Koninklijke Boskalis Westminster N.V. : Boskalis announces EUR 320 million equity offering

  Koninklijke Boskalis Westminster N.V. : Boskalis announces EUR 320 million
                               equity offering


Papendrecht, 10 January 2013

· Equity offering of approximately EUR320million
· Accelerated bookbuild offering of approximately EUR 160 million
· Private placement with HAL Investments and Project Holland Fonds for
approximately EUR 160 million
· Net proceeds to be used to partly finance the acquisition of
Dockwise Ltd

Royal Boskalis Westminster N.V. (Boskalis) announces the launch of an equity
offering to raise approximately EUR320 million (the Offering) by issuing new
ordinary shares in the share capital of Boskalis (the Shares). The net
proceeds of the Offering will be used to partly finance the voluntary public
offer for Dockwise Ltd. (see press releases 26 November 2012, 21 December
2012, 24 December 2012 and 8 January 2013). The Offering was authorized by the
Extraordinary General Meeting of Boskalis shareholders held earlier today.

Boskalis intends to raise approximately EUR 160 million by issuing Shares
through an accelerated bookbuild offering to institutional and other
professional investors on a non pre-emptive basis (the ABB Offering).

In addition to the ABB Offering, HAL Investments and Project Holland Fonds
have committed to acquire in aggregate approximately EUR 160 million worth of
Shares in a private placement (the Private Placement) on a non pre-emptive
basis. HAL Investments will participate in the Offering pro rata parte its
current shareholding in Boskalis, thereby maintaining its 33.88% stake in
Boskalis following completion of the Offering. The Private Placement will be
executed at the same issue price and terms and conditions as will be
established through the ABB Offering.

The issue price, the exact number of Shares to be placed under the ABB
Offering and the Private Placement and the final size of the Offering will be
determined at the conclusion of the ABB Offering and will be announced in a
subsequent press release. The book will open with immediate effect and the
closing of the book is expected tomorrow in the course of the day. Settlement
of the Offering and the admittance of the Shares to listing and trading on
NYSE Euronext in Amsterdam is expected to take place on 16 January 2013 .

ABN AMRO and ING are acting as Joint Global Coordinators and Joint Bookrunners
for the ABB Offering. Kempen & Co is acting as placing agent of the Private
Placement and advisor to Boskalis in the context of the Offering.

This announcement is made pursuant to Section 5:25i paragraph 2 of the Dutch
Financial Supervision Act.


Investor Relations & Press:

Martijn L.D. Schuttevâer


T +31 78 6969310

F +31 78 6969020

Background information:

Royal Boskalis Westminster N.V. is a leading global services provider
operating in the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round solutions to
infrastructural challenges in the maritime, coastal and delta regions of the
world with the construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition, Boskalis
offers a wide variety of marine services and contracting for the offshore
energy sector including subsea, transport and heavy lift (through Boskalis
Offshore) and towage and salvage (through SMIT). It also has strategic
partnerships in the Middle East (Archirodon) and in terminal services (Smit
Lamnalco). With a versatile fleet of over 1,100 units Boskalis operates in
around 75 countries across six continents. Including its share in
partnerships, Boskalis has approximately 14,000 employees.

This press release can also be found on our website www.boskalis.com.

Some of the statements contained in this release that are not historical facts
are statements of future expectations and other forward-looking statements
based on management's current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results, performance,
or events to differ materially from those in such statements. Such
forward-looking statements are subject to various risks and uncertainties,
which may cause actual results and performance of Boskalis business to differ
materially and adversely from the forward-looking statements. Certain such
forward looking statements can be identified by the use of forward-looking
terminology such as "believes", "may", "will", "should", "would be", "expects"
or "anticipates" or similar expressions, or the negative thereof, or other
variations thereof, or comparable terminology, or by discussions of strategy,
plans, or intentions. Should one or more of these risks or uncertainties
materialise, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in this release as anticipated,
believed, or expected. Boskalis does not intend, and does not assume any
obligation, to update any industry information or forward-looking statements
set forth in this release to reflect subsequent events or circumstances,
except as required by law.

