Mitsubishi Heavy Industries, Ltd.
Imabari Shipbuilding Co., Ltd.
Namura Shipbuilding Co., Ltd.
Oshima Shipbuilding Co., Ltd.
Mitsubishi Corporation

Consortium of 5 Japanese Companies to Acquire Stake
In ECOVIX Engevix Construções Oceânicas, a Major Brazilian Shipbuilder-- Advanced Technology and Operating Expertise to be Provided
In Quest for Mutual Prosperity -Tokyo, October 22, 2013 – Five Japanese companies – Mitsubishi Heavy Industries, Ltd. (MHI),
Imabari Shipbuilding Co., Ltd., Namura Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd.
and Mitsubishi Corporation – have agreed to acquire a stake in ECOVIX -Engevix ConstruçõesOceânicas S.A. (ECOVIX), a leading Brazilian shipbuilder. A Share Purchase Agreement (SPA)
between the Japanese consortium and the Brazilian partners was signed today. The initiative marks
the first investment by a Japanese consortium consisting of shipbuilding companies and a trading
company into a Brazilian shipbuilder, aiming at mutual prosperity through the provision by theJapanese side of advanced technology and operating expertise in line with Brazil’s strategy forpromoting its domestic industries.
Under this initiative, the Japanese consortium, led by MHI, will acquire a 30% capital stake in
ECOVIX Engevix Construções Oceânicas. Plans call for the acquisition to be completed as soon
as the parties obtain the Brazilian antitrust authority approval through JB MINOVIXINVESTIMENTOS E PARTICIPAÇÕES S.A., a special-purpose company (SPC) to beestablished in Brazil by the five consortium partners. MHI will own the majority of all shares inthe SPC, with the other four Japanese partners holding the remaining shares.
In the presence of Japanese and Brazilian authorities, the Share Purchase Agreement was signed inTokyo by representatives of six new partners - ECOVIX, MHI, Imabari Shipbuilding, Namura
Shipbuilding, Oshima Shipbuilding and Mitsubishi Corporation.
ECOVIX is controlled by the JACKSON Group, the holding company that consolidates Brazil’s
leading engineering firm ENGEVIX Engenharia, clean energy generation DESENVIX andinfrastructure management INFRAVIX. ECOVIX was established in 2010 to build PETROBRAS
initial eight FPSO’s – Floating, Production, Storage and Offloading hulls in support to Brazil’s oil
exploitation program at the pre-salt layer. In August 2012, ECOVIX has been awarded contracts to1/2

supply engineering, procurement and construction services of three new drill ships for SETE
Brasil, a major asset owner company acting in the oil and gas industry, engaged into Brazil's
pre-salt offshore exploitation program.
The pre salt layer oil reserves has been the largest oil discovery of the last decades and represent atechnological challenge which PETROBRAS has successfully overcome. Brazil is expecting toachieve not only self-sufficiency but also to be a significant oil exporter in the next years. Thus, theexploration of and production out of these reserves are an important part of Brazilian plans for thenext two decades.
Accordingly, Brazil has adopted a strategy aimed at attracting new technologies and developing
local industries, including shipbuilding. At the same time, the country is also seeing increased
demand for ships and marine structures of all kinds, including drill ships and FPSOs which areessential equipments for the exploration and production of pre-salt layer offshore oil fields.
The presence of four important Japanese shipbuilders, through capital participation, will provide
ECOVIX with outstanding support to contribute decisively to this nation’s effort to meetincreasing demands for quality and timing in the construction of these key equipment and also anever increasing demand for safer oil production of offshore fields.
Jointly with FUNCEF – Fundação dos Economiários Federais, the third largest pension fund in
Latin America, ECOVIX also controls RG ESTALEIROS, a holding company that consolidates
ECOVIX’s shipyards in southern Brazil, in the State of Rio Grande do Sul. ECOVIX employs over
5,000 employees, has the country’s largest dry dock and Goliath gantry crane with lifting capacityof 2,000 tons.
The excellence of managerial skills and advanced technological support of the five-member
Japanese consortium associated with the entrepreneurial capabilities of the team and outstanding
installations at Rio Grande shipyard are key ingredients to ensure ECOVIX leadership position as
the best Brazilian shipbuilder.

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