Contract Win

Fisher (James) & Sons PLC
14 March 2007


For release 0910 Wednesday 14 March 2007


                       James Fisher and Sons plc  (FSJ.L)
                                ('James Fisher')

                      Contract Win for James Fisher Defence

            Submarine Rescue Service for Republic of Singapore Navy


James Fisher Defence Limited ('JFD'), a subsidiary of James Fisher, the UK's
leading marine services provider ('FSJ'), announces that it has, with its
partner Singapore Technologies Marine Ltd (ST Marine), been selected jointly to
deliver a comprehensive submarine rescue service to the Republic of Singapore
Navy ('RSN').

Under the contract, ST Marine and JFD will design, build, operate and maintain a
fully integrated mother ship and submarine rescue system. JFD will design and
supply the complete submarine rescue system including a new rescue submersible,
handling systems and a decompression facility and operate and maintain the
rescue assets throughout the 20-year life of the contract.

The operating and maintenance contract is estimated to replace the revenue and
net earnings from JFD's current contract to operate the UK Submarine Rescue
system, which is expected to come to an end in 2008.

The new DSAR submarine rescue vehicle is from the same family of designs as the
vehicle contracted in November 2006 to the Republic of Korea Navy (ROKN) and the
existing vehicle operated by JFD as part of the United Kingdom Submarine Rescue
System (UKSRS).

The contract, which will run until 2029, follows shortly on the announcement of
the company's success in Korea and its acquisition of the UK submarine rescue
service assets and further demonstrates JFD's increasing presence in the global
submarine rescue market.

Commenting on the contract, Simon Harris, JFD Managing Director, and a director
of James Fisher, said:

'We are delighted to be working with ST Marine and we are looking forward to
delivering an outstanding submarine system and serving the RSN over the 20-year
operational period.  This contract is an ideal way to build on our success in
Korea and it further extends the global range of our submarine rescue business.'

Said See Leong Teck, President, ST Marine:

'We are pleased to have JFD as our partner for this long term contractor owned,
contractor operated project for the RSN.  Given their specialisation in
submarine rescue services and track

record of supporting established navies in this area, we are confident of
providing the RSN with a good and reliable submarine rescue solution.'

EC Hambro Rabben & Partners Ltd is acting as financial advisor to James Fisher
Defence.


-ENDS-


Contacts

James Fisher Defence         Simon Harris        Managing Director           01229 615 460

James Fisher & Sons plc      Nick Henry          Chief Executive Officer     020 7614 9508
www.james-fisher.co.uk

James Fisher & Sons plc      Michael Shields     Group Finance Director      01229 615 400

Adventis Financial PR Ltd    Chris Steele                                    020 7034 4759

EC Hambro Rabben             Peter Donald Eivind                             0207 355 4100
                             Rabben


Editor's Notes:

DSAR (Deep Search And Rescue) Vehicle

The RSN's new submarine rescue vehicle will be from the family of designs based
on JFD's existing LR5/DSAR-1 design which is currently in-service with the Royal
Navy and has, since being built by JFD, completed more than 300 dives and
exercised with live submarines from navies around the world.

The rescue vehicle will be capable of rescuing submariners and transferring
rescuees under pressure to the medical and decompression facilities onboard the
purpose-built mothership.  The use of Lithium based battery technology enables
the underwater endurance to be increased significantly over conventional
lead-acid based systems.

James Fisher personnel will commission the new submersible and associated rescue
hardware and operate and maintain it throughout its 20 year service life.

James Fisher Defence Ltd

James Fisher Defence was established in January 2005, bringing together the
defence sector activities of James Fisher and Sons plc including those of James
Fisher Rumic which was formed in 1984 and was acquired by James Fisher and Sons
in 2002.  In recent years the company has increased the scope of its activities
providing submarine rescue hardware and services to navies worldwide.  JFD
operates the United Kingdom Submarine Rescue System from its base in Renfrew,
Scotland and will operate the new NATO Submarine Rescue Service rescue
submersible.

In December 2006 James Fisher Defence Limited was awarded a contract to supply a
new rescue submersible to the Republic of Korea Navy (ROKN).  This followed the
successful supply of a new dry mating skirt for the existing ROKN rescue
submersible, LR5K.

In November 2006 JFD signed an agreement with the Government's Defence Sales
Agency to acquire the operating assets of the UK submarine rescue service in
order to provide submarine rescue services to other nations.

In August 2005, the rescue of the seven Russian submariners drew on the support
from the RAF, the US Navy and local Russians to fly the team and equipment from
its Renfrew base, transport it to a waiting ship, secure it to the vessel and
reach the offshore location within 36 hours.  It took about 5 hours to cut the
discarded fishing nets which had trapped the mini-sub called the Priz at a depth
of 625 feet off Russia's far eastern Kamchatka peninsula.  This was achieved
amid estimates that the Russian submariners had less than 10 hours of air left.
The team was also previously mobilised for the Kursk submarine disaster in 2000.

James Fisher Defence Limited is a wholly owned subsidiary of James Fisher and
Sons plc (FSJ.L), the UK's leading provider of marine services.  Through its
subsidiary, James Fisher Rumic Ltd, the company has played a key role in the
development of the UK's world-leading submarine rescue capability.

James Fisher & Sons

James Fisher & Sons plc, the parent company to James Fisher Defence, is a market
leader in the provision of technical engineering solutions in the marine
environment with its business divided into four divisions: Offshore Oil
Services, Marine Oil Services, Specialist Technical Services and Defence.

Singapore Technologies Marine (ST Marine)

ST Marine, ST Engineering's marine arm, provides turnkey building, repair and
conversion services for a wide spectrum of naval and commercial vessels.  In
shipbuilding, it has the proven capabilities to provide turnkey solutions from
concept definition to detailed design, construction, on-board system
installation and integration, testing, commissioning to through-life support.
It has also established a track record in providing high engineering content
shiprepair and ship conversion services for a worldwide clientele.  Please visit
www.stengg.com.

ST Engineering is an integrated engineering group providing solutions and
services in the aerospace, electronics, land systems and marine sectors.
Headquartered in Singapore, the Group reported revenues of $4.49b in FY2006.
With a market capitalisation in the region of $10b, it ranks among the largest
companies listed on the Singapore Exchange.  ST Engineering has more than 17,000
employees worldwide, and over 100 subsidiaries in 20 countries and 35 cities.
Please visit www.stengg.com.



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