Consolidation of Groupe Bourbon's shareholding in Havila Supply

According to the terms of an agreement brought to the attention of the Oslo stock exchange on March 4th, Groupe Bourbon holds a call and Borgstein Supply Invest (the Ulstein family) a put option on 13,619,434 shares in Havila Supply - i.e. 11.1% of the capital - to be exercised during the 1st semester of 2006 at a share price of 5.85 Nkr plus financing costs over the period.

For Groupe Bourbon, which already holds 33.5% of this corporation, this operation consolidates the position of Havila Supply in the overall development strategy of its offshore division.

Paris, March 7th 2003

Press contact : Catherine Gros or Laurence Hauser, 01 53 70 74 70 cgros@image7.fr
Contact for analysts and investors : Patrick Mangaud, 01 40 13 86 09— patrick@mangaud.com
www.groupe-bourbon.com