Market Overview

INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on Behalf of Petrofac Ltd. Investors


Law Offices of Howard G. Smith announces an investigation on behalf of
Petrofac Ltd. ("Petrofac" or the "Company") (OTC:POFCY) investors
concerning the Company and its officers' possible violations of federal
securities laws.

On May 25, 2017, Petrofac suspended its chief operating officer Marwan
Chedid after a U.K. prosecutor said the Company hasn't cooperated with a
bribery probe. The Company has also brought on a "senior external
specialist" and set up a new committee to oversee the response to the
bribery investigation. Petrofac CEO Ayman Asfari and COO Marwan Chedid
were arrested, questioned and released without being charged in
connection with alleged bribes paid to secure lucrative contracts.

On this news, shares of Petrofac fell sharply, over 30%, during intraday
trading on May 25, 2017.

If you purchased Petrofac securities, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to,
or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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