Breda, the Netherlands, 9 December 2009. Reference is made to the announcements by Dockwise Ltd. on 30 November and 7 December 2009 regarding the 20:1 share consolidation (or reverse stock split) in Dockwise Ltd. that became effective on 2 December 2009.
Dockwise Ltd. expects to pay the compensation for rounding down of fractional shares to the closest whole number of common shares on 11 December 2009. The amount of compensation will be based on a share price of NOK 8.80 prior to the share consolidation (equal to NOK 176 following the share consolidation), which was the closing price on 1 December 2009, the last day of trading prior to the effective date of the share consolidation.
Fons van Lith +31 76 5484116/+31 651 314 952
About Dockwise Ltd / Dockwise Group
Dockwise Ltd., a Bermuda incorporated, has a workforce of more than 1200 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, China, Korea, Australia, Brasil, Moscow, Singapore 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 Japan, Singapore, Spain, Norway, Argentina and Italy.
To support all of its services to customers, the group also has three additional engineering centers in Houston, Breda and Shenzhen, manufactures specific motion reduction equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units) and owns a fleet of 20 purpose built semi-submersible vessels.
Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK.
For further information: www.dockwise.com
This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.