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2015-04-14

BOURBON: Press release : BOURBON SA involved

Paris, April 14, 2015

Bourbon SA involved after tax audits in West Africa

Following the arrest of the former Tax Manager of the company at the airport
of Marseille-Provence while he was returning from Africa in possession of
approximately 190,000 euros in cash in October 2012, a judicial investigation
has been initiated in Marseille.

This investigation relates in particular to allegations of bribery of public
officials in Cameroon, Equatorial Guinea and Nigeria in connection with the
tax audits of local entities in 2011 and 2012.

The former Tax Manager, who had been immediately dismissed since then, has
been placed under formal investigation, in particular for bribery of foreign
public officials. As a consequence, the legal entity Bourbon SA has today
been placed under formal investigation for the same charge, together with a
guarantee of 1 million euros.

Pursuant to this procedure, after the former Tax Manager was placed under
formal investigation, some members of the Executive Management were placed
under formal investigation in April and November 2013 for complicity in
bribery.

BOURBON and its Executive Management contest very strongly the charges brought
against them, and it is noted that they are entitled to the presumption of
innocence and will reserve their explanations for the judicial authorities.

The group operates in complex environments. Its activities are carried out in
strict compliance with the laws of each country and BOURBON attaches great
importance to compliance with anti-bribery regulations. Moreover, these
events have encouraged the group to strengthen its policies, procedures and
training programs in relation to ethics and compliance and in particular
those regarding the fight against bribery.
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
28 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.

Contact

Media relations agency
Publicis Consultants

Jérôme Goaer
+33 144 824 624
jerome.goaer@consultants.publicis.fr

PDF version
http://hugin.info/159569/R/1911230/681850.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#1911230

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