SOURCE: Dockwise Ltd

December 07, 2009 03:37 ET

Confirmation of new share capital of Dockwise

BREDA, THE NETHERLANDS--(Marketwire - December 7, 2009) - Reference is made to the announcement by Dockwise Ltd. on 30 November 2009 regarding the capital reduction and the 20:1 share consolidation (or reverse stock split) in Dockwise Ltd., and the announcement on 2 December 2009 regarding the issuance of new common shares in the subsequent offering and the directed placement.

The share consolidation that became effective on 2 December 2009 has now settled, and the remaining 274,093 new common shares (pre-consolidation) in the subsequent offering have been paid and delivered. Compensation for rounding down of fractional shares to the closest whole number of common shares will be paid in due course.

The new issued and fully paid share capital of Dockwise Ltd. is USD 103,218,900, divided on 20,643,780 common shares, each with a par value of USD 5. Dockwise Ltd. confirms that the common shares are validly and legally issued, fully paid up and properly registered with the relevant register or equivalent body.

Further information:

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:

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

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

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