The Joint Bookrunners are acting exclusively for Boskalis and for no one else
in connection with the Offering and will not be responsible to anyone other
than Boskalis for providing the protections afforded to the customers of the
Joint Bookrunners or for providing advice in relation to the Offering or any
transaction or arrangement referred to herein. No prospectus has been or will
be published in connection with the Offering or the admission to listing and
trading of the Shares on Euronext Amsterdam by NYSE Euronext. The Offering is
subject to the placement agreement entered into between the Joint Bookrunners
and Boskalis becoming unconditional and to such agreement not being terminated
otherwise in accordance with its terms.

This press release is for information purposes only and is not intended to
constitute, and should not be construed as, an offer to sell or a solicitation
of any offer to buy Shares in the United States, Australia, Canada, Japan,
South Africa or in any other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of such jurisdiction, and the
distribution of this communication in jurisdictions may be similarly
restricted. This press release should not be regarded as an opinion or
recommendation concerning the purchase or sale of Shares or other securities
issued by Boskalis. Persons into whose possession this communication comes
should inform themselves about and observe any such restrictions. Any failure
to comply with these restrictions may constitute a violation of the securities
laws of any such jurisdictions.

The Shares have not been and will not be registered under the US Securities
Act of 1933, as amended (the "US Securities Act") and may not be offered or
sold in the United States absent registration or an exemption from
registration. Boskalis does not intend to register any portion of the Offering
in the United States or to conduct a public offering of securities in the
United States. No money, securities or other consideration is being solicited
and, if sent in response to the information contained herein, will not be

In relation to each Member State of the European Economic Area which has
implemented the Prospectus Directive (as defined below) (each, a "Relevant
Member State"), with effect from and including the date on which the
Prospectus Directive is implemented in that Relevant Member State (the
"Relevant Implementation Date"), the Offering will not be made to the public
in that Relevant Member State, except, with effect from and including the
Relevant Implementation Date:

(i) to any legal entity which is a qualified investor as defined under the
Prospectus Directive;

(ii) at any time to fewer than 100, or if the Relevant Member State has
implemented the relevant provisions of the 2010 PD Amending Directive, 150,
natural or legal persons in the Relevant Member State (other than qualified
investors as defined in the Prospectus Directive); or

(iii) in any other circumstances falling within Article 3(2) of the Prospectus

provided that no such Offering shall result in a requirement for the
publication by Boskalis or any Joint Bookrunner of a prospectus pursuant to
Article 3 of the Prospectus Directive

For the purposes of this provision and when used elsewhere in this
announcement, the expression an "offer of Shares to the public" in relation to
any Shares in any Relevant Member State means the communication in any form
and by any means of sufficient information on the terms of the offer and the
Shares to be offered so as to enable an investor to decide to purchase or
subscribe for the Shares, as the same may be varied in that Member State by
any measure implementing the Prospectus Directive in that Member State and the
expression "Prospectus Directive" when used in this announcement means
Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending
Directive, to the extent implemented in the Relevant Member State) and
includes any relevant implementing measure in each Relevant Member State and
the expression 2010 PD Amending Directive means Directive 2010/73/EU.

This document is only being distributed to and is only directed at: (i)
persons who are outside the United Kingdom to whom it may lawfully be
distributed; or (ii) to investment professionals falling within Article 19(5)
of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the "Order"); or (iii) high net worth entities, and other persons to
whom it may lawfully be communicated, falling within Article 49(2)(a) to (d)
of the Order (all such persons together being referred to as "Relevant
Persons"). The Shares are only available to, and any invitation, offer or
agreement to subscribe, purchase or otherwise acquire the Shares will be
engaged in only with, Relevant Persons. Any person who is not a Relevant
Person should not act or rely on this document or any of its contents.

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

Source: Koninklijke Boskalis Westminster N.V. via Thomson Reuters ONE
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