Deep Sea Supply Vessel to be Delivered in 2007

Deep Sea Supply PLC has through its subsidiary DESS Cyprus Limited entered into an agreement with Java Marine Lines Pte Ltd. for a 1 year firm bareboat charter of a 10.800 BHP Anchor Handling Tugs Supply vessel. The vessel is to be commissioned and delivered by Jaya Shipbuilding & Engineering Pte. Ltd. in Singapore in September/October 2007. Deep Sea Supply PLC has secured a purchase option at the end of the 1 year BB charter. Deep Sea Supply will operate the vessel in Asia, Middle East and West Africa.