SOURCE: Dockwise Ltd

August 22, 2007 02:14 ET

Dockwise Ltd: New Board Members

BREDA, NORWAY--(Marketwire - August 22, 2007) -

Hamilton, Bermuda, 22 August 2007 - Dockwise Ltd announces that Mr. Pietro Franco Tali and Mr. Tom Ehret have agreed to join its Board of Directors, immediately following the proposed listing of the shares of Dockwise Ltd.

The proposed appointment of Messrs. Tali and Ehret carries the full support of the Board of Directors of Dockwise Ltd and follows the recommendation of the nomination committee that was established at the Annual General Meeting held on 30 July 2007.

Mr. Tali is Chairman and CEO of Saipem S.p.A. Mr. Tali joined Saipem in 1993 and has held various positions before becoming Chairman in 2000. Mr. Ehret is CEO of Acergy S.A. since 2003. Prior to joining Acergy in March 2003, Mr. Ehret held a variety of both technical and commercial positions in several leading offshore engineering and construction companies.

Both Mr. Tali and Mr. Ehret are independent of the management and main shareholders of the Dockwise group.

After appointment of Messrs. Tali and Ehret, the Board of Directors of Dockwise Ltd will consist of Messrs. Adri Baan (Chairman), Bert Bekker, Mark Dickinson, Tom Ehret, Brian Francoeur, André Goedée, Rutger van Slobbe and Pietro Franco Tali.

About Dockwise Ltd/the Dockwise Group

Dockwise Ltd is the parent company of the Dockwise group of companies (the "Dockwise Group"), one of the world's leading integrated heavy lift services providers. Following the recent combination with Dockwise Ltd (then named Sealift Ltd), 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 (Dockwise Ltd's headquarters), Breda, (the Netherlands, being the operational headquarters of the Dockwise Group), Houston (Texas, USA), Shanghai (China), Shenzen (China), Busan (South Korea) 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:

For further information:
Jacqueline Lenterman, Investor Relations
Tel: +31 (0)6 29 39 39 69

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