Press Release

Issued by Offshore Helicopter Services UK.

May 11, 2012

Bond Offshore Helicopters Ltd will continue the suspension of all EC225 helicopter flights while it undertakes a detailed root cause investigation. That investigation will proceed over the weekend in cooperation with Eurocopter experts that are now on site.

The investigation is centred on the activation of the oil pressure warning light that instigated the controlled landing on water of a Eurocopter EC225 at 12:13 yesterday. Bond Offshore Helicopters Ltd is committed to the safe operation of the company's entire fleet including the EC225 and for that reason flights can only recommence once they have completed a detailed analysis of the incident

At this time the G-REDW helicopter has been successfully recovered from the North Sea and is in the possession of the AAIB. It is anticipated that they will begin their inspection on 12th May. Bond will actively assist the AAIB in all aspects of that investigation.

We anticipate making another statement tomorrow 12th May and 17:00.