Swiber Holdings Ltd. announced that they will report Q3, 2009 results on November 13, 2009.

Swiber Holdings Ltd., Special/Extraordinary Shareholders Meeting, Oct 14, 2009, at 10:00 Singapore Standard Time. Location: 12 International Business Park, #03-02 Cyberhub@IBP, Singapore 609920, Singapore. Agenda: To create and issue 5% convertible bonds due 2014 with an aggregate principal amount of up to $100 million, such convertible bonds to be convertible, at the option of the holder thereof, into new ordinary shares of the company at a conversion price determined in accordance with the terms and conditions of the convertible bonds, and subject to such adjustments as the terms and conditions of the convertible bonds shall stipulate; to allot and issue of conversion shares as may be required or permitted to be allotted or issued on the conversion of the bonds, to the holders of the convertible bonds on the conversion thereof; to approve the director be and is hereby authorized to take such steps, make such amendments to the terms and conditions of the convertible bonds and exercise such discretion as he may from time to time deem fit, advisable, desirable, expedient or necessary in connection with all or any of the above matters.

Swiber Holdings Ltd. reported earnings results for the second quarter and six months of fiscal 2009. For the quarter, the company reported earnings fell almost a fifth to $16.9 million as revenue dropped 11% to $110.8 million. The fall in revenue was due to completion of some offshore projects in Malaysia. Swiber worked on four projects in second quarter 2009, down from six a year earlier. For the first half, earnings fell 14.1% to $26.7 million and revenue was virtually flat at $197.9 million. Earnings per share were 6.19 cents, down from 7.33 cents previously. Gross profit dropped 26.2% to $23.8 million from $32.3 million previously.