SOURCE: Dockwise Ltd

June 17, 2009 04:45 ET

Dockwise to confirm debt buy back

HAMILTON, BERMUDA--(Marketwire - June 17, 2009) - Further to its debt buyback announcement of 8 June 2009, Dockwise Ltd. today announces it has acquired USD 8.5 million of floating rate first lien debt at an average price of USD 73.93 per USD 100 in debt.

Dockwise reserves the right to continue to purchase floating rate first lien debt on a bi-lateral basis.

For further information please contact:

Fons van Lith
Tel : +14415991818 or +31 6 51 314 952
fons.van.lith@dockwise.com

About Dockwise Ltd / Dockwise Group

Dockwise Ltd. 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 Bermuda with amongst others operational offices in Breda, The Netherlands. The Group's main commercial offices are located in The Netherlands, the United States, China, Korea, Australia, Brasil and Nigeria. The Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and has offices in France and 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 Shenzen, manufactures specific motion reduction equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units) and owns a fleet of 20 purpose build semi-submersible vessels.

Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK.

For further information: www.dockwise.com


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