will be funded through internal resources as well as bank borrowings.

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 31st December 2012.

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Source: Ezion Holdings Limited, June 6, 2012