Ades Holding Unit in Pact to Buy Two Rigs

Ades International Holding signs two separate pacts for two rigs in Asia.

In pact with Rig Finance for its shares in jackup rig Soehanah for 318.8m riyals ($85m)
- currently contracted in Indonesia
In pact to acquire jackup rig Topaz for 393.8m riyals ($105m)
- currently contracted in the Malaysia-Thailand joint development area
Company will pay 10% at signing and remaining 90% at closing

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Kateryna Kadabashy in Dubai at kkadabashy@bloomberg.net

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Dana Khraiche at dkhraiche@bloomberg.net

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