Ocean Wilsons Holdings Limited Announces Depository Interest Facility

Hamilton, Bermuda - 06 July, 2009 - Ocean Wilsons Holdings Limited (OCN.BH) today announced that with effect from 6 July, 2009, CREST members are able to hold and transfer interests in Ocean Wilsons Holdings Limited (the Company) ordinary shares of 20p each (the Shares) (ISIN number BMG6699D1074) within the CREST system, pursuant to a depository interest arrangement established by the Company, which is incorporated in Bermuda.

The Shares will not themselves be admitted to the CREST system; rather the Company has arranged for Capita IRG Trustees Limited (Capita) to issue depository interests in respect of the underlying Shares (the Depository Interests). These Depository Interests may be held and transferred within the CREST system. The Depository Interests will be created and issued pursuant to a Deed Poll executed by Capita under English law, copies of which are available from Capita, and the provisions of the Deed Poll are expressed to bind all holders future and present.

In the CREST system, the Depository Interests will carry the same ISIN as the Shares. It will of course remain open to members, should they wish to do so, to continue to hold Shares in the Company as they do now.

If CREST members wish to avail themselves of this facility, they can do so by inputting a stock deposit in the usual way. The Company has informed Euroclear UK and Ireland that (1) a CREST transfer form or dematerialisation form lodged as a stock deposit will be deemed to constitute a transfer of the Shares to Capita, who will issue corresponding Depository Interests in the CREST system to the depositing member/transferee; and (2) in a similar way, a stock withdrawal will be deemed to constitute an instruction to Capita to cancel the Depository Interests and effect a transfer of the Shares to the person specified in the instruction.

Shareholders of the Company should shortly receive a separate letter with details of these arrangements.