RNS Number:4108C
Cammell Laird Holdings PLC
13 December 1999


              Cammell Laird Sale and Charter Former Lowline Trio

Cammell Laird, the international marine services company, today announced that
it  has  successfully completed contracts to either charter or sell the  three
ships purchased from the receivers of Lowline Limited in May this year.

The  Edinburgh Castle, as previously announced, has been chartered to  Premier
Cruise  Lines of the United States for an initial period of five  years  under
the  name of Big Red Boat II.  Premier has the option to extend at the end  of
this period, for a further five years with an option to purchase.

The  Oceanic  Cavalier  (previously Lowland Cavalier) is  currently  operating
under charter in the Mediterranean and the Oceanic Pioneer (previously Lowland
Pioneer) has been sold to Gulf Offshore N.S. Limited.

Jon Schofield, Finance Director of Cammell Laird, commented:

"The charter of the Big Road Boat II and Oceanic Cavalier, along with the sale
of  the Oceanic Pioneer is very encouraging as it demonstrates that the  Group
is  both  capable  of,  and successful at offering the full  range  of  marine
services,  from  sourcing  vessels, conversion and  repair  work,  through  to
charter or sale."

For further information:

Peter Otero
Financial Dynamics                      Tel:  0207 831 3113

Jon Schofield, Finance Director
Cammell Laird Holdings PLC              Tel:  0151 236 5500
                                       


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