Oceanco Starts Outfitting its 85.6m Superyacht, the Y708

ALBLASSERDAM, Netherlands, February 25, 2011 - Three months after the successful delivery of the 86 meter Seven Seas,
Oceanco loaded its latest custom superyacht, the 85.6 meter Y708, into its
shed for the finishing phases. Oceanco collaborated with its exclusive Dutch
hull-builder Zwijnenburg as well as Aluship Technology to build the steel
hull and aluminum superstructure respectively.

Y708's sleek silhouette, possessing the smooth exterior lines by Igor
Lobanov, compliments her projected modern interior design by Alberto Pinto.
In addition to Oceanco's in-house build and engineering team, the interior
construction benefits from the partnership with renowned Northern-European
interior specialists.

Along with living and entertaining spaces, the accommodations
afford the owner of Y708 two private connected decks: one comprises a
sumptuous master stateroom with exterior balcony, a fully equipped gym, an
exclusive hammam and beauty salon. The other is his private sun deck, with
whirlpool and sun loungers. In addition to the master stateroom, there are
six luxury cabins: two VIP suites with private balconies and four spacious
doubles.

Y708, characterized by sophisticated styling, exemplifies
Oceanco's dedication to continuous research in design and innovation. Y708
will feature the Environmental Protection notation from Lloyd's Registry that
serves as a mark of environmental quality.

Oceanco continues to distinguish itself for the highest
production standards and the most impressive objectives in terms of
performance, technology, styling and quality. Y708 is scheduled to be
completed by November 2012.

    SPECIFICATIONS
    Length Overall : 85.6m / 280.8ft
    Beam Overall : 14.20m / 46.6ft
    Materials : Steel (hull); Aluminum (superstructure)
    Engines : 2 x MTU 20V 4000 M73L
    Maximum Speed : Approximately 20 knots
    Exterior Designer : Igor Lobanov
    Interior Designer : Alberto Pinto
    Builder : Oceanco
    Naval Architecture : Oceanco / Azure
    Delivery : November 2012

Photography : Pamela Jones

www.oceancoyacht.com

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