Dockwise Ltd : Dockwise to review merits of intended offer

Dockwise Ltd : Dockwise to review merits of intended offer Boskalis 
BREDA, THE NETHERLANDS -- (Marketwire) -- 11/26/12 --  Dockwise Ltd.
confirms it has received an unsolicited intended offer from Royal
Boskalis Westminster N.V. ('Boskalis') for the acquisition of all
outstanding shares of Dockwise at an
offer price of EUR 17.20 per
share cum dividend. The intended offer by Boskalis
is subject to
certain specified and unspecified conditions. 
The Board of Directors of Dockwise, together with its financial and
legal advisers, will consider the intended offer of Boskalis to assess
its merits,
risks and the consequences for Dockwise and its
shareholders, as well as its
employees and other stakeholders,
compared with the stand-alone strategy of Dockwise and other
alternatives. 
In preliminary discussions, initiated by Boskalis, the strategic
rationale for a combination of Dockwise and Boskalis was presented by
Boskalis. As part of the
evaluation process by the Board of
Directors, Dockwise will seek  clarification
from Boskalis with
regard to its intended offer. 
Andre Goedee, CEO of Dockwise, comments on the developments: 
"This unsolicited approach for our Company has arrived not only
during a phase
of successful strategic development, but also during a
period of intense tendering in the upstream arena. With the strategic
acceleration in logistic
management and the addition of new vessels,
such as the Dockwise Vanguard and
the Dockwise White Marlin, the
Company is well positioned in the Oil and Gas
upstream and downstream
environment. From this position the Company is well suited to manage
its next steps on a standalone basis. The medium term outlook in the
Oil and Gas upstream and downstream environment
clearly emphasises
that there will be opportunities to establish new backlog
records for
Dockwise in the near future. Our position built in our
individual
markets, on top of our unrivalled leadership in Heavy
Marine, Transport, leads
to the conclusion that any offer made for
the Company should fully reflect our
strong market position and
should clearly serve the interests of the Company as a whole,
including all our shareholders, as well as our employees, clients
and
other stakeholders." 
Further announcements will be made if and when appropriate. 
This is a 
press release in accordance with Section 5:25i paragraph 2
of the Dutch Financial Supervision Act (Wet op het financieel
toezicht) and is subject
of the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act. 
About Dockwise Ltd. / Dockwise Group 
Dockwise Ltd., a Bermuda incorporated Company, has a workforce of
more than 1,300 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 Breda, the Netherlands. The Group's
main commercial
offices are located in the Netherlands, the United States and
China
with sales offices in Korea, Australia, Brazil, Russia, Singapore,
Malaysia, Mexico and Nigeria. The Dockwise Yacht Transport business
unit is headquartered in Fort Lauderdale and has an office in Italy.
The Dockwise Shipping network is supported by agents in Norway,
Argentina and Italy. 
To support all of its services to customers, the group also has three
additional
engineering centers in Houston, Breda and Shanghai,
manufactures specific motion
reduction equipment such as LMU (Leg
Mating Units) and DMU (Deck Mating Units)
and operates a fleet of 25
purpose built semi-submersible vessels (including
Dockwise Vanguard,
Finesse and White Marlin). 
Dockwise shares are listed on the Oslo Stock Exchange under ticker
DOCK and on
NYSE Euronext Amsterdam under ticker DOCKW. 
For further information: www.dockwise.com 
This announcement is distributed by Thomson Reuters on behalf of
Thomson 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 
[HUG#1660459] 
For further information please contact:
Fons van Lith
M: +31 (0)6 51 314 952
T: +31 (0)76 5484116
E: fons.van.lith@dockwise.com