THAL Thalassa Holdings Limited

TIDMTHAL

RNS Number : 8085V

Thalassa Holdings Limited

19 January 2012

Thalassa Holdings Ltd

(AIM: THAL)

("THAL" or the "Company")

APPOINTMENT OF NEW DIRECTOR

The Board is delighted to announce the appointment of John Duncan as a director of THAL. Mr Duncan, 62, brings over 30 years of experience in the marine seismic industry. Following an early career with the Royal Air Force and, after working for a number of different marine seismic contractors, he established the company that is now Westland GeoProjects (Holdings) Ltd ("WGP Holdings") in 1995, which operated and managed a number of seismic survey vessels.

Mr Duncan has also been appointed Chairman of WGP Exploration Ltd, THAL's recently acquired subsidiary which was previously majority owned by WGP Holdings.

Duncan Soukup, Chairman of THAL, said: "John has a wide variety of experience in the marine seismic industry and I am very pleased that he has agreed to join our Board. His skills and experience will be invaluable as the Group enters a period of growth following the acquisition of WGP Exploration Ltd, on whose board John will also serve as Chairman."

For further information please contact:

   Duncan Soukup, Chairman                                     Tel: + 33 (0)6 78 63 26 89 

Thalassa Holdings Ltd

   Antony Legge/James Felix                                      Tel: + 44 (0)20 7776 6550 

Daniel Stewart & Company plc

www.thalassaholdingsltd.com

Additional information:

Save as set out below, there are no further details in relation to the above appointment which require disclosure under paragraph (g) of Schedule 2 to the AIM Rules.

The Directorships and past Directorships of John Robert Duncan are listed below:

 
 Current Directorships:            Directorships in the past 
                                    five years: 
--------------------------------  -------------------------- 
 WGP Exploration Limited 
--------------------------------  -------------------------- 
 Westland Countryside Stewards 
  Limited 
--------------------------------  -------------------------- 
 WGP Projects Limited 
 WGP Seismic Limited 
 OceanEar Limited 
 Westland Geoprojects (Holdings) 
  Limited 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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