Sealift Changes Name to Dockwise Ltd.

Monday, July 30, 2007
At the Annual General Meeting of Shareholders today, shareholders approved the name change of Sealift Ltd to Dockwise Ltd. This name change will take on July 31. The Dockwise Group of companies is an integrated heavy lift services providers. Following the recent combination with its parent company Sealift Ltd, the Dockwise Group of companies 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 of companies is able to transport the heaviest cargos over vast distances. In addition, the Dockwise Group of companies 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.
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