SOURCE: Dockwise Ltd

September 27, 2007 07:32 ET

DOCKWISE LTD. - Listing prospectus approved by Oslo Børs

BREDA, NORWAY--(Marketwire - September 27, 2007) -


Hamilton, Bermuda, 27 September 2007 - Dockwise Ltd. ("the Company"), one of the world's leading integrated heavy lift sea transport companies, announces that Oslo Børs has approved the listing prospectus of the Company today.

It is expected that all 211,363,138 ordinary shares of the Company currently outstanding will be listed on Oslo Børs on 2 October 2007. The Company will list under the ticker symbol "DOCK", ISIN number BMG2786A 1062. The listing of Dockwise Ltd. on the Norwegian Over-The-Counter market will terminate from that date onwards.

The Company is considering a private placement and potential issuance of new shares to be undertaken at an appropriate time depending on market conditions. Any decision on such private placement will be announced over the Oslo Børs notification system.

For more information on the listing prospectus and the Company please refer to the listing prospectus dated 27 September 2007 and the advertisement regarding the general availability of the listing prospectus, which will be published in the Norwegian national newspaper Dagens Næringsliv on 28 September 2007.

To obtain a copy of the listing prospectus, please contact:

Dockwise Ltd.:
Washington Mall West
2nd Floor
7 Reid Street, Hamilton HM 11
Bermuda
Telephone:      +1 441 295 71 49

Carnegie ASA:
Stranden 1
P.O. Box 684 Sentrum
NO-0106 Oslo
Norway
Telephone:      +47 22 00 93 00
Facsimile:         +47 22 00 99 60

The electronic version of the Listing Prospectus will be available on the website of Carnegie, www.carnegie.no (for Norwegian residents only).

About Dockwise Ltd

Dockwise Ltd. is the parent company of the Dockwise group of companies, one of the world's leading integrated heavy lift sea transport companies. Following the recent merger with Sealift, the Dockwise group currently owns a fleet of 22 vessels, of which 17 are semi-submersible heavy transport vessels and the remaining 5 are due to be converted into semi-submersible heavy transport vessels. The Dockwise group is able to transport the heaviest cargos over vast distances. In addition, the Dockwise group provides its customers with high value added services such as engineering, project management and front-end engineering design, particularly in the transportation and installation of offshore structures business. This capability has been further enhanced by the recent acquisitions of Offshore Kinematics Inc and Ocean Dynamics LLC. The Dockwise group employs about 800 people worldwide. With a global network of offices in Bermuda, Breda, (the Netherlands), Houston (Texas, USA), Shanghai (China), Shenzen (China), Busan (South Korea), Lagos (Nigeria) and Fort Lauderdale (USA)/Golfe Juan (France)/Genua (Italy) (Dockwise Yacht Transport), as well as 8 representing agents, the Dockwise group provides an extensive service network to its clients. For further information: www.dockwise.com

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For further information:
Jacqueline Lenterman, Investor Relations
Tel: +31 (0)6 29 39 39 69
E-mail:  Jacqueline.Lenterman@dockwise.com

This announcement is not an offer to sell or a solicitation of any offer to buy the securities of Dockwise Ltd. (the "Company", and any such securities, the "Securities") in the United States or in any other jurisdiction.

The Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States unless registered under the Securities Act or an exemption from such registration is available. No public offering of Securities in the Company is being made in the United States.

This communication is directed only at (i) persons outside the United Kingdom, or (ii) persons having professional experience in matters relating to investments who fall within the definition of investment professionals in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 or (iii) high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. Any investment or investment activity to which this communication relates is available only to and will be engaged in only with such persons. Persons within the United Kingdom who receive this communication (other than persons falling within (ii) and (iii) above) should not rely on or act upon this communication.





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