LONDON, December 14, 2009: Blomfield Corporate Finance, the corporate finance arm of Religare Hichens Harrison, has advised on the recommended acquisition of its client, Hallin Marine Subsea International PLC (“Halin”), by Superior Energy Services, Inc. of the United States (“Superior”).

The deal, to be effected by way of a scheme of arrangement, values the fully diluted share capital of Hallin at approximately £103.5 million and is expected to become effective on 26 January 2010, subject to High Court of Justice of the Isle of Man and Hallin shareholder approval. The all-cash consideration represents an 87 percent premium to Thursday’s closing price.

Commenting on the deal, Ben Jeynes, who led the Blomfield deal team said: “We’re delighted to advise our long-standing client Hallin on a deal that offers Superior the opportunity to combine its well intervention assets and Hallin's existing subsea assets, new build vessel programme and international infrastructure.”

Tony Ebel, Chairman of Hallin, said: “We would like to thank Blomfield for their impressive efforts in advising us on this transaction. The speed with which the transaction has progressed to date has only been possible with the professional and pro-active participation of Blomfield.”

Hichens Harrison, believed to be one of London’s oldest stock brokerage firms was acquired by India’s diversified financial services group Religare in 2008 and is part of the strategy to build out a specialist emerging markets investment bank.

A diversified financial services group with a pan-India presence, Religare Enterprises Limited (REL) offers a comprehensive suite of customer-focused financial products and services targeted at retail investors, high net worth individuals and corporate and institutional clients.

REL, along with its joint venture partners, offers a range of products and services in India, including asset management, life insurance, wealth management, equity and commodity broking, investment banking, lending services, private equity and venture capital. Religare has also ventured into the alternative investments sphere through its holistic arts initiative and film fund.

The company has many firsts to its credit. With a view to expand, diversify and introduce offerings benchmarked against global best practices, Religare operates in the life insurance space under ‘Aegon Religare Life Insurance Company Limited’ and has launched India’s first wealth management joint venture under the brand name ‘Religare Macquarie Private Wealth’.

It has launched India’s first 360 degrees Arts Initiative – with a gallery as well as the first SEBI approved Film Fund- institutionalizing the film space and augmenting the alternate asset class of investments products.

REL’s IPO listing on the national exchanges in 2007 was a huge success with the oversubscription figures shooting up to almost 163 times, which is a record till date.

REL operates from seven domestic regional offices, 43 sub-regional offices, and has a presence in 503 cities and towns controlling 1,873 business locations all over India.

Religare Hichens, Harrison plc. (RHH) is a part of Religare Enterprises Limited (REL) – a diversified financial services group. Religare acquired Hichens, Harrison & Co, believed to be one of the oldest broking firms of London, in 2008, before renaming the company.

REL is committed to create in RHH a global emerging markets investment and advisory business. RHH is continually adding to its suite of investment products and strengthening its team.

RHH is an authorized and regulated broker for companies traded on the AIM Market, a PLUS Markets member broker-dealer, a PLUS Markets member corporate adviser and a member of the Dubai International Financial Exchange.

Currently, the principal areas of activity for RHH are - corporate broking, corporate finance, institutional broking and sales, contracts for difference and private client stock broking.

“Religare Enterprises Limited proposes, subject to receipt of requisite approvals, market conditions and other considerations, to make a rights issue of its equity shares to its existing shareholders and has filed a draft letter of offer (“DLOF”) with the Securities and Exchange Board of India (“SEBI”). The DLOF is available on the website of SEBI at www.sebi.gov.in as well as on the websites of the lead manager at www.enam.com. Investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the section titled “Risk Factors” of the DLOF.”

Religare Hichens Harrison plc.

100 Canon Street, London, EC4N 6EU

Telephone: +44 (0) 20 7444 0500 Fax: +44 (0) 20 7444 0815