EZION Entered Into A Contract To Provide A Jack-Up Rig To Support A South Asian Based National Oil Company With An Approximate Value Of Up To Usd 87.6 Million Over A 3 Year Period

The Board of Directors of Ezion Holdings Limited (the “Company” or “Group”) is pleased to announce that it has entered into a contract to provide a Jack-up Rig to support a South Asian based national oil company with a value of approximately up to USD 87.6 million over a 3 year period.

The Jack-up Rig which will be deployed in the Arabian Sea in South Asia is expected to be working by early 2015 after its refurbishment and upgrading.

The abovementioned charter is not expected to have a material impact on the Group’s earnings per share or net tangible assets per share for the financial year ending 31st December 2014.

None of the Directors or substantial shareholders of the Company has any interest, directly or indirectly, in the abovementioned transaction, save for their shareholdings in the Company.