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SITUATION IN CAMEROON

Paris, October 31, 2008

Paris, October 31, 2008.At about 0h00 a number of armed men in 3 fly boats, boarded the Bourbon Sagitta, an Anchor Handling Tug Support vessel assisting loading operations of crude oil from a field off the Bakasi Peninsula (180 kms from Douala). 10 of the 15 crew members (2 Cameroonians, 1 Tunisian, 1 Senegalese and 6 French seamen) were kidnapped. No one was injured. The ship and the staff still on board are now safe. An Emergency Unit was immediately put together by BOURBON who is working closely with the French Ministry of Foreign and European Affairs, the Tunisian and Senegalese authorities and the local Cameroonian authorities.The Ministry of Foreign and European Affairs wishes to emphasize that the utmost discretion is necessary in order to achieve a satisfactory outcome to this affair. BOURBON will disclose any new information when available and verified.

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