2013-03-20 18:48:56 -

This press release is issued by Royal Boskalis Westminster N.V. (Boskalis) and
Dockwise Ltd. (Dockwise) pursuant to the provisions of Article 5-12 of the
Norwegian Securities Trading Act (Verdipapirhandelloven), Article 5:25i
paragraph 2 of the Dutch Act on Financial Supervision (Wet op het Financieel
Toezicht) and Article 4 of the Dutch Decree on Public Takeover Bids (Besluit
openbare biedingen Wft) in connection with its public offer for Dockwise. This
announcement does not constitute an offer, or any solicitation of any offer, to
buy or subscribe for any securities. This announcement is not for release,
publication or distribution, in whole or in part, directly or indirectly, in or
into Canada or Japan. Terms not defined in this press release will have the
meaning as set forth in the offer document of   8 February 2013 (the Offer
Document).

Reference is made to the Offer Document and the press release of 8 February
2013 in which Boskalis Holding B.V. (the Offeror), a wholly-owned subsidiary of
Boskalis, launched a mandatory cash offer for all issued and outstanding
ordinary shares of Dockwise (the Shares) at an offer price of EUR 18.50 / NOK
137.65 per Share cum dividend (the Offer).

In the Offer, the Offeror received acceptances for a total of 22,675,948 Shares,
amounting in aggregate to 57.20% of the total number of Shares. Settlement of
payment and transfer of such Shares has been completed today. Together with the
16,722,812 Shares that were already held by the Offeror prior to the Offer, the
Offeror now holds 99.39% of the total number of Shares.

In addition, the Offeror has also acquired the Preference Shares held by HAL
Investments B.V. in accordance with Section 7.2. of the Offer Document.

Further, the Offeror has today initiated a statutory squeeze-out procedure under
Section 103 of the Bermuda Companies Act, which may be invoked by shareholders
holding not less than 95% of the shares in a company by giving notice to the
remaining shareholders of the intention to acquire their shares on the terms set
out in the notice. Such notice has been submitted to the remaining shareholders
today. The price offered in the squeeze-out is the same as the offer price in
the Offer.


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

Boskalis
Martijn L.D. Schuttevâer
T +31 (0)78 6969310
E: ir@boskalis.com


Background information:
Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than
1,400 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 and operates a fleet of 25
purpose built semisubmersible vessels (including Dockwise Vanguard, Finesse and
White Marlin). Dockwise shares are listed on the Oslo Stock Exchange and on NYSE
Euronext Amsterdam.
For further information: www.dockwise.com


Royal Boskalis Westminster N.V. is a leading global services provider operating
in the dredging, maritime infrastructure and maritime services sectors. The
company provides creative and innovative all-round solutions to infrastructural
challenges in the maritime, coastal and delta regions of the world through the
construction and maintenance of ports and waterways, land reclamation, coastal
defense and riverbank protection. In addition Boskalis executes projects and
offers a wide variety of marine services for the offshore energy sector
including subsea, transport, heavy lift and installation services (carried out
by Boskalis Offshore) and performs towage services and marine salvage work
(carried out by SMIT). Boskalis also has strategic partnerships in the Middle
East (Archirodon) and in terminal services (Smit Lamnalco). Boskalis has a
versatile fleet of over 1,100 units and operates in around 75 countries across
six continents. Including its share in partnerships, Boskalis has approximately
15,600 employees.

This press release can also be found on our website www.boskalis.com.

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



This announcement is distributed by Thomson Reuters on behalf of 
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     originality of the information contained therein. 
    
Source: Dockwise Ltd via Thomson Reuters ONE
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