Dockwise Approved for Listing on Oslo Bors

Oslo Bors has approved the listing prospectus of Dockwise Ltd. It is expected that all 211,363,138 ordinary shares of the Company currently outstanding will be listed on Oslo Bors on 2 October 2007. The Company will list under the ticker symbol "DOCK", ISIN number BMG2786A 1062. The listing of Dockwise Ltd. on the Norwegian Over-The-Counter market will terminate from that date onwards.

The Company is considering a private placement and potential issuance of new shares to be undertaken at an appropriate time depending on market conditions. Any decision on such private placement will be announced over the Oslo Børs notification system.