Bouygues Offshore Announces Management Changes

Business Wire, Oct 29, 2001

Business Editors

MONTIGNY-LE-BRETONNEUX, France--(BUSINESS WIRE)--Oct. 29, 2001

Herve Le Bouc will now serve as Chairman of Bouygues Offshore (NYSE:BWG) (PARIS:BOS.) and ETDE (Bouygues Construction's electrical contracting and networks subsidiary) while Jacques Leost will become CEO of Bouygues Offshore.

Herve Le Bouc, 49 years old, was Chairman and CEO of Bouygues Offshore since 1999. Previously Herve Le Bouc was CEO from 1996 to 1999, COO from 1994 to 1996 and Vice President Europe -Middle East - Pacific Area - Mexico from 1989 to 1994. Prior to joining the Company, Herve Le Bouc served as Special Director to the President of Screg from 1985 to 1989.

Jacques Leost, 49 years old, was Managing Director and COO of the Bouygues Offshore since 2000. Previously Jacques Leost was COO from 1996 to 2000, Vice President Africa - North Sea - Mexico from 1993 to 1996 and Manager of Nigerian Operations from 1989 to 1993. Jacques Leost also served as Managing Director of the Company's subsidiary Solbos from 1984 to 1989, as Managing Director of the Company's Angolan subsidiary Petromar from 1984 to 1988 and as project Director, site Director and project engineer from 1976 to 1984.

In keeping with new legislation that calls for the separation of corporate powers, this new organization will be proposed to the Board of Directors and become official once Bouygues Offshore's bylaws are modified at the Annual Shareholders' Meeting scheduled for April 2002.

From design engineering to start-up and maintenance, Bouygues Offshore provides its customers with turnkey projects in offshore-onshore oil and gas contracting, liquefied gases, maritime and river works and chemicals-refining/energy-industry.

Driven by a strong commitment to the energy industry, an on-the-spot presence and a team of talented professionals, we deliver solutions that are safe, innovative and promote the success of our clients and our Company.

Further information on the company can be found on line at www.bouygues-offshore.com.