Deep Sea Supply (OSL:DESSC) We are pleased to inform that we have entered into a time charter for the AHTS "Sea Panther" with Repsol for operations in the Mediterranean. Duration is three wells (anticipated approx. 200 days). Total value of the contract is in excess of USD 10 mill.

In addition, the AHTS vessels "Sea Leopard" and Sea Wolf 1" have entered into a 1 + 1 well contract with Petronas for operations in Mauritania. The dayrate is USD 65,000.

24 October 2008 Deep Sea Supply Plc

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Deep Sea Supply

http://www.deepseasupply.no

ISIN: CY0100120910

Stock Identifier: XOSL.DESSC

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