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OSX BRASIL S.A. CNPJ/MF: 09.112.685/0001-32 Companhia Aberta - em Recuperação Judicial BM&FBOVESPA: OSXB3


Material Fact


OSX CONCLUDES DELIVERY AND ACCEPTANCE AGREEMENT OF PLSV SAPURA ESMERALDA


Rio de Janeiro, 21st December, 2015 - A OSX Brasil S.A. - Em Recuperação Judicial ("OSX Brasil" ou "Companhia") (BM&FBovespa: OSXB3), in accordance with article 157, paragraph 4 of Brazilian Law No. 6.404/76 and CVM Rule No. 358/02, announces to their shareholders and to the market that its subsidiary, OSX Construção Naval S.A. - Em Recuperação Judicial ("OSX CN"), concluded in Açu Shipbuilding Unit, the construction of the PLSV - Pipe-Laying Support Vessel called Sapura Esmeralda, ordered by Sapura Navegação Marítima S.A. ("Sapura").


On the same occasion, OSX CN signed the Delivery and Acceptance Agreement ("Agreement"), of which Sapura accepted to deliver and took ownership over the Vessel, as well as all the risks regarding the inventory and equipment on board. OSX CN remains responsible for the obligations involving the Vessel guarantee, within the limits established in the contract, for a period of twelve months, from conclusion of the Agreement.


Under the Company's restructuring, this fact illustrates the Company's ability to continue its operations, seeking to fulfill the commitments made to third parties.


Disclaimer

This document contains statements and information about the Company that reflect the current views and/or expectations of the Company and its management with regard to its business plan. These include all statements containing forecasts and projections that indicate or imply future results, performance or achievements, which may include such words at "believe," "predict," "expect," "contemplate," "will probably result," or any other words or expressions of similar meaning. Such statements are subject to a series of risks, uncertainties and assumptions. Readers are warned that several important factors may lead actual results to significantly diverge from the plans, targets, expectations, estimates and intentions expressed herein. Under no circumstances shall the Company or its directors, officers, representatives or employees to be liable to any third parties (including investors) should they make decisions, investments or business acts based on information and statements presented herein, nor shall the Company be liable for any indirect damages, loss of profit, or similar consequences thereof. The Company does not indent to provide shareholders with any revised versions of the statements or analysis of differences between the statements and actual results. Investors should thoroughly analyze OSX's prospectus, including the

risk factors identified therein. This presentation does not contain all the necessary information for a complete investment assessment on the Company. Investors shall produce their own assessments, including the associated risks, before making an investment decision.


OSX Contacts: Eduardo Farina ri@osx.com.br

+55 21 3237 5292

OSX Brasil SA issued this content on 2015-12-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-24 11:30:06 UTC

Original Document: http://www.mzweb.com.br/osx/web/download_arquivos.asp?id_arquivo=988389AB-12D8-4428-99A7-DB84544350E4