Hallin Marine Subsea International Announcements

AGM Statement

26 April 2006 12:25:10

Hallin Marine Subsea International
26 April 2006

Wednesday 26th April 2006

Hallin Marine Subsea International plc

("Hallin", "Hallin Marine" or "the Company")

Annual General Meeting / Extraordinary General Meeting

Hallin Marine, the provider of subsea solutions to the oil and gas industry,
held its AGM today in London with all resolutions passed. Hallin also held its
EGM to gain shareholder approval to increase the share capital and to issue
9,000,000 new ordinary shares at a price of 77 pence per share, as announced on
4 April 2006. The EGM Resolutions were passed and it is expected that the new
shares will be admitted to AIM on Thursday 27th April 2006. The placing will
raise £6,930,000 before expenses which will be used for further investment in
additional plant and equipment for the Group's business.

Enquiries:
Hallin Marine 020 7457 2020
Tony Ebel, Chairman

John Giddens, Chief Executive

College Hill 020 7457 2020
Ben Brewerton / Nick Elwes

JM Finn 020 7628 9688
Sam Smith

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