Yinson Heather Ltd enters into proposed joint venture with FVSN

The Board of Directors of Yinson Holdings Berhad ("YINSON") announced that Yinson Heather Ltd ("YHL"), an indirect wholly-owned subsidiary of the Company, had on 30 July 2015 entered into a Joint Venture Deed ("JVD") with Four Vanguard Servicos E Navegacao LDA ("FVSN"), an indirect wholly-owned subsidiary of Premuda S.p.a to establish a joint venture company for the purposes of acquiring a vessel owned by FVSN (the "Vessel"). The Group said that the Vessel will then be used in bidding for Floating Production Storage and Offloading ("FPSO") projects to be leased to potential charterers.

YINSON Holdings Berhad is a public limited liability company, incorporated and domiciled in Malaysia, and is listed on the Main Market of Bursa Malaysia Securities Berhad. The YINSON Group of Companies started in 1983 as a transport agency partnership business in Johor Bahru. Since that time, we have expanded our businesses to include offshore support services as well as commodity trading. From an initial land-based logistics provider, Yinson is now a provider of offshore support services which servicing the upstream Oil and Gas sector.  All of trading, logistics and the provision of offshore oil and gas services are the main complementary services which Yinson is involved in.