Dockwise Increase Holdings in Fairstar

Dockwise, through subsidiary Dockwise White Marlin B.V., now controls 93.63% of the outstanding shares of Fairstar Heavy Transport N.V.

Following various trades Dockwise purchased approximately 10.2% in Fairstar, increasing its holdings from 83.4% to 93.63%. Shares were bought from ODIN and certain other shareholders.

Dockwise, headquartered in Breda, The Netherlands. is a leading marine contractor providing total transport services to the offshore, onshore and yachting industries as well as installation services of extremely heavy offshore platforms.

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