Squeeze out procedures initiated


BREDA, THE NETHERLANDS--(Marketwire - Nov 15, 2012) - Dockwise Ltd. today reminds theshareholders in Fairstar Heavy Transport N.V. (Fairstar) that squeeze outprocedures have been initiated for the remaining approximately 0.4%. A writofsummons was delivered to the registrar for Fairstar.

Prior to the completion of the squeeze out, the shares of Fairstar will bedelisted from the Oslo Stock Exchange on 19 November 2012. The last day oflisting FAIR will be 19 November 2012.

About Dockwise Ltd. / Dockwise Group

Dockwise Ltd., a Bermuda incorporated Company, has a workforce of more than1,300 people both offshore and onshore. The Company is the leading marinecontractor providing total transport services to the offshore, onshore andyachting industries as well as installation services of extremely heavyoffshoreplatforms. The Group is headquartered in Breda, the Netherlands. TheGroup'smain commercial offices are located in the Netherlands, the United StatesandChina with sales offices in Korea, Australia, Brazil, Russia, Singapore,Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business unit isheadquartered in Fort Lauderdale and has an office in Italy. The DockwiseShipping network is supported by agents in Norway, Argentina and Italy.To support all of its services to customers, the group also has threeadditionalengineering centers in Houston, Breda and Shanghai, manufactures specific motionreduction equipment such as LMU (Leg Mating Units) and DMU (Deck MatingUnits)and operates a fleet of 25 purpose built semi-submersible vessels(includingDockwise Vanguard, Finesse and White Marlin).

Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK andonNYSE Euronext Amsterdam under ticker DOCKW.

For further information:

This information is subject of the disclosure requirements pursuant tosection5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Dockwise Ltd via Thomson Reuters ONE


For further information please contact:
Fons van Lith
M: +31 (0)6 51 314 952
T: +31 (0)76 5484116
E: Email Contact

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