Move of Premises Completed

Fisher (James) & Sons PLC 15 August 2000 James Fisher Completes Move to Larger Premises for its Aberdeen Operation James Fisher and Sons, specialist shipowners and managers, has moved its expanding engineering operation in Aberdeen to bigger premises at the newly named Fisher Building, Denmore Road, Bridge of Don, Aberdeen, more than doubling the space available for future growth. The move is of immediate benefit to James Fisher's two Aberdeen-based businesses - James Fisher (Underwater Engineering Services) Limited and James Fisher and Sons (Seafloor Dynamex) Limited. UES supplies a range of plant, equipment and engineering services to the offshore industry, in the North Sea and world-wide, while Seafloor Dynamex provides specialist sub-sea excavation equipment and related expertise. Combined office, workshop and yard space for these two businesses is now more than doubled to over 5500 square metres from 2245 square metres in the old premises. The move reflects signs of a recovery in the pace of activity in the North Sea. David Cobb, chairman of the James Fisher group, with its corporate headquarters in Barrow-in-Furness and additional offices in the City of London, commented: 'We are very pleased with the general progress of our engineering operation which forms a natural complement to James Fisher's traditional expertise in specialist ship management. The move to larger premises provides a necessary springboard for the future expansion of the Aberdeen activities.' James Fisher is the UK's largest operator of small to medium- sized clean product tankers with a fleet of some 40 vessels under its charge. Last month it also announced the proposed doubling of its cable laying capacity with the purchase of two ships presently undergoing conversion work. The vessels are to be chartered to it-International Telecom USA, a subsidiary of General Dynamics Advanced Technology Systems. Press Enquiries: David B Cobb CBE Chairman James Fisher and Sons Public Limited Company Tel: 020 7338 5808 Issued on behalf of James Fisher and Sons Public Limited Company by Tavistock Communications Limited (Contact: Keith Payne, tel: 020 7600 2288)