News Release   February 20 2002  Offshore Systems Continues to Receive Material New Orders This Fiscal First Quarter Vancouver, Canada - February 20, 2002 - Offshore Systems International Ltd. (TSE: OSI), a marine electronic navigation company with a strong defense niche, announced today that it has continued to receive significant new orders in its fiscal first quarter which ends February 28, 2001. Since announcing a major new order in December, Offshore has received C$1.7 million (US$1.1 million) in additional new orders bringing the total new business booked to date in the fiscal first quarter to C$2.7 million (US$1.7 million). The new orders are from three of Offshore Systems' key customers - the Royal Danish Navy, the U.S. Coast Guard and the U.S. Navy, and are for products to be delivered later in 2002. The orders are for Offshore's proprietary ECPINS-M (Electronic Chart Precise Integrated Navigation System-Military) systems, and for electronic charts and chart services. "Offshore Systems continues to experience strong order flow in the first quarter, following record levels of new orders in the last half of fiscal 2001 and a corresponding strong backlog position at fiscal 2001 year-end," said John Jacobson, President and CEO of the company. "We're maintaining our focus on the military navigation market and, with the heightened emphasis on security and increased government spending on homeland defense in North America, we are very optimistic about Offshore's future prospects. We are also seeing an increasing interest in our products internationally. In fact, Offshore was recently invited to deliver a briefing on its ECPINS-M technology at NATO Headquarters in Brussels." Offshore Systems International Ltd. Founded in 1977, Offshore Systems designs, develops and markets the proprietary ECPINS® line of electronic chart navigation systems for ships. ECPINS® helps to reduce the risk of navigation-related incidents by giving bridge crews a precise, real-time display of their position, course and speed, against a background of fixed obstacles and other navigational hazards. Offshore Systems has developed a strong market position in military navigation, and has ECPINS® systems deployed with the United States Coast Guard, the Canadian Navy, the Royal Danish Navy and the United States Navy. Forward-Looking Statements This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws including Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, OSI's analysis of opportunities in the acquisition and development of various project interests and other matters. These statements are made under the 'safe harbour' provisions of the Private Securities Litigation Reform Act of 1995 and, as such, involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Although Offshore Systems International believes the expectations reflected in such forward-look statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include the effects of general economic conditions, changing foreign exchange rates, actions by government authorities, uncertainties associated with contract negotiations, industry supply.   For more information contact: Jane Hayward Investor Relations +1 613 287 0462 or +1 888 880 9797 +1 613 287 0466 (FAX) invest@osigeospatial.com