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Dockwise Ltd: Dockwise Increases Holdings in Fairstar From 83.4% to 93.6%


July 4, 2012 - Breda, The Netherlands

Dockwise today announces that,through its wholly-owned subsidiary Dockwise White Marlin B.V., Dockwisenow controls 93.63% of the outstanding shares of Fairstar Heavy TransportN.V. ("Fairstar").

Following various trades today Dockwise purchased approximately 10.2% inFairstar, increasing its holdings from 83.4% to 93.63%. Shares were boughtfrom ODIN and certain other shareholders.

About Dockwise Ltd./Dockwise Group

Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than1,200 people both offshore and onshore. The company is the leading marinecontractor providing total transport services to the offshore, onshore andyachting industries as well as installation services of extremely heavyoffshore platforms. The Group is headquartered in Breda, the Netherlands.The Group's main commercial offices are located in the Netherlands, theUnited States and China with sales offices in Korea, Australia, Brazil,Russia, Singapore, Malaysia, Mexico and Nigeria. The Dockwise YachtTransport business unit is headquartered in Fort Lauderdale and has anoffice in Genoa, Italy. The Dockwise Shipping network is supported by aglobal network of agents.

To support all of its services to customers, the group also has threeadditional engineering centers in Houston, Breda and Shanghai, manufacturesspecific motion reduction equipment such as LMU (Leg Mating Units) and DMU(Deck Mating Units) and owns a fleet of 19 purpose built, semi-submersiblevessels.

Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK andon NYSE Euronext Amsterdam under ticker DOCKW.

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

This announcement is distributed by Thomson Reuters on behalf of ThomsonReuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and otherapplicable laws; and

(ii) they are solely responsible for the content, accuracy and originalityof the information contained therein.

Source: Dockwise Ltd via Thomson Reuters ONE[HUG#1624326]

Dockwise Ltd
P.O. Box 3208, 4822 NJ Breda, Netherlands

T. +31 (0)76 5484 100
F. +31 (0)76-5484299

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