Dockwise Ltd : TERMINATION OF FAIRSTAR LISTING

Squeeze out procedures initiated

15 November 2012, Breda, the Netherlands; Dockwise Ltd. today reminds the shareholders in Fairstar Heavy Transport N.V. (Fairstar) that squeeze out procedures have been initiated for the remaining approximately 0.4%. A writ of summons was delivered to the registrar for Fairstar.

Prior to the completion of the squeeze out, the shares of Fairstar will be delisted from the Oslo Stock Exchange on 19 November 2012. The last day of listing FAIR will be 19 November 2012.

For further information please contact:
Fons van Lith
M: +31 (0)6 51 314 952 or T: +31 (0)76 5484116
E: fons.van.lith@dockwise.com

 

About Dockwise Ltd. / Dockwise Group
Dockwise Ltd., a Bermuda incorporated Company, has a workforce of more than 1,300 people both offshore and onshore. The Company is the leading marine contractor providing total transport services to the offshore, onshore and yachting industries as well as installation services of extremely heavy offshore platforms. The Group is headquartered in Breda, the Netherlands. The Group's main commercial offices are located in the Netherlands, the United States and China with sales offices in Korea, Australia, Brazil, Russia, Singapore, Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has an office in Italy. The Dockwise Shipping network is supported by agents in Norway, Argentina and Italy.
To support all of its services to customers, the group also has three additional engineering centers in Houston, Breda and Shanghai, manufactures specific motion reduction equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units) and operates a fleet of 25 purpose built semi-submersible vessels (including Dockwise Vanguard, Finesse and White Marlin).
Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK and on NYSE Euronext Amsterdam under ticker DOCKW.
For further information: www.dockwise.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.