NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, OR JAPAN.

    Additional Shares issued to existing shareholders in directed
                              placement

Breda, Netherlands, 10 November 2009. Reference is made to the
announcements by Dockwise Ltd. on 19 October and 8 November 2009
regarding an equity raising of between USD 220 million and USD 250
million through a directed placement of up to 172,310,113 new shares
and a subsequent offering of up to 86,328,233 new shares.

In total 64,800 new shares subscribed for in the directed placement
by existing shareholders have now been issued and registered with
both Dockwise Ltd.'s shareholder register on Bermuda and in the
Norwegian Central Securities Depository (VPS). Dockwise Ltd. confirms
that these shares are validly and legally issued, fully paid up and
properly registered with the relevant register or equivalent body.
Following this share issue, the total number of shares issued by
Dockwise Ltd. is 267,488,358.

Further information:

Fons van Lith +31 76 5484116/+31 651 314 952
Fons.van.lith@dockwise.com

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 not an offer of securities for sale in or into
the United States, Australia, Canada or Japan. The securities have
not been and will not be registered under the US Securities Act of
1933, as amended, ("US Securities Act")  and may not be offered or
sold in the United States unless registered under the US Securities
Act or sold in a transaction exempt from registration. There will be
no public offer of the securities in the United States.

This announcement is being distributed in the UK only to, and is
directed only at persons who are (i) investment professionals as
defined in Article 19 of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 ("the Promotion Order") who are
persons having professional experience in matters relating to
investments, (ii) high net worth companies, unincorporated
associations and others falling within Article 49 of the Promotion
Order or (iii) persons to whom this announcement may otherwise
lawfully be distributed without being accompanied by any further
statements and/or warnings as may be required by the Promotion Order
(all such persons together being referred to as "relevant persons")
and accordingly is exempt from the general restriction on
communications in section 21 of the Financial Services and Markets
Act 2000 and, as a result of such exemptions, has not been approved
by an authorised person as required by such section. Any person who
(i) does not have professional experience in matters relating to
investments; (ii) is not a relevant person; or (iii) has any doubt
about as to whether they are an investment professional, a high net
worth company or unincorporated association, or other person to whom
this announcement may be lawfully distributed without it being
accompanied by any further statements or warnings and/or the
investment to which this announcement relates must not rely on or act
upon the contents of this announcement unless, with respect to (iii)
only, they take professional advice that confirms that they fall
within one of those categories. Dockwise Ltd. has only communicated
or caused to be communicated invitations or inducements to engage in
investment activity (within the meaning of Section 21 of the
Financial Services and Markets Act 2000) in connection with the issue
or sale of the shares in circumstances in which Section 21(1) of the
Financial Services and Markets Act 2000 does not apply. Any
investment or investment activity to which this announcement relates
is available in the United Kingdom only to relevant persons and will
be engaged in only with such persons.


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.