MYS 2010 Oceanco Press Conference

ALBLASSERDAM, The Netherlands, October 7, 2010 - Oceanco held a breakfast press conference on the second day of
the 2010 Monaco Yacht Show. The purpose of the conference was to update the
luxury yachting press with what lies ahead on Oceanco's horizon and to
introduce them personally to the Chairman of the company, Mr. Mohammed Al
Barwani.

Marcel Onkenhout, CEO, provided the opening remarks about the
successful August launch of their latest 86m yacht Y706. Additionally,
Onkenhout revealed the company's plans for a new facility that marks the next
step in Oceanco's advance into the 100m+ market. Oceanco will be breaking
ground on the land adjacent to its current facility for the planned 165m long
x 52m wide x 32m high dry dock construction hall.

Oceanco showed a fast-paced 3D animation film to demonstrate
all of the topics discussed. On view at the stand were the scale models of
the new 100m+ projects designed by Sam Sorgiovanni, Nuvolari & Lenard, and
Elie Saab. At the conclusion of Onkenhout's comments and the film, Mr. Al
Barwani chatted openly and amiably with the press about why he purchased the
company. He also shared his positive views about the current state of the
megayacht market including the plans to serve clients demanding 100m+ yachts
with Oceanco's uncompromised build-quality.

In deference to a tight boat show time schedule, Oceanco
served the press healthy fruit-based power smoothies.

www.oceancoyacht.com

For more information please contact Michele Flandin in Monaco: e-mail: mflandin at oceanco.mc and mobile: +33-6-80-86-27-09 or Paris Baloumis in the Netherlands parisb at oceanco.nl