OCEAN GROUP ACQUIRES SAMSON TUGBOATS IN THE VANCOUVER AREA

Ocean Group is proud to announce the acquisition of Samson Tugboats Inc., a Vancouver based company specializing in harbour towing in the Vancouver area since 2011. In March 2020, Ocean Group announced that it had been awarded several major contracts in British Columbia, including one for harbour towing services in the Port of Vancouver, with three state-of-the-art tugs. After more than a year of operations, the company now has four tugs on site to serve its clients. With the acquisition of Samson Tugboats and its two tugs, Ocean Group will now have six harbour tugs in the region, additionally being able to count on the business relationships previously established by the management of Samson Tugboats.

“We share Canadian values of respect and integrity with Samson Tugboats and we intend to focus
on the continuity of our activities, in a sustainable development perspective. The two harbour tugs
will become part of Ocean Group’s fleet and will meet the needs of our clientele in the Vancouver
area. This acquisition is in line with our desire to have high quality standards for our clients,” said
Jacques Tanguay, President and Chief Executive Officer of Ocean Group.

This new acquisition reflects Ocean Group’s objectives to continue its expansion on the Canadian
West Coast and supports its determination to develop on a global scale. It is an investment in a
company that is well known in the maritime industry and that has expertise that will complement
Ocean Group’s existing efforts in this region thus enhancing Ocean`s local footprint.

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