The Netherlands: Boskalis Acquires Stake of More Than 10 Pct in Dockwise

Boskalis Acquires Stake of More Than 10 Pct in Dockwise

Following a press release issued this morning regarding an intended offer for Dockwise Ltd., Royal Boskalis Westminster N.V. announces that it has acquired approximately 4 million shares in Dockwise in the course of trading today.

This shareholding represents more than 10% of the shares in Dockwise.

As previously announced, HAL Investments B.V. has irrevocably committed to tender its shares in Dockwise under the intended offer, representing approximately 32% of the outstanding ordinary shares.

Boskalis has invited Dockwise to meet at short notice with a view to further discuss the proposed offer in order to come to a transaction that is supported and recommended by the Board of Directors of Dockwise.

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 with the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection.

[mappress]

Press Release, November 26, 2012

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