Correction press release: SUNRAYS Wins 2010 International Superyacht Society (ISS) Award

ALBLASSERDAM, The Netherlands, November 5, 2010 - "Erratum: Our press release dated yesterday has been amended (see below).
Please check the last paragraph where instead of Christopher Johansson it
should read Christer Johansson, which was misspelled inadvertently. We would
be grateful if you could amend this."

Oceanco's recent launch, M/Y SUNRAYS, has won the 2010 ISS Design and
Leadership Award for Best Power Yacht in the 65m+ category. The award, which
represents a superlative achievement, was presented on October 28th, the
first night of the Fort Lauderdale International Boat Show, at the 20th
Anniversary ISS Awards Gala.

The ISS Design and Leadership Award which is judged by an experienced
peer group of yacht designers and professionals is proof of the continued
excellence Oceanco has achieved in producing some of the most sophisticated
and innovative luxury superyachts in the world. The award signifies a very
important achievement and underscores Oceanco's commitment to designing and
building acclaimed superyachts of exceptional craftsmanship, style and
innovation.

SUNRAYS, an 85.5m (280.5ft) full displacement superyacht has twin 3,492kW
MTU 16V 595 TE 70 engines and can achieve a maximum speed of 20 knots. She is
extremely recognizable because of her distinctive teal-colored hull, flared
bow and a curvy aluminum superstructure created by the artful Bjorn Johansson
Design. Her stately contemporary interior is the work of Terence Disdale
Design. SUNRAYS represents a collaborative team effort among Oceanco, the
Designers and Burgess who provided the technical supervision for the Owner.

Disdale struck an emotional chord with all those present in the audience
when he took the microphone and paid heartfelt tribute to Johansson who
tragically passed away during the construction of the yacht. It was a
jubilant and emotional moment on stage as the award was collected by Sally
and Christer Johansson on behalf of their son, Bjorn Johansson. In concert
with Terence Disdale's comments, Oceanco also dedicated the award to friend
and colleague, Bjorn Johansson.

For more information please contact Michele Flandin in Monaco T +377-9310-0281 / mflandin at oceanco.mc or Paris Baloumis in The Netherlands T +31-78-6995-399 / parisb at oceanco.nl www.oceancoyacht.com