Mosvold Shipping Ltd Increases Stake in Mosvold Jackup Ltd

On July 12, 2006, Mosvold Shipping Ltd. (primary insider) has purchased 639,800 shares in Mosvold Jackup Ltd. at a price of NOK 16.00 per share. After the purchase Mosvold Shipping Ltd. and associated companies, hold 10,636,467 shares (29%) in Mosvold Jackup Ltd.

Harald Vetnes AS (primary insider) has July 12, 2006 purchased 60,200 shares in Mosvold Jackup Ltd. at a price of NOK 16.00 per share.

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