Bermuda Stock Exchange

BSX Shorts February 2007 Edition

Ocean Wilsons Holdings Ld - Statement re. Press Comment

Hamilton, Bermuda: February 13, 2007 -- The Board of Ocean Wilsons Holdings Limited notes the recent rumours in the market, and confirms that the Board is actively considering a partial IPO of its Brazilian operations.

If a decision is taken to proceed, further information will be made available in due course.

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