STX Europe Considering Listing of its Offshore and Specialized Vessels Division in Singapore

STX Europe AS is considering a listing (the “Listing”) of its offshore and specialized vessels division (“OSV”) on the Main Board of the Singapore Exchange Securities Trading Limited (the “SGX-ST”).

Prior to the Listing, STX Europe AS will transfer ownership in the entities forming part of OSV to a wholly-owned Singapore subsidiary – STX OSV Holdings Pte. Ltd. (to be renamed STX OSV Holdings Limited) (“STX OSV”).

STX OSV has received an “Eligibility to List” letter from the SGX-ST for the Listing.

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Source: STX Europe, September 30, 2010