Oceanco Launches its Latest Superyacht, the 86m Y706

ALBLASSERDAM, The Netherlands, September 1, 2010 - Oceanco splashed its latest yacht-hull number Y706-on 27
August 2010. This marks another milestone for Oceanco as the yard once again
distinguishes itself as being at the forefront of the international
superyacht sector. With this spectacular new launch Oceanco continues to
prove its capability of achieving the highest engineering and production
standards in terms of performance, styling and quality.

At 86m, Y706 boasts the powerful exterior and interior design
work of Nuvolari & Lenard, which includes a trademark Oceanco swimming pool
on her aft deck that can be conveniently transformed into a helipad. Y706 is
a perfect balance between discretion and distinction. Her size, quality and
style will ensure that she is recognized as a true Oceanco, whether cruising
the oceans or at anchor.

Oceanco's Y706 features spacious accommodation and extensive
amenities for 12 guests, including a private owner's deck with a large
separate master stateroom with study and private deck area with pool. The
yacht is fitted with two 4,680hp / 3,492 kW MTU engines and capable of
reaching speeds of 20 knots.

The launching of Y706 is the culmination of research into
innovation and attentiveness to the owners' desires. The contemporary
interior will essentially feature walnut, teak and rosewood interspersed with
natural materials, fabrics and colors.

Sea trial preparations and final fit-out are on track for a successful
delivery before the end of the year.

    Technical Specifications

    Builder          Oceanco
    Type             Steel Hull and aluminum superstructure
    Length overall   86m / 282.15ft
    Beam overall     14.20 / 46.59ft

    Propulsion

    Engine             2 x 4,680hp / 3,492kW MTU 16V 595 TE 70
    Maximum speed      Approximately 20 knots
    Classification     X100 A1 SSC Yacht (P) MONO G6 XLMC UMS
                       MCA Large Commercial Yacht Code (LY2)

    Accommodation

    Owner      Master suite, study, owners' lounge, lobby and private
               exterior deck area with whirlpool
    Guests     6 VIP suites

    Design

    Naval architect      Oceanco / Azure
    Exterior designer    Nuvolari & Lenard
    Interior designer    Nuvolari & Lenard
    Interior Decorator   Molly Isaksen Interiors
    Delivery             2010
    Photography          Pamela Jones
    Owner's repr.        Wright Maritime Group

    www.oceancoyacht.com

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