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2015-04-24

BOURBON: BOURBON increases the amount of its hybrid bond issue by €20 million

Paris, April 24, 2015

BOURBON increases the amount of its hybrid bond issue by €20 millionBOURBON has announced an increase €20 million to its perpetual
deeply-subordinated notes (Titres Super Subordonnés à Durée Indéterminée -
TSSDI
). This transaction, initiated by an investor, confirms once again the strong
interest in BOURBON by institutional investors.

These perpetual notes, accounted for as equity under IFRS standards, are
callable by BOURBON at par starting in October 2017. They bear a fixed
semi-annual coupon of 4.70% till this same date, payment of which is
mandatory if dividends are paid.

With this transaction, the group continues to optimize the company's balance
sheet structure, further diversifying its funding sources and thus
demonstrating its ability to manage debt in a dynamic manner.

The operation was conducted by Oddo & Cie, with advice being provided by White
& Case LLP and is listed on the unregulated Alternext market.
About BOURBONAmong the market leaders in marine services for offshore oil&gas, BOURBON
offers the most demanding oil&gas companies a wide range of marine services,
both surface and sub-surface, for offshore oil&gas fields and wind farms.
These extensive services rely on a broad range of the latest-generation
vessels and the expertise of more than 11,000 skilled employees. Through its
29 operating subsidiaries the group provides local services as close as
possible to customers and their operations throughout the world, of the
highest standards of service and safety.

BOURBON provides two operating Activities (Marine Services and Subsea
Services) and also protects the French coastline for the French Navy.

In 2014, BOURBON'S revenue came to €1,346.4 million and the company operated a
fleet of 505 vessels as of December 31, 2014. Under the "BOURBON 2015
Leadership Strategy" plan, the group has built a vast fleet of innovative,
high-performance mass produced offshore vessels.

Placed by ICB (Industry Classification Benchmark) in the "Oil Services"
sector, BOURBON is listed on the Euronext Paris, Compartment A.

Contacts

BOURBONInvestor Relations, analysts, shareholders

James Fraser, CFA
+33 491 133 545
james.fraser@bourbon-online.com

Corporate Communications

Christelle Loisel
+33 491 136 732
christelle.loisel@bourbon-online.com

Media relations agency
Publicis ConsultantsJérôme Goaer
+33 144 824 624
jerome.goaer@consultants.publicis.fr

Véronique Duhoux
+33 144 824 633
veronique.duhoux@consultants.publicis.fr

Vilizara Lazarova
+33 144 824 634
vilizara.lazarova@consultants.publicis.fr
PDF version
http://hugin.info/159569/R/1914644/684191.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BOURBON via Globenewswire

HUG#1914644

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