Swiber

Swiber: Secured 2 more construction order wins totalling approx US$102.0m for offshore pipeline andsubsea installation works in Southeast Asia. Both projects are scheduled to commence immediately, with one project to be completed by 4QFY2011 and the other to be completed by 2QFY2013. One of the contracts is from a new customer and another is a repeat order, both of which are major oil companies in Southeast Asia. Co has now order book exceeding $1.0b with current P/E 7.6x